Wanderer Financial Stock Trading Newsletter Trade Alert

Trade Alert

Bought 20% size SPXL @ $48.73 Stop @ $47.79 Target @ $53.90 Stock market index charts are bullish. We expect the SPX will continue its breakout above the recent highs and move towards the all-time-high. If however, it falls back down below today’s low, it would indicate a turn in the trend. Solid risk/reward here.

Wanderer Financial Stock Trading Newsletter Trade Alert

Trade Alert

Last night, gold dropped just below its previous Intermediate cycle low before bouncing back above its uptrend line. We are going to re-enter half of our JNUG position here at $13.50, and if the low holds, look to add to the position next week. Bought 10% size JNUG @ $13.50 Stop @ $12.70 Target @[…]

Trade Update

After breaking above its major moving averages, the gold stock mining index XAU has been unable to hold onto its gains, and today broke back below support. Given the multiple false bottoms we’ve experienced, we are going to ensure that we lock in some profit on our JNUG trade by moving the stop up to[…]

Wanderer Financial Stock Trading Newsletter Trade Alert

Trade Alert

Last night, gold came within $1.36 of its previous Intermediate Cycle low. This coincides with trend line support going all the way back to December of 2015. Today, it managed to trade above yesterday’s high, and the gold mining stocks are leading the way higher. It is possible that gold could still run the stops[…]

Wanderer Financial Stock Trading Newsletter Trade Alert

Trade Alert

Sold the last half of GE @ $13.90. The market dropped hard yesterday and is down again today. GE has fought the falling tide well so far, but eventually it’s bound to get dragged down with the overall market. So we’ll close this out and keep an eye on it for a lower entry again[…]

Wanderer Financial Stock Trading Newsletter Trade Alert

Trade Alert

While GE has been performing well for us, it is not immune to the overall market sentiment. The markets are in a vulnerable position here, with the DOW back below its 200 DMA—it had been two years since it closed below the 200-day, now it’s looking like it may do so for the third day[…]