Buy-and-Hold Portfolio Trade Alert
Bought $2,000 (~5% model portfolio) MSOS @ $13.51 Stop @ $11.49 MSOS is an ETF with a focus on US based cannabis companies. This industry rocketed off to extreme highs in 2018, and then again in early 2021 when hope bloomed that the new administration would execute some sort of federal legalization. That didn’t happen, and surprisingly the subject of cannabis legalization seemed to just disappear from gov’t the past year or two. The charts … read more Buy-and-Hold Portfolio Trade Alert
Trade Alert
Bought 15% PEP @ $178.32 Stop @ $173.99 Target @ $199.00 PEP is giving us a clear breakout trade setup this morning. There are two possibilities with this one. Either this truly is a breakout, in which case the move higher should be substantial in the coming days/weeks. Or, the breakout fails here and it’s instead a cycle top. These trades offer us very clear reward-to-risk, which is skewed strongly towards the reward side, even … read more Trade Alert
Buy-and-Hold Portfolio Trade Alert
Bought 5% (~$2,000 model portfolio) MU @ $63.82 Stop @ $49.50 We also own AMD in that account, bringing our semiconductor exposure to 10%, which we think is okay right now, after the sector retraced so far in 2022. Our AMD trade is up 30%, so we can move that stop up into the green (we’ll be doing a BnH portfolio update with adjusted stops in the coming days), essentially offsetting our risk to about … read more Buy-and-Hold Portfolio Trade Alert
Trade Alert
Bought 15% GOOG @ $121.00 Stop @ $118.89 Target @ $129.00 This is a very straightforward breakout trade. With trades like this we are playing the momentum of the breakout. If that fails we’ll be out quickly for a very small loss. The reward-to-risk is good on these breakouts, and we especially like them when the breakout resistance has already been tested multiple times. The initial target is the 200-Day Moving Average, but would likely … read more Trade Alert
Trade Alert
Sold our ADBE position at $431.13 The Nasdaq may have more upside ahead, but for now it has turned down again right at the downtrend resistance, so we are going to book some profit here and lower our market exposure a bit in the process.
Trade Alert
Bought 10% TGT $170.10 Stop @ $162.98 Target @ $199.90 This is a very straightforward breakout trade with a large gap to fill. Purely a technical trade. Bought 10% AUY @ $5.12 Stop @ $4.74 Target @ $6.19 Gold typically prints two large cycles per year. Entering the sector early in one of these cycles will usually result in trade set ups with nicely skewed reward-to-risk ratios. Gold likely bottomed in July, and is now … read more Trade Alert
Trade Alert
Bought 10% CORN (etf) @ $24.79 Stop @ $23.79 Target @ $29.00 We would make this a 15% trade, but the daily volume on this etf isn’t nearly as high as we would like. Because of that we HIGHLY suggest that you use a LIMIT order on this trade. Meaning you DO NOT use a market order, but instead put a price limit on your order, both on the initial buy, as well as the … read more Trade Alert
Trade Update
AEM stop up to $42.99 MAG stop up to $13.58 ADBE stop up to $411.98 MSFT stop up to $275.99 Trades are moving up nicely today. We’re going to move stops up to protect profits. Overall, though, we expect that this rally will continue for a while longer.
Trade Alert
Bought 10% AEM @ $42.84 Stop @ $40.98 Target @ $47.50 We believe gold is likely still in the early stages of a new cycle. AEM reported earnings just a couple days ago, and if the rally in the metals does continue this should have plenty of upside potential.
Trade Alert
Bought 15% MSFT @ $266.28 Stop @ $258.79 Target @ 289.00 Bought 10% MAG @ $12.34 Stop @ $11.08 Target $15.29 Following the Fed’s rate hike decision of .75 the market continued higher. Both of these charts are on fresh buy signals.
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