All of our current trades are moving up nicely and we’re going to take a moment here to move the stops up on three of them. SQ stop up to $63.90 MSFT stop up to $146.95 MA stop up to $276.65 All five of our current trades now have stops above break-even, meaning that even if the market pulls back sharply we should still book a nice profit. The concern in this market is that … read more Trade Update
Bought 10% SQ @ $ 63.68 Stop @ $60.95 Target @ $79.90 SQ has been in a period of consolidation along this level for a few months. We’re only trading a 10% size on this because of the tendency to chop around at this level, but if we do catch the breakout the upside target of a gap fill at $80.00 makes the reward-to-risk on this trade hard to beat. Good support underneath the stock, … read more Trade Alert
We’re moving stops up this morning: MA stop up to $276.00 (break-even) UTX stop up to $146.95 MA has been in this choppy range for four months now. We’re willing to play the momentum looking for the big move to get it out of this range, but when that momentum peters out there is little reason to remain in it. So we’ll move the stop up to break-even here. If this rally and proves to … read more Trade Update
Bought 15% MA @ $276.00 Stop @ $267.95 Target $309.80 MA gave us a nice buy signal on Friday and finished the day strong with a push through the 20 and 50-day moving averages. After a little initial weakness this morning, but finding support at the 20-DMA, it is moving back up nicely, as is the rest of the sector. Good upside potential and a tight stop on this one.
Bought 15% MSFT @ $146.00 Stop @ $140.99 Target @ $165.90 Microsoft started 2019 off with a solid six-month run higher. It then consolidated nicely into an ascending triangle for about 4 months. It’s now broken out to the upside and is looking strong again today. The previous breakout ran for ~$25 and we’d expect this next leg up to do roughly as well. Good reward-to-risk in a strong company.
Moving ALL stops up: ORCL stop $55.15 UTX stop $146.35 GOOG stop $1299.50 COST stop $302.45 Please take a second to review the Portfolio page to be sure you are current.
Sold DIS at $133.60 We still like this trade, but earnings are this afternoon, and without a profit cushion it’s too risky to hold overnight. We’ll look at it again tomorrow.
GPRO stop hit at $4.34 (+22.6%) Also sold 1/3 of QCOM @ $85.06 GPRO earnings are tomorrow so we were going to be selling 1/2 today either way. Now we’ll just wait and see what happens with their earnings report. QCOM has earnings today after the bell. This chart looks really good still, and we’ve got a nice profit in it which we’d like to build on, so we’re going to just sell 1/3 here, … read more Trade Alert
Bought 10% COST @ $299.00 Stop @ $292.90 Target @ $319.80 After a couple of weeks of sideways basing, COST has begun to rally again, triggering a buy signal right at the level we closed our last winner in the stock. We’ll attempt to catch the next leg higher in this one with a 10% trade as it’s passing through the 20-DMA to a new daily high. We expect resistance at $307 all-time-highs, but a … read more Trade Alert