Several stocks and trades that I want to discuss briefly in today’s update:
Snapchat – Check out this pattern of recent IPO’s!
I enjoined most of the ride down, sold the second and third third day of trading, closed them yesterday, 20% return. Now a small long position, +6%, stop loss to break even so it’s a riskless trade.
Apple – forming a flag pattern or triangle…a break > 140 or < 138 should show the direction for the next couple of days.
Facebook, still trending inside the rising wedge, a bearish topping pattern.
Keep an eye on the 137.4 and 136.5 to the downside for support levels and 138 resistance for tomorrow.
Trend average is Long > 134.65.
Short < 134.65, stop loss High + 0.01.
Entered short positions too early, -1.2% currently. Thought it produced a bearish candle stick yesterday and was expecting a bit downside today. Did not happen yet. Stop loss 138.37, yesterday’s high.
Tesla, still on a Sell < 260. Only enjoyed a small part of the ride down mid FEB.
This is how I played the sell signal in Gold and Silver 3-5 days ago. Stop Loss to break even now.
Oil on a Sell since early January < 53-55. I entered a first long position though in Royal Dutch Shell this week, -2% today, so not a good start. Not a trade for the short term, is a long term trade as in years, mainly for the dividend of 6% per year. Small position, 1% of assets. Will buy more dividend paying stocks over the next couple of months if I see buy signals. Financials for example.
Financials USA – all on a long signal, but not looking that energetic anymore, 2% downside needed to trigger sell signals. Not something I want to buy now, rather wait for a Higher Low.
And finally the S&P500, still on a Long signal, but a new Sell signal is triggered if there’s a daily close < 2356. I;m a bear for the short term (weeks/months) but a bull for the long term (years into 2020). Flight to private assets.
I still have a 2200 target between now and April-June but so far I have been wrong about the coming correction. Next time, I’ll wait for a sell in candlesticks or trend average, so < 2356.
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The following documentary shows 3 Cycles of Time that have a direct impact on our lives and investment decisions:
- Global Warming and the next Ice Age to come. CO2 will be reduced significantly, same as every cycle has happened so far.
- The bond market will collapse, interest rates will go up and stocks will boom.
- The cycle of wars, approaching the climax near 2020.
Although I saw this documentary for the 1st time today, it perfectly aligns with my view on how we should invest for the next couple of years:
Check out the Documentary here: Documentary “Missing Links – The Cycles of Time”
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