Bought 20% QQQ @ $289.73 Stop @ $283.95 Target @ $328.00 We remain extremely cautious in this current market environment. The Nasdaq is showing signs of strength here, though as we’ve seen over the past month or two, these can be very quickly extinguished. However, the reward-to-risk is quite favorable from this level, so we … read more Trade Alert
Bought 10% XME @ $52.26 Stop @ $47.49 Target @ $65.90 After trading sideways for the better part of a year, the metals and mining index XME broke out to the upside and has since pulled back to test its breakout. The breakout coincides with additional support via its 200-DMA. The metals and mining sector … read more Trade Alert
Bought 25% SPY @ $391.71 Stop @ $383.90 Target @ $428.00 It’s a rocky market, but sentiment indicators are reaching extremes that often market short-term bottoms. It’s entirely possible this dips into a lower low and stops us out, but an entry here provides us with a lot of upside potential if the market rallies … read more Trade Alert
Move FB stop up to $196.90 If the market can’t hold these morning lows, we’ll lighten up our exposure a bit by taking a small profit on the FB trade.
Bought 15% EEM @ $41.28 Stop @ $38.79 Target @ $46.99 EEM is an ETF that tracks emerging markets. Emerging markets are very sensitive to changes in the dollar because much of their debt is denominated in USD. Generally a falling dollar is bullish for emerging markets. With the dollar turning lower from major resistance, … read more Trade Alert
Bought 10% GDXJ @ $37.27 Stop @ $34.89 Target @ $45.38 We’ve avoided the precious metals sector for some time now, while we waited for gold to complete the “handle” portion of a cup and handle pattern. That pattern may now be complete. Gold miners are starting to show some relative strength which is a … read more Trade Alert
Buy-and-Hold Portfolio Trade Alert: Bought 5% (~$2,000 model portfolio) URA @ $20.25 Stop @ $17.89 When it comes to the Uranium sector, there aren’t a lot of choices to buy. URA offers diversification within the sector, while still being a pure play on a rally. There will be a need for more Uranium in the … read more Buy-and-Hold Portfolio Trade Alert
Bought 15% FB $194.58 Stop @ $184.29 Target @ $236.50 Bought 15% ORCL @ $71.41 Stop @ $68.69 Target @ $82.95 We’re going to start out with a couple of tech stocks sitting near support and see if this morning’s rally has any legs. If it does, we’ll look to continue filling out positions a … read more Trade Alert