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
Having shaped as if it was ready to take out fresh highs just over a week ago, $SWI’s price action has rapidly deteriorated, following through on the previous week’s break lower. It made a couple of attempts to bounce during the week, and Thursday had another high-volume move lower, this time taking out the 200-day, …
Apr 14
Only one change to our portfolio this week, and that was getting stopped on SolarWinds ($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 …
Apr 08
I apologize this post is slightly later than normal, we had problems with our domain host which meant we couldn’t post until now. Last night I posted via StockTwits and Twitter a quick run through of our performance and the positions worthy of comment this week. I shall simply reprise those efforts here, in a …
Mar 30
In this holiday shortened week to end the first quarter, we were reasonably active adding 4 new positions: Cerner ($CERN), and Packaging Corp ($PKG) which we detailed here, as well as Corning ($GLW) here and IBM ($IBM) here. All four are off to a winning start, continuing to show strength as the market moved to all time highs. …
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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