What's on the docket for today? A trade alert, A couple potential opportunities on the horizon, And a quick check on our XLE recommendation. Let's get into it. KBR Inc (KBR) weekly Price just cleared resistance (green horizontal line) which is now support and is approaching higher resistance (two yellow lines). A good three year base from 2015 through 2017 should provide a good foundation to continue higher. Next hurdle is clearing $24. I'm rating this a buy. HAL an … [Read more...]
[Trade alerts] Stay Long My Friends
It appears that a bunch of people had "buying stocks" on their New Years Resolution list. Stock indexes are getting bid up everywhere you look...mostly. Check out the daily chart of SPY, an ETF for the 500 stocks in the S&P500 index. S&P500 Index ETF (SPY) daily You don't have to be a "chart guy" to appreciate the upwards slope of price action from September...up 12%...in four months. What's not to like? Well, Pandora (P) still sucks. I recommended Express Scripts H … [Read more...]
[Trade Alerts] Inflation Trade?
The Dow closed Friday up 220 points. The world closed up big on Friday as well. Most everything but General Electric (GE) seems to be on fire. General Electric (GE) weekly This GE chart is about as ugly as they get. Well, Pandora (P) might be uglier. I guess not everything is going up. Shhh...do you see where they broke primary support? You know...the upwards sloping white trend lines...fancy that, they went straight to hell in a hand basket right after the breach. Pandora (P) … [Read more...]
Open Position Review
2017 was a very good year. We re-deployed early in the year to get long Europe, International, Asia, India, Emerging Markets and Mexico. We added to our long term positions in SPY, QQQ and XLK. We also had exposure to health care, financials and social media. In addition, we did well with individual stock purchases across multiple sectors. SPDR's S&P500 Trust Series ETF (SPY) weekly Continue to hold all open SPY positions. Trend line is running about 14% annualized. All is well as … [Read more...]
A Quiet Week
I expect the remainder of this week to be quiet with low volatility. Continue to hold all open positions. If anything looks interesting I will send out an alert. Happy New Year, Don … [Read more...]
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