Trade Update
Move T stop up to break-even at $34.78. more info on blog post. Chart still looks good, but in this market environment we’re very hesitant to stick with a breakout that can’t follow through. The low today was $34.90. If that can’t hold we’ll close out at our initial entry of $34.78 for break-even.
Trade Alert
Bought 15% ATVI @ $48.35 Stop @ $$46.79 Target @ $62.35 ATVI is giving us a nice buy signal. This is one we’ve been watching very closely for a few months. It’s spent a year basing along this level. Now that the moving averages are all bunched up it’s breaking out above them again. It’s still quite possible this isn’t THE breakout, but eventually we expect that this stock will rally hard, and with a … read more Trade Alert
Trade Alert
Bought 15% GOOG @ $1188.00 Stop @ $1159.50 Target @ $1266.00 Strong trendline in place, support at the 20-day right now, a gap to fill at $1266.29. This looks like a good level to get into Google. As I type this out the price is $1190. Remember a couple dollars in a stock this expensive is a very small percentage. I’d say anywhere from $1186-1193 is a buy right now.
Trade Update
Move the GLD stop to $140.65 We’ve had a nice run in gold, but it’s showing some signs of weakness here. We’re going to move the stop up to protect profits. If stop does get hit we’d expect gold will fall to the 20-DMA at which point we could watch for a reentry.
Trade Alert
Bought 15% T @ $34.78 Stop @ $33.39 Target @ $38.90 T had a nice breakout this morning of an ascending triangle pattern that has developed over the past year. With the sharply rising Moving Averages this gives us a strong reward-to-risk.
Trade Alert
Sold KO just above break even at $35.14. Overall markets are very weak. Rather wait to see if the markets can get their footing again before being long. We should have some strong setups if/when the market does turn with some strength. Dow is currently down nearly 400 points today. Our gold position continues to rally to new highs.
Trade Update
Move stop on GLD to $138.79 Gold continues to rocket higher out of the breakout. We’ll continue to move the stop up on this while allowing it some breathing room for small pullbacks. Move above $1500 was a significant psychological level to punch through.
Trade Alert
Bought 15% KO @ $53.08 Stop @ $51.35 Target @ $58.80 Markets are still shaky, but are holding key levels of support. KO on Monday filled the gap left behind by earnings, reversed higher off of the 50-DMA, and broke cleanly through the 20-DMA giving us a nice buy signal now.
Trade Update
Moving GLD stop up to $135.90. Major breakout underway, but there are still a lot of moving parts with this trade, so we’ll move stop to be sure not to take a loss on a pullback. Interesting morning on tap in the stock market. After a four-day free-fall and another huge drop early in the overnight futures markets, futures spent the night steadily climbing until this morning we find the market set to gain about … read more Trade Update
Trade Alert
Bought 20% GLD @ $135.76 Stop @ $127.49 Target @ $169.50 Intended as a longer term trade based on a major multi-year breakout. Gold has completed a Head and Shoulder chart pattern breakout which, if it holds, indicates prices will eventually rally back up near the highs. Chart below is of gold, the trade vehicle is GLD.
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