The Federal Reserve will give us their rate hike announcement at 2:00 EST today. In anticipation of that we’re going to move our stop prices around a bit. Move ORCL stop up to $73.98 Move ERF stop up to $12.98 Move DD stop up to $57.22 TTWO stop remains at $129.29 ADBE stop remains at $377.99
Market is a little wishy-washy today. Started out the morning looking pretty solid, but is mixed now, and looks like it could finish the week out on a weak note, so we’ll move a few stops up now just in case this morning’s drop accelerates throughout the day. Move BLNK stop up to $18.65 Move PLTR stop up to $9.95 These 5% position trades are made small because the stocks are so prone to 3, … read more Trade Update
Bought $2,000 (~5% model portfolio) TSLA @ $776.99 Stop @ $595.00 Tesla reported earnings this morning and jumped out of its pennant consolidation on the chart. We believe the bottom has likely been put in back in May, and that over time the continued growth story will carry the stock back to the highs, and likely beyond. Overall target for this is roughly 100% from here over a two-year time frame. Of course, as with … read more Buy-and-Hold Portfolio Trade Alert
Four trades: Bought 5% PLTR @ $9.95 Stop @ $9.39 Target @ $13.30 Bought 5% BLNK @ $18.58 Stop @ $17.29 Target @ $23.50 Bought 10% DD @ $57.22 Stop @ $54.98 Target @ $68.00 Bought 10% ADBE @ $400.00 Stop @ $377.99 Target @ $469.00 Market indexes are on a clear breakout move at the moment. One that looks like it could have some room to run. We believe this is a bull run … read more Trade Alert
Bought 10% TTWO @ $128.21 Stop @ $122.89 Target @ $149.95 The market is having a great day. Right now the Nasdaq is pressing right up on recent resistance. If tomorrow morning can maintain the breakout we’ll likely be joining in heavily at that point. TTWO is a solid setup regardless, with a fresh buy signal above rising short-term MAs. This could have a nice run ahead of it.
Bought $6,000 model portfolio (~15%) FXI @ $31.94 Stop @ $29.90 Bought $2,000 model portfolio (~5%) AMZN @ $116.08 Stop @ $79.50 We recently stopped out of our FXI position for a profit, placing the stop below the obvious support. We wanted to ensure we didn’t take a loss on the trade, but with markets turning up a bit now, and FXI coming off of its low, we think it is a good idea to … read more Buy-and-Hold Portfolio Trade Alert
Bought 15% ORCL $71.01 Stop @ $68.19 Target @ $81.50 Bought 5% ERF @ $12.70 Stop @ $10.95 Target @ $17.50 ORCL was a stock to watch last Wednesday, and is now giving us a fresh Wanderer buy signal as it crosses the short-term 20- and 50-DMAs. ERF is a play on the energy sector which has been beaten down quite a bit lately. This chart is giving us a nice Double-B low with good … read more Trade Alert
Bought 15% BABA @ $125.17 Stop @ $118.95 Target @ $161.14 This was a stock to watch on Wednesday and is presenting us with a pretty clear breakout trade at this level. It’s also nice to spread market exposure around a bit in the current environment. We’ve now got positions in US, Germany, and China.
Three trades Bought $2,000 (~5% of model portfolio) AMD @ $78.75 Stop @ $56.95 Bought $2,000 (~5% of model portfolio) MELI @ $714.32 Stop @ $589.00 Bought $2,000 (~5% of model portfolio) LIT @ $74.89 Stop @ $59.89 The LIT trade is doubling a current position made near this level in June. We believe supply and demand will dictate that the lithium market will trend higher over the coming years. AMD’s chart is sitting on … read more Buy-and-Hold Portfolio Trade Alert
Bought 20% EWG @ $22.38 Stop @ $21.62 Target @ $27.00 Bought 20% DIA @ $312.81 Stop @ $302.90 Target @ $332.00 Both the European and US markets are giving us some signs that they have found at least a short-term bottom. We can’t ignore these, even if we do feel that the markets still haven’t found a final low yet. The DAX (German market) has put in a Double-B low and is rallying nicely. … read more Trade Alert