Bought 15% CDNS @ $67.86 Stop @ $65.94 Target @ $76.90 CDNS giving us a strong buy signal today as it breaks out above the major moving averages. Still a chance this chops around the MAs a while longer, but if this is the breakout it should move up towards the highs again.
Moving stops higher again this morning: PAAS stop $20.66 GOLD stop $16.95 NVDA stop $219.90 MRO stop $12.69 Our MRK stop at $18.80 was hit this morning for a small profit. Trump announced a “Phase One” trade deal an hour ago. So far very few details are out, and it hasn’t been signed. The market appeared less than impressed, and stocks quickly slid into negative territory. However, stocks and gold both seem to be on … read more Trade Update
Moving stops up again. PAAS stop $20.46 NVDA stop $215.79 MRK stop $88.80 MRO stop $12.54 It’s been an interesting morning. Stocks opened lower and gold opened way higher today, but five minutes after the open Trump conveniently tweeted, “Getting VERY close to a BIG DEAL with China. They want it, and so do we!” Markets reversed immediately. While I hope this is true, I also know I’ve seen these same tweets every time a … read more Trade Update
Bought 15% DIS @ $148.35 Stop @ $144.20 Target @ $164.90 DIS is rallying back above the 20-DMA here this morning after triggering a buy signal yesterday. Trump is tweeting about being close to a trade deal which has the markets excited this morning.
Two Trades: One is primarily a silver play and one is a gold play. We are smack dab in the middle of the timing band for an intermediate cycle low, and gold and the GDX both printed a buy signal today. Bought 10% PAAS @ 20.46 Stop @ $19.20 Target @ $24.90 AND Bought 10% GOLD (Barrick Gold Corp) @ $17.60 Stop @ $16.87 Target @ $19.99
Trade Update: Moving stops up today. The Fed makes a rate decision at 2:00 EST today, followed by a press conference by Jerome Powell at 2:30. These always have the potential to move markets dramatically, or not at all. To be prepared we’re going to move stops up on our positions. We’re also waiting this week for a potential important announcement regarding the trade war with China, as there is a looming Dec. 15th deadline. … read more Trade Update
Bought 15% NVDA @ $212.60 Stop at $199.90 Target @ $279.00 NVDA broke through the 20-DMA this morning and triggered a buy signal. The first level of resistance is a gap fill at $227.07. If that can be broken the stock has pretty much uninterrupted upside to the $280 area. The SOX semiconductor index is also producing a strong buy signal this morning. You can also see that NVDA gave us a sell signal on … read more Trade Alert
Sold our FSM position at $3.31. Gold turned down sharply off of the jobs report. We’ll step aside here and see what happens in the coming days.
Bought 15% MRK @ $88.21 Stop @ $85.30 Target @ $99.89 (note this is a different trade than MRO that we made earlier) MRK with a nice breakout of an ascending triangle here. This chart pattern should result in a strong leg higher.
Bought 15% MRO @ $12.19 Stop @ $11.57 Target @ $13.90 Strong move up in oil and oil services sectors. Good buy signals on the charts. MRO has plenty of upside potential here.