Bought 5% (~$2,000 model portfolio) AMZN @ $2128.00 Stop @ $1590.00 Amazon has dropped below its pre-Covid level, and this morning tapped $2050, which is the 2018 high. Back then the company was making about $53 Billion/Qtr, today they are making quite a bit more than twice that amount. We believe as a long-term hold … read more Buy-and-Hold Portfolio Trade Alert
Bought 20% SPY @ $423.47 Stop @ $413.29 Target @ $459.00 Q&A with Powell is going well. Market continues to rally. Total SPY position now 40%.
Bought 20% SPY @ $418.15 Stop @ $404.90 Target @ $459.00 Fed rate hike came out as expected. We plan to buy 40%, but will start with 20% here as we wait for Powell to speak at 2:30. If he doesn’t torpedo the market, we expect that the .5% rate hike will likely be seen … read more Trade Alert
Bought 20% USO @ $78.06 Stop @ $74.35 Target @ $85.90 At $105 / barrel, oil is expensive. But that doesn’t mean it can’t become more expensive. The supply crunch is worsening meaning the fundamentals support a higher price before supply meets demand. We have a fresh buy signal and rising moving averages underneath as … read more Trade Alert
Bought 50% QQQ $321.41 Stop @ $315.98 Target @ $344.00 We have a very clear Double-B chart setup here in the Nasdaq. It’s still entirely possible that the market could sink further, but this setup can’t be ignored. It’s worth a 1% portfolio risk to see if the market selling has tired enough for a … read more Trade Alert
Bought 40% SPY @ $442.32 Stop $434.95 Target @ $460.99 Bought 15% NKE @ $134.74 Stop @ $129.89 Target @ $149.00 The market has rallied all morning, producing a swing low for the first time in quite a while in the S&P. This provides us with a low risk entry. If the market turns back … read more Trade Alert
Move DTE stop up to $135.49 Move DTE target up to $143.90 DTE has continued to climb steadily, basically ignoring what the overall market has been up to. We are up about 10% on this trade currently and see no good reason to step in its way. We’re going to move the stop up pretty … read more Trade Update
Bought 20% XRT @ $78.06 Stop @ $76.85 Target @ $83.56 Retail with a solid Wanderer buy signal this morning. We’re going to make this trade with a very tight stop. Not looking for a huge gain, but instead will try and capture some short-term momentum.
Bought 30% DIA @ $346.92 Stop @ $341.90 Target @ $358.10 Momentum has swung up for the Dow stocks. We’re buying DIA here with a very tight stop back below yesterday’s low. This would also put it back under the moving averages. If the momentum continues we should see at least a test of the … read more Trade Alert