Dividend Portfolio Trade Alert: For the dividend portfolio, BUY 10% MSB @ $14.80 NOTE: USE A LIMIT ORDER, NOT A MARKET ORDER MSB ex-dividend date is tomorrow, meaning we’ll receive the .56 cent dividend which will be payed May 20th. In addition to the 15% dividend, the stock presents a nice chart setup with a strong buy signal yesterday. A move a little further above the 50-DMA would be especially bullish. There is risk to … read more Dividend Portfolio Trade Alert
NAT stop up to $6.43 MOH stop up to $165.60 Good Tuesday morning! I just wanted to touch base here on our current trades. We’re going to move a couple of stops up this morning. MOH we’re moving up to break-even at $165.60. This trade is doing just fine, climbing steadily up above its breakout level. This is a managed health-care (insurance) company that remains a bit isolated from the coronavirus risks that other stocks … read more Trade Update
Two trades: It appears the Dow is going to close above the 50-DMA today so we’d like to get a couple of trades on here: Bought 5% GPRO @ $3.17 Stop @ $2.98 Target @ $3.99 Bought 15% JPM @ $94.61 Stop @ $90.90 Target @ $113.95 We’ve got a fresh buy signal on JPM today, back above the 20-DMA and also the Dec. 2018 low. We still have a falling 50-DMA to contend with, … read more Trade Alert
Bought 5% NAT @ $5.35 Stop @ $3.98 Target @ $11.90 This is a highly speculative trade, thus the small 5% trade size and wide stop level. The oil market remains in freefall as demand has dried up, but producers can’t bring themselves to lower production even a fraction of that demand loss level. What this has caused is an absolute disappearance of available storage space for oil. It’s coming out of the ground with … read more Trade Alert
Bought 15% C @ $45.07 Stop @ $42.39 Target @ $51.90 The market recovered most of this morning’s losses and C is giving us a nice bullish signal here. If the market continues to creep higher C should be able to rise relatively undisturbed to the 50-DMA (red line). If now, we’ll exit on a break back below the 20-DMA (purple line).
Sold GOLD at $24.09 Metals, and especially gold got hit hard this morning, losing the breakout. We’re going to take Barrick gold (GOLD) off the table for now. GLD hit the stop as well. Would rather take the very small loss here and let things settle down again than wait to see if it can stop the slide. Strong breakout in gold (the metal) reversed due to the increasingly better outlook for the economy getting … read more Trade Alert
Bought 15% MOH $165.60 Stop @ $156.90 Target @ $199.90 Very strong breakout of an 18-month long channel. With a breakout like this we expect the topside target to reach roughly the same width of the original channel, putting it just around $200.
Move AAPL stop up to $279.90 Move T stop up to $30.29 AAPL gave us a nice pop through the 50-DMA yesterday. If it can’t hold that level now, we’d want to exit, as we’d expect a deeper pullback at that point. T is doing well, and made a strong move higher yesterday. The market is going to drag it back a bit this morning. If it falls below yesterday’s low we’d expect more downside … read more Trade Update
Trade Alert: Two Trades! Buy 10% GOLD (ticker for Barrick Gold) @ $24.55 Stop @ $22.49 Target @ $32.95 Buy 10% GLD @ $162.50 Stop @ $158.79 Target @ $174.90 Gold is in the midst of a major breakout here. The fundamentals have turned very bullish for gold. The Fed has made it clear that there is nothing they won’t do to keep the economy going. How gold performs on a daily basis going forward … read more Trade Alert
We’re going to shuffle things around a bit with our AAPL trade this morning. AAPL just announced some very good March numbers for China shipments and the stock is popping this morning. It looks likely to hit our target of $279.90, which is also right at the falling 50-DMA. We expect resistance at our initial target, but because it’s on such a nice steady uptrend we’re going to just take 1/3 (5% of the 15% … read more Trade Update