Move USO stop up to $88.49 Stop is close, and market is moving very quickly. Either it will find support at today’s low and rally, or this will stop us out for a small profit. Oil dropped hard in the last half hour. Market appears to be pricing in an economic slowdown at this point. … read more Trade Update
Markets are lower again this morning in pre-market. The past few days the bulls have really struggled to press stocks higher, though they’ve also been finding good support when they do drop. The charts are at sort of a tipping point here, with the falling 50-DMA just above, and the rising 20-DMA just below. After … read more Trade Update
Bought 10% FB @ $193.23 Stop $@ $184.89 Target @ $223.00 We made a very similar FB trade earlier in May as it came off this level of support. We managed a small win before it dropped back to test support again. As the market is moving up again, and FB continues to build this … read more Trade Alert
Bought 10% USO @ $87.15 Stop @ $81.98 Target @ $99.90 The fact that the market shrugged off OPEC’s attempt to settle the markets this morning with an output raise makes it seem pretty clear that the oil market is going to struggle for a while with supply issues. If demand remains strong (or possibly … read more Trade Alert
Bought 10% XME @ $54.34 Stop @ $53.79 Target @ $65.90 XME hit our stop at 53.95 this morning as the market was pressed lower early. It looks like the market may have found its footing here again, now, and we still like this trade overall, so we’re going to reenter it here with a … read more Trade Alert
The market has continued to rally nicely all week, but based on its behavior the past few months we want to be sure and continue to move our stops up quickly, and keep them rather tight to preserve as much of our gains as possible. Today we can move all of our current position’s stops … read more Trade Update
Bought $1,000 (model portfolio starting value $20k) RYLD @ $21.30 Bought $2,000 (model portfolio starting value $20k) GNK @ $24.85 We discussed RYLD (in Basecamp) a few months ago when the market was much higher. At these levels we think the underlying investment stands a better chance at appreciating, as well as paying out its … read more Dividend Portfolio Trade Alert
Bought 10% SOXX @ $423.48 Stop @ $402.95 Target @ $469.50 SOXX is a semiconductor ETF. The semi sector has been beaten down in 2022, but that we feel has a lot of upside potential, especially as market conditions continue to favor a high demand, low supply outlook.
Move EEM stop up to $40.29 Move XME stop up to $52.26 Move QQQ stop up to $289.73 GDXJ stop moved yesterday to $39.09 We are tightening stops up quicker than usual, and they are pretty tight, but with the market conditions we’ve had lately, the key right now is to limit exposure to the … read more Trade Update
Two Trades: Bought 10% FDX @ $209.70 Stop @ $203.49 Target @ $233.00 Bought 10% ADBE @ $407.00 Stop @ $388.98 Target @ $467.50 We remain cautiously optimistic that the rally of the last couple of days will see some follow through over the next week or so. As our current positions continue to move … read more Trade Alert