Trade Update
We are moving the stop up again on our SLB trade. New stop is $38.95. So far we’ve caught a nice move up in oil itself. We could see some resistance at this level, and possibly a pullback. If so, we’ll want to lock in gains in SLB. It is still quite possible that oversupply issues are being worked through, and OPEC will follow through on more production cuts. If they do, that should help … read more Trade Update
Trade Update
SLB. Moving the stop up to $35.60, a bit above break even. Stock moving up nicely today along with a corresponding rally in oil. We’ll move the stop up to this point for now, and continue moving it higher as the trade progresses. JDST was short-lived. It was a major price level which provided strong reward-to-risk for minimal cost to us.You can see that GDXJ had bounced lower off of this level a number of … read more Trade Update
Trade Alert
Bought 10% JDST @ $50.90 Stop @ $49.48 Target @ $61.60 GDXJ, junior miners, are right at significant overhead resistance. We’re going to take a small trade using JDST (inverse etf of GDXJ meaning if GDXJ goes down, JDST goes up) with a very tight stop. If the resistance doesn’t hold we’ll be out quickly for a very small loss. With the Dollar (DXY) putting in a big upside day we expect gold should head … read more Trade Alert
Trade Alert
Bought 20% SLB @ 35.41 Stop @ $34.47 Target @ $44.60 SLB is sitting at lows not seen since 2009. It gave us a 2B low the other day with a bottom at $35.00. It’s certainly possible that this support won’t hold, but with oil at $45 levels this trade has a solid reward-to-risk ratio from here. If oil rallies, SLB will rally. If the stock market rallies, SLB should rally. Additionally, the stock has … read more Trade Alert
Trade Alert
Bought 20% DGLD @ $50.60 Stop @ $48.89 Target @ $55.90 We are now late in the third daily cycle, the Fed announced an interest rate hike, and gold reversed at its 200-DMA.
Trade Update
Good morning. Over the weekend some apparently good news regarding our trade war with China came out of the meetings at the G-20. Markets are set to open significantly higher based on the news. QQQ is showing a price of around $173.50, which is $2 above our current target. It’s possible this G-20 news will propel the market into a sustained run here so we are going to cancel the current target and move it … read more Trade Update
- « Previous Page
- 1
- …
- 74
- 75
- 76
- 77
- 78
- …
- 98
- Next Page »