Trade Alert
TMF opened above our target of $18.40. Per our update last night, we are selling half at the open.
Trade Update
TMF came within 17 cents of our target price of $18.40 today. So let’s have a quick look now and decide what our exit strategy should be. That blue line is the 50-day Moving Average and has proven to be an area of some resistance to TLT in the recent past. This is what caused us to set our stop where we did in the first place, and our opinion on that really hasn’t changed. … read more Trade Update
Trade Alert
Bought 40% TMF at $17.23 Stop, $16.92, target $18.40. Note the similarity of the two rectangles in the chart of TLT below. We are either at the bottom, or we will get stopped out with a very small loss.
Trade Alert
We are entering the timing band for a cycle high. Sold half of our JNUG at $15.79. We will cover this in the weekend report.
Trade Alert
Sold WMT to close at $88.28 WMT stock didn’t react well to the market strength, and now with the market timing due for a drop into a cycle low we don’t want to stick around to see how it will react to market weakness. Overall, the chart hasn’t broken down, but we think we’ll find better opportunities once the DCL is made.
Trade Alert
US Treasury Yields are coming off strong levels of resistance. The 30-year long bond has so far been unable to sustain a break above the resistance line shown on the chart. Bought 30% size of TMF @ $17.70 Stop @ $16.97 Target @ $20.40
Trade Alert
Bought 40% size of TQQQ at $143.91 Stop @ $142.48 Target @ $156.98 While we have been watching for the DOW to reach its 20DMA and provide a trade, the Nasdaq reached its 20DMA, and is down 4 days in a row. If the half-cycle low is going to be mild, as it should be during a rally, the low should be close. We will use $142.48 as our stop, which is a break below … read more Trade Alert
Trade Alert
We were stopped out of UDOW on the open today at $85.55, but overall we are still bullish here. Wal-Mart provides us an interesting level for a trade. It’s holding above a long-term trendline and rallying this morning above the 20-day MA. There is still some resistance up above, but the way it has moved along the bottom these past few weeks makes us confident that we’ve got good support below us as well. Keep … read more Trade Alert
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