October 4, 2017
I have been taking it slow with the market lately, but today I bought TSLA at 356.90 with a stop set near 335.00 area. The auto sector has been performing very well and TSLA has been lagging behind after very strong performance this past year. I believe we will see TSLA pick back up and make a bullish move soon – but we shall see!
September 12, 2017
Today I picked up RCII because I like where it is bouncing near short term support. I purchased RCII at 12.20 and have set a tight stop at around 12.00 area. Here’s the chart:
September 4, 2017
I have added several new tickers to my watchlist. I am monitoring ADSK for an entry, but I will be very cautious this week with a lot of talk coming from political figures around the world with the North Korea situation. Who’s to say this will escalate or not, but I will scale down potential risk and only take positions I am confident in. Please see the charts below with my game plan for next week. A few excellent buying opportunities out there if the price allows an entry.
August 29, 2017
Strong move my gold after recent pullback in the markets, speculating this is due to the recent N. Korean missile launch over Japan. Any rhetoric by the President can affect this market during a situation like this so advise caution in this market by ensuring stops are set and capital is scaled appropriately to manage risk. Purchase $IAU yesterday before the market closed, but it is a small position that I am looking to add to today if I find a good entry point.
August 28, 2017
Still watching the stocks posted over this weekend, but wanted to post a few charts for gold since it is at a critical point. Gold is now over 1300 and whether it stays or drops below this level will help determine whether to go long or short at the 1300 level. It is the 3rd time for it to touch this level in the past 6 months. If it drops below this level again there is an opportunity to sell short, if it holds above then there is an opportunity to go long with a stop set at the same area for either trade.
GOLD (/GCZ17) DAILY
August 27, 2017
Updated charts for NFLX, IBB, ADSK, and GOOGL
August 25, 2017
I like NFLX with a stop set right below support at 165 area.