NMO Final Target Hit NMO (Nuveen Muni Opportunity Fund) hit the final target of 12.52 & will be moved to the Completed Trades category. Consider booking partial or full profits and/or raising stops to protect profits for those planning to hold NMO as a longer-term income producing investment. With a current tax-free* distribution [...]
FFC Final Target Hit FFC (F & C Claymore Preferred Securities Income Fund) hit the sole profit target of 18.72 last week & will now be moved to the completed trades category. Consider booking partial or full profits and/or raising stops planning to hold FFC longer-term as a income producing investment.
As mentioned last week, numerous trade ideas have recently hit one or more profit targets. For categorical purposes, static charts are posted as profit targets are hit on the trade ideas on RSOTC. This provides a pictorial history of the trade ideas from trade setup, breakout/entry, and how the stock reacts at each profit target, [...]
Although I wasn't planning on trading much this week, I have booked full or partial profits on numerous positions, including both the aforementioned Growth & Income Trade Ideas as well as GDX and numerous individual gold & silver mining stocks. All in all, I have probably booked profits on at least 2/3rds-3/4th of my total [...]
GDX (Gold Miners ETF) has now hit the top of the second target zone. Consider booking partial or full profits and/or raising stops, depending on your trading plan. I'm working remotely so can't post a static chart although the live chart of GDX can be viewed by clicking here. Profit targets are set at levels [...]
In taking some time off this week, I just noticed that several of the active long Growth & Income Trade Ideas have recently hit an initial and/or final profit target. I have a few things outside of trading to take care this morning but will post updated charts on each of these trades later today [...]
SPY daily Feb 12th I am back in the office today but still preferring to keep things light for now as the near-term direction of the market is just not very clear. Although a longer-term bearish case has been made and I still do favor more downside to come in the following weeks-months, [...]