Trade Alert
Bought 15% PYPL @ $106.47 Stop @ $102.98 Target @ $119.90 Paypal earnings are out of the way, and forward guidance was strong. Stock is breaking above major moving averages here and has strong reward-to-risk.
Trade Alert
Sold to close our TSM position at $50.05 At the market open this morning ADI stop hit and we closed at $107.17, and COST hit and closed at $298.80. Earnings season is in full swing. TXN gave very weak forward guidance which has sent semiconductor stocks into a tailspin this morning. We’ll close TSM with a nice gain and reevaluate once the SOX (semiconductor index) finds its footing again.
Trade Update
Moving Protective Stops UP: GPRO stop $3.54 COST stop $298.80 AAPL stop $228.97 TSM stop $49.32 Trades have been moving higher. As they do that we raise stops to protect profits.
Trade Alert
Bought 15% DIS @ $133.60 Stop @ $128.35 Target @ $147.15 We like the fundamentals of Disney, especially with Disney+ streaming service coming online in a couple of weeks. The chart has been a bit of a mixed bag lately, but now we’re getting a nice buy signal and breakout as the stock has come off the 200-DMA and rallied through the 20- and 50-DMAs. There’s not much to argue about with this one right … read more Trade Alert
Trade Alert
Bought 15% ADI @ $111.65 Stop @ $107.90 Target @ $124.49 ADI has a nice long-term uptrend in place, that falls right along the 200-DMA providing extra support. The stock is rallying through the 20 and 50-DMA giving us a strong buy signal here with good reward-to-risk.
Trade Update
Move HBM stop up to $3.54 Move PFE stop up to $36.30 Gold and Silver were quite strong early this morning, but have faded quite a bit. There is still some lingering concern that the metals haven’t yet bottomed, so we’re going to move the stop on HBM right up to break-even. If it can continue to rally here, great. If not, we’ll get out at even and look for a better entry later. PFE … read more Trade Update
Trade Alert
Bought 15% of JPM @ $122.68 Stop @ $118.95 Target @ $132.90 JPM has broken out of a nearly two year trading range. The entire banking sector is very near upper resistance. Possible it still turns down, but overall the breakout trades have been consistently following through, and this JPM is about as strong a breakout setup as there is.
Trade Alert
Bought 15% HBM @ $3.54 Stop @ $3.29 Target @ $4.82 It appears that Silver may have put in an ICL. We’re not 100% convinced by this just yet, but we’re getting a lot of solid buy signals on the individual miners—trade opportunities with significant reward-to-risk ratios. We’re buying HBM here with a fairly tight stop in case this turns out to be a headfake. If not, we should see a nice run. The stock … read more Trade Alert
Trade Update
Update on our TSM position. Thursday morning before the market opens TSM will report their quarterly earnings. In general we don’t trade through earnings reports because of the potential for unexpected surprises. This is why we booked 1/3 of this trade already. The last couple of days we’ve built up a nice cushion on the trade, and because it is such a strong chart right now, we’ve decided to hold our remaining 10% (2/3) position. … read more Trade Update
Trade Alert
Bought 10% AAPL @ $236.11 Stop @ $227.29 Target @ $259.90 Apple has broken out of a long running wedge pattern, gapped higher and run through the all-time-highs. Based solely on the charts there is no reason to think this won’t continue to climb higher here. We’ve got a measured risk under 4% on the trade if the breakout does fail. Biggest concern with this trade, really, is the trade war, which is why we’re … read more Trade Alert
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