We purchased GE, MSFT, and XLE late Thursday. We have quick profits that we will be taking shortly. We think markets rollover again.
Late in the day the markets managed to rally off the lows of the day. On that rally we entered a few long stock positions. We do not have a strong signal to buy, but we wanted to nibble a little. We are expecting a better test of todays low and then will add new positions. #WSMI
Last Thursday we posted on Twitter to liquidate our long positions in SPY, XLE, VNQ, GE, XOM, and MSFT. Our Wyckoff Tools showed us an overbought market and one that was due for some type of pullback. Friday was a day of intense selling and so far today we have the same. Wyckoff Wave is currently trading at 36,269. As Jim O’Brien has been discussing in all of his writings, we have been waiting for …
Our long MSFT position is finally paying off. Stock just opened up $2.30 at a current price of $54.36. This technical pattern was classic Wyckoff. We had a perfect back up to the creek, when the Wyckoff Wave had its January correction. MSFT held up much better and put in an excellent low risk entry. We will update this trade with a video in the near future. $MSFT #investing #WSMI
Stocks are recouping yesterdays sharp losses with a nice advance so far today. We believe yesterday we completed a test of the most recent lows, and will now work higher from here. Metals stocks are surging higher, and we feel like we need to try and buy a pullback in this market. We are long SPY, XLE, VNQ in the Model ETF Portfolio We are long MSFT and GE in the Model Stock Portfolio
Hopefully you are closing following our Twitter feed, as we put on some nice buys this morning!! XOM up over $3 today, MSFT up over $1. We added GE and BA to our long positions as well today. We also added two more different trades in XLE and VNQ each. We came in bullish, and this mornings weakness allowed us some more lower risk entries. Stay tuned!!
Stocks opened higher this morning then quickly reversed lower. There was steady selling all the way to the close. We feel stock market is attractive down here at these levels. We especially like the action in Microsoft (MSFT) which looks like a very nice back up to the creek, and has sharply higher objectives from the Point/Figure chart. We also like Exxon Mobil (XOM) We also like Oil ETF (XLE), and Real Estate ETF (VNQ) Let’s …