Bought 10% WMT @ $103.39 Stop @ $101.90 Target @ $109.90 Very tight stop. Looking for a gap and go type move this morning off of solid earnings report.
Bought 20% USLV @ $77.61 Stop @ $75.49 Target @ $83.98 Metals continue to push higher. While gold is making new highs, silver has lagged a bit. We expect it to catch up and run to new 2019 highs soon.
Bought 5% NIO @ $8.21 Stop @ $7.49 Target @ $10.90 We’ve been watching for NIO to breakout of its channel. It did that yesterday, and pulled back a bit this morning with the overall market. We’re going to take a small 5% position on “the Tesla of China” here.
Bought 10% LABD @ $25.15 Stop @ $23.30 Target @ $34.49 With a run this long, the biotech sector is due for a pullback. This morning’s spike higher and then fade lower gave us a 2B top, which is often the indicator we need to confirm a trend reversal. LABD is the 3x inverse etf and will go up as the biotech index drops.
ACB has jumped 21% for us in just a few days, moving up through an important level at $8.12 today. We’re going to move the stop up to $7.74 and will just continue to do that as it climbs. The cannabis sector is volatile, and will continue to see big peaks and troughs.
Sold our BGR @ $11.93 Oil is due for a drop into a cycle low and BGR is likely to follow if it does.