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, … read more Buy-and-Hold Portfolio 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 … read more 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 … read more Buy-and-Hold Portfolio 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 … read more 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.
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 … read more 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 … read more Trade Alert
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.
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.
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.