May 23
We got an exit signal in $NKE tonight which we’ll execute at Friday’s open. This is another one where longer-term it still looks good, so we’ll keep an eye on it should it set up for us again, but on an intermediate-term basis it’s invalidated the risk-reward we had on our entry, having broken below …
May 18
Something different this week. Rather than choose a select few winners and losers with commentary I’m just going to show the charts for every single position, without commentary, because I’m not sure I really need to add anything to them. The vast majority are in strong uptrends, rising on increased volume, and you can see …
May 11
We had several changes to our portfolio this week, exiting longs in LinkedIn ($LNKD), Aruba Networks ($ARUN), Dominion ($D), Wisconsin ($WEC), and entering new longs in Michael Kors ($KORS), Broadcom ($BRCM), Celgene ($CELG), Pier 1 Imports ($PIR), Goldman ($GS), McCormick ($MKC). This weekend we’ll also post details on 3 additional long entries for Monday’s open …
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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