LOW stop to $106.90 LOW showing a little lower in pre-market. We’re going to move the stop up again on this one to $106.90. A bit below yesterday’s low. Not really liking the looks of this finding resistance here at the gap fill. It already hit the original target we had, so if it can’t follow through higher from here then we’ll just close it out.
Bought 10% FDX @ $167.87 Stop @ $161.90 Target $185.95 FedEx put in a perfect bullish 2B low in June and now is popping through the 20- and 50-DMA triggering a buy signal. Stock has a lot of upside potential. We are targeting the 200-DMA for now with a stop back below the 20-DMA.
This weekend we moved the stop on FXC.. We’re going to move a couple more up this morning. FXC stop to $75.06 QQQ stop to $190.79 CDE stop to $4.27 UCO stop to $19.49
Moving both LOW stop and target Target @ $111.70 Stop @ $105.35 LOW is quickly approaching our original target. We’re going to move that up for now. With the bullish news from the tropical storm in the Gulf we could see it power right through the gap fill resistance. We’re going to move the stop up as well. We’ll continue watching this closely at this gap fill level of $107.62 for signs either way.
Bought 30% QQQ @ $193.00 Stop @ $189.95 Target @ $204.90 The major indexes have all broken out higher. Not very decisively just yet, but a breakout nonetheless.
EBAY is still moving sideways. We’re up slightly on this trade, but with earnings coming up in one week we’re goint to go ahead and move the stop up to break-even at $39.57. If this doesn’t manage to rally a bit more before earnings we’ll likely close the trade early.
Bought 10% CDE @ $4.42 Stop @ $4.12 Target @ $5.69 Gold bounced nicely off of its 20-DMA and at the same time CDE completed a cup and handle chart pattern and broke above the 200-DMA. Everything points to bullishness here.
Bought 10% UCO @ $20.25 Stop @ $19.19 Target @ $23.90 Oil has broken out above strong resistance levels, through the downtrend and the moving averages.