Sold GG early at $11.10 (+4.9%) and stopped out of SDOW $15.15 (-2.1%). Dow resistance was lost this morning when the jobs numbers came out very positive. Our concern with GG (gold company) is that the dollar looks like it could very possibly have bottomed yesterday, about a week earlier than expected. That could put pressure on gold.
Bought 20% SDOW @ $15.47 Stop @ $15.15 Target @ $17.90 Stopped out yesterday for a small loss, but chart still showing a nice setup.
Bought 20% SDOW @ $15.64 Stop @ $15.39 Target @ $17.90 The Dow is testing the 200-DMA and downtrend here. We’re going to take a trade shorting it via SDOW with a stop very close. Either this level holds, or it doesn’t. We won’t risk much on the trade to find out.
Bought 5% ACB @ $6.81 Stop @ $6.38 Target @ $10.40 We avoided the big washout last week, and now that the stock has regained the 200-Day we’re going to get back in with a small position. We’re still watching MJ for an entry as well, but it isn’t there yet.
Bought 20% BGR @ $11.56 Stop @ $11.23 Target @ $13.70 Oil was more oversold than its been in 35 years, then it had its initial bounce and pullback. Now we would expect another leg up. BGR is an ETF that pays .078 per month dividend. If we can get a little cushion on our trade, then we can enjoy the income stream while oil works its way higher.
Stopped out of AAPL at unchanged $154.72. Lot of bad earnings reports this morning sending the markets lower.
Apple reports earnings on Tuesday after the market close. With the market set to open a bit lower this morning, we’re going to move the stop on AAPL right up to break-even at $154.72. We had hoped to see it rally a bit more into earnings, leaving us enough cushion to manage the risk of that report, but with the stock only up a couple of dollars it isn’t worth letting it ride. We’re going … read more Trade Update
IBB has not dropped as much as we had hoped it would, and with today’s market strength, there is risk that LABD could drift back to break even. We are going to take profits for now and just watch this sector for a better entry. Sold to close our LABD position at $28.21