Trades moving along nicely. Time to move stops up again. Doing this protects profits in the event the market reverses back to the downside. The S&P has cleared a key hurdle at 3,000, and the 200-DMA as well. This is bullish, but could also prove to be a stop run as the market then rolls over into a cycle low. Stop orders keep us from having to worry about which it is, and we can … read more Trade Update
Move stops up: F stop up to $5.59 TRV stop up to $100.05 BAC stop up to $23.49 SBUX stop up to $76.56 All our trades are moving up nicely. Ford is now up 13%, BAC 7%, SBUX and TRV about 3%. We’re going to continue what we’ve been doing and move the stops up again. The S&P is hovering right at a critical area here. It looks like it could continue higher, but any … read more Trade Update
Back in March we began the Wanderer Dividend Portfolio. The purpose being to allocate a portion of your overall portfolio to a “passive income” generator. I say passive in quotes, because no investing should be done completely passively. We should always evaluate and manage our money. So let’s do that today. ARR This is our real-estate trade. REITs are strong dividend payers. However, they also come with significant risks. Especially during times like this. ARR … read more Dividend Portfolio Update
Move the SBUX stop up to $75.49 Move the F stop up to $5.36 Market continues to chop along sideways. We’re managing to get some nice trades in here regardless, but need to constantly ratchet up the stop levels in order to be prepared for a potential reversal. SBUX is up about 3% for us, but is running into some resistance at the recent high. The stop is just below the 20-DMA (purple line). F … read more Trade Update
Bought 15% TRV @ $100.05 Stop @ $94.89 Target $118.90 TRV is throwing off a buy signal today as it blows through the 20- and 50-DMAs. After a double bottom, this could be the beginning of a strong move back to the 200-DMA. Our target is located about where we’d expect the stock to run into the falling 200. Stop is back below today’s low. If it can’t follow through on this strong move we’d … read more Trade Alert
Dividend Portfolio Trade Alert: Bought 10% T @ $29.86 T isn’t likely to be an exciting trade, which is just fine. The dividend yield is 7% at this level, and we believe they are quite likely to maintain their dividend even in the case of another market downturn.
Move stops up: All of our trades are moving up nicely. We’ll get stops moved on them here to be sure and lock in some profits in case of a pullback in the markets. The S&P is right up near resistance at 3,000, but the Dow and Nasdaq both have a lot of uninterrupted upside ahead. MA stop up to $293.90 F stop up to $5.26 EQX stop up to $9.14 SLB stop up to … read more Trade Update
Bought 15% BAC @ $22.81 Stop @ $21.98 Target @ $27.90 Banks are giving us a bunch of buy signals this morning, just days after the 50-DMA has flattened out. These are nice trade signals with significant upside potential, giving us strong reward-to-risk.
Bought 10% EQX @ $8.82 Stop @ $8.54 Target @ $10.30 There are a number of mining stocks that are getting fresh buy signals today. Metals continue to look strong and could see significantly more upside. Good reward-to-risk from this level.
Move CDE stop up to $4.86 CDE, and silver, continue to rally nicely, however both are at 200-DMA resistance. We’re hopeful that it can push through this level, as there is still significant upside potential, and this is really the only resistance on the chart right now. We’re moving the stop up to just below today’s low, in case it does prove to be the short-term top.