Trade Alert
Sold 1/3 of TSM position @ $49.86 Move stop on remaining 2/3 to $48.95 Earnings are on Thursday morning, so we expect some volatility. Ideally the stock will continue to run higher into earnings and we can leave our remaining 2/3 position on while moving the stop higher. The chart remains very strong, but earnings are always a bit of a roll of the dice, so it’s important to book some profits and protect the … read more Trade Alert
Trade Alert
Bought 15% PFE at $36.30. Stop $35.39 Target $40 Pfizer is printing a buy signal as it crosses its flattening 20 and 50-DMA.
Trade Update
Moving stop on TSM up to $47.95 Moving stop on COST up to $292.49 ATVI hit our stop this morning, after having been up considerably on the trade just days earlier. Unfortunately, the company got caught up in the Hong Kong/China tensions when they suspended a gamer and withheld his winnings because he had posted video of himself supporting Hong Kong protesters. These are the sorts of risks we run these days trading anything even … read more Trade Update
Trade Alert
Bought 5% of GPRO @ $3.54 Stop @ $1.90 Target @ $9.90 This is a small, highly speculative, longer-term trade. GPRO has a lot of issues, most of which seem to revolve around poor management. It’s current market value is just $500 million, which is incredibly low for a company whose brand is synonymous with an entire market segment. When someone says, “Did you bring your GoPro?” they mean did you bring your little action … read more Trade Alert
Trade Alert
Bought 15% COST @ $291.00 Stop @ $281.39 Target @ $319.90 We’ve been waiting for Costco to get earnings out of the way. They reported solid numbers yesterday, and after coming off of support they’ve rallied through the major moving averages and triggered a buy signal.
Trade Alert
Bought 15% ATVI @ $54.72 Stop @ $52.89 Target @ $62.35 ATVI had a long period of basing around the $46 level before breaking out nicely. It pulled back recently along with the overall market. Today it’s getting a nice buy signal with rising moving averages, as well as breaking through the 20-DMA. The gap fill at $62.35 remains a solid target for this trade.
Trade Alert
Bought 15% TSM @ $47.00 Stop @ $44.97 Target @ $54.90 TSM, after a long uptrend, has been stuck bouncing off of resistance for the past two years. It is breaking out to new highs here, which could be the start of the next leg higher. Good reward-to-risk trade.
Trade Alert
Bought 15% INTC @ $51.10 Stop at $48.97 Target @ $57.23 Markets shook off early morning weakness and there are quite a few individual stocks giving solid buy signals today, while the overall market indexes continue to provide us with a shaky picture. We’ll dip our toes a bit here with INTC for now. There is some resistance to contend with around $53, but beyond that there is a nice gap to fill up to … read more Trade Alert
Trade Alert
Closed all positions. Sold CDE @ $5.88 Sold PAYX @ $81.18 Sold XEL @ $65.23 World markets, and now US markets are all triggering some very strong sell signals right now. We’d prefer to let those resolve themselves with us in a cash position. The Nasdaq is setting up as a perfect head and shoulders pattern. It also triggered a sell signal yesterday, and blew through the 20- and 50-DMAs. It’s certainly possible the markets … read more Trade Alert
Trade Update
CDE has ripped higher the last couple of days, currently up 15% from Friday’s buy. Looks like a pretty solid breakout at this point, but in case the breakout fails we’ll move the stop up here to be sure and lock in a nice profit. (note: yesterday we sold 1/3 at $5.67 and moved the target up to $6.49 on the balance) Move stop on CDE up to $5.59 XEL has outperformed the market the … read more Trade Update
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