May 05
We had one addition to our portfolio during the week, entering a long in Adobe Systems ($ADBE) here. We’ve also posted already this weekend some changes for Monday’s open. We will be exiting our long in LinkedIn ($LNKD), and entering four new longs in Michael Kors ($KORS), Broadcom ($BRCM), Celgene ($CELG), and Pier One Imports …
May 05
LinkedIn got hit in Friday’s session after their earnings release and lowered guidance, triggering an exit signal for our long position. Despite the fact many believe they are sandbagging guidance during a period of strong growth, that’s not something we can quantify in our own analysis. Price and trend is all that matters here, and …
Apr 27
There were two more changes to our portfolio this week. We exited Alexion Pharma ($ALXN) which we detailed here, for a final loss of 4.9%, after it opened higher following its earnings report, and after Friday’s close we got stopped in PerkinElmer ($PKI) which we detailed here, and will exit at Monday’s open. We currently have 25 open positions. …
Apr 21
We had a couple of changes to our portfolio this week. We exited our long in SolarWinds ($SWI) at Monday’s open for a loss of 9.3% after last week’s exit signal. During the week we entered long Alexion Pharma ($ALXN), and after Friday’s disappointing earnings got stopped in IBM ($IBM) which will see us exit at Monday’s …
Apr 14
Only one change to our portfolio this week, and that was getting stopped on SolarWinds ($SWI) after Friday’s close, so we will exit at Monday’s open. I’ll write a separate post on it soon. That leaves us with 27 open positions. We have 5 losers, 22 winners. It was a strong week for the market …
Jon Boorman, CMT, is a market technician, analyst, and trader with 25 years experience in global equity, forex, and futures markets. He employs trend following and momentum strategies to generate actionable trade ideas. More....
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