Is the Market “Born to be Wild?’ Today, Granddad Russell 2000 headed “out on the highway, lookin’ for adventure.” With “heavy metal thunder,” IWM retook the 50 daily moving average and the bullish phase. With Gramps astride his tricked out …
***Note: All stops stay the same Watch Today’s Video +++++++++++++++++++++++++++++++++ New Position: Long EXC at 35.81 ATR: .56 Name of Instrument: Exelon Corp. Current Price: 35.70 Reason for Trade: We made money in this stock in 2016. It made my …
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Market Bias: Bullish Longs: GOOGL TDC FBHS Shorts: AXP AEM
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India Fund: Doing the Bollywood Dance I began this week comparing the market’s resurrection to nothing short of a Mexican Hat Dance. Today, I highlight India and particularly the ETF IFN or the India Fund. Since early 2017, IFN has …
***Note: All stops stay the same +++++++++++++++++++++++++++++++++ New Position: Long EXC at 35.81 ATR: .56 Name of Instrument: Exelon Corp. Current Price: 35.93 Reason for Trade: We made money in this stock in 2016. It made my list of top …
Wonder Woman Semiconductors After Monday’s Mexican Hat Dance, today we witnessed the woman who picked up the sombrero and held it high. Not only did she hold it high, using her Amazonian strength, she sent it as a projectile higher. …
***Note: Lower sell stop in EWZ: 35.94 ++++++++++++++++++++++++++++ New Position: Long TWTR at 15.31 ATR: .37 Name of Instrument: Twitter Inc. Current Price: 14.97 Reason for Trade: One of my favorite trades is when we can buy on a new …
The Market Does the Jarabe Dance During a Mexican Hat Dance, a man invites his partner to the dance. She rejects his advances. Yet, as the dance warms up, the man’s persistence wears down the partner’s resistance. The market invited …
***Note: With close to 2 ATRs in profit, raise stop in KORS to break even 36.80 ***Raise trailing stop in IFN: 23.24 ***Raise sell stop in EWZ: 36.07 ++++++++++++++++++++++++++++ New Position: Long TWTR at 15.31 ATR: .37 Name of Instrument: …