TREND TRADING NO BRAINER TRADING FOR YOUI am scared to buy AAPL at these lofty levels I believe it has reached a bubble stage and is ready for some price correction. Hope I don't have to explain myself. Each buy in this strategy requires a selling. I'm selling Chipotle Mexican Grill(NYSE:CMG), and I'm I'm buying Vanguard REIT (VNQ), SPDR S&P 500 ETF (SPY) and Vanguard Small-Cap ETF (VB) after the trades are completed on Tuesday.
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Tim Horton's (NYSE: THI) ramped up Thursday on news that competitor Dunkin' Brands (NYSE: DNKN) reported upbeat fourth-quarter results. Traders appear to have taken the news as a sign of strength in the retail coffee sector. Tim Horton's will report its fourth-quarter results on February 23rd. Analysts expect a 12.8% increase in revenue, from the year-ago quarter, to $725.8 million; its projected earnings are anticipated to increase a cent from the year-ago period, to $0.63 per share. Shares are currently trading above resistance, marked by the upper Bollinger band. Daily RSI is approaching overbought territory, but not there yet. Daily MACD and Stochastics are both on "buy" signals. I'm so far up about 3% on the trade. My stop-loss of $34.57 and target of $64.77 hold.
National Resource Partners (NYSE: NRP) lost ground over the week. Shares are currently clinging to the lower Bollinger band, which marks support. Daily RSI is below the key 50-juncture and dipping slightly. However, daily Stochastics appears be indicating a tentative "buy" signal. My stop-loss of $23.63 and target of $36.56 remain.
Wal-Mart (NYSE: WMT) closed the week about where it opened, despite somewhat volatile trading activity in between. Shares are currently trading between the 20-day moving average, represented by the middle Bollinger band, and the upper Bollinger band. Daily RSI is above the key 50-juncture, but flat. The big box retailer will report fourth-quarter results on Tuesday, February 21st. Analysts project revenue will increase 6.8% from the year-ago quarter to $116.36 billion. Earnings are expected to rise 8.2% from the year-earlier period to $1.45 per share. So far, I'm up about 9% on the trade. My stop-loss of $60.03 and target of $64.95 hold.
Starbucks (Nasdaq: SBUX) slipped over the course of the week, despite news that, in 2013, it will open 24 new outlets at incoming Target (NYSE: TGT) stores in Canada. Shares are trading between the middle Bollinger band, marked by the 20-day moving average and the upper Bollinger band. Daily RSI has is above the key 50-juncture, but flat. I'm currently up about 9.5% on the trade. My revised stop-loss of $48.23 and revised target of $50.54 hold.
Verizon (NYSE: VZ) moved equally up as it did down over the course of the week. Shares are currently testing the 20-day moving average, represented by the middle Bollinger band. Daily RSI has just eked above the key 50-juncture. Daily MACD is on a "buy" signal. I'm up marginally on the trade. My stop-loss of $35.85 and target of $41.67 remain.
Kimberly-Clark (NYSE: KMB) yo-yoed over the course of the week, within a $0.90 trading range. Shares are currently holding between the lower Bollinger band and the 20-day moving average, represented by the middle Bollinger band. Daily RSI is below the key 50-juncture, but edging up. So far, I'm slightly ahead on the trade. My stop-loss of $66.62 and target of $77.43 hold.
Abbott Labs (NYSE: ABT) edged up over the week. Shares are currently trading well above the middle Bollinger band, but below the upper Bollinger band. Daily RSI is above the key 50-juncture and rising sharply. Daily MACD is on a "buy" signal. My stop-loss of $53.05 and target of $62.50 hold.
Family Dollar Stores (NYSE: FDO) dropped throughout the week, despite news the discount retailer is boosting its quarterly dividend 17%, from $0.18 to $0.21 per share. This is the first dividend increase in almost a year. The payout will be made on April 13th to shareholders on record as of March 5th. The stock is currently trading below the 50-day moving average. Daily RSI has dropped below the key 50-juncture. I'm currently about breakeven on the trade. My stop-loss of $51.03 and target of $64.98 remain.
Whole Foods Market (NASDAQ: WFM) held relatively flat, after shooting up several dollars last week. Shares are currently trading between the middle Bollinger band, marked by the 20-day moving average and the upper Bollinger band. Daily RSI is edging toward overbought territory, at the 70 level, but not quite there. Daily MACD is on a "buy" signal. I'm currently up about 9%. My revised stop-loss of $76.09 and revised target of $90.97 hold.
Green Mountain Coffee Roasters (Nasdaq: GMCR) increased steadily this week, but shares have not yet hit my buy-on-stop order of $73.27, good until Friday, March 16th. As a result, I haven't yet entered the position.
National Resource Partners (NYSE: NRP) lost ground over the week. Shares are currently clinging to the lower Bollinger band, which marks support. Daily RSI is below the key 50-juncture and dipping slightly. However, daily Stochastics appears be indicating a tentative "buy" signal. My stop-loss of $23.63 and target of $36.56 remain.
Wal-Mart (NYSE: WMT) closed the week about where it opened, despite somewhat volatile trading activity in between. Shares are currently trading between the 20-day moving average, represented by the middle Bollinger band, and the upper Bollinger band. Daily RSI is above the key 50-juncture, but flat. The big box retailer will report fourth-quarter results on Tuesday, February 21st. Analysts project revenue will increase 6.8% from the year-ago quarter to $116.36 billion. Earnings are expected to rise 8.2% from the year-earlier period to $1.45 per share. So far, I'm up about 9% on the trade. My stop-loss of $60.03 and target of $64.95 hold.
Starbucks (Nasdaq: SBUX) slipped over the course of the week, despite news that, in 2013, it will open 24 new outlets at incoming Target (NYSE: TGT) stores in Canada. Shares are trading between the middle Bollinger band, marked by the 20-day moving average and the upper Bollinger band. Daily RSI has is above the key 50-juncture, but flat. I'm currently up about 9.5% on the trade. My revised stop-loss of $48.23 and revised target of $50.54 hold.
Verizon (NYSE: VZ) moved equally up as it did down over the course of the week. Shares are currently testing the 20-day moving average, represented by the middle Bollinger band. Daily RSI has just eked above the key 50-juncture. Daily MACD is on a "buy" signal. I'm up marginally on the trade. My stop-loss of $35.85 and target of $41.67 remain.
Kimberly-Clark (NYSE: KMB) yo-yoed over the course of the week, within a $0.90 trading range. Shares are currently holding between the lower Bollinger band and the 20-day moving average, represented by the middle Bollinger band. Daily RSI is below the key 50-juncture, but edging up. So far, I'm slightly ahead on the trade. My stop-loss of $66.62 and target of $77.43 hold.
Abbott Labs (NYSE: ABT) edged up over the week. Shares are currently trading well above the middle Bollinger band, but below the upper Bollinger band. Daily RSI is above the key 50-juncture and rising sharply. Daily MACD is on a "buy" signal. My stop-loss of $53.05 and target of $62.50 hold.
Family Dollar Stores (NYSE: FDO) dropped throughout the week, despite news the discount retailer is boosting its quarterly dividend 17%, from $0.18 to $0.21 per share. This is the first dividend increase in almost a year. The payout will be made on April 13th to shareholders on record as of March 5th. The stock is currently trading below the 50-day moving average. Daily RSI has dropped below the key 50-juncture. I'm currently about breakeven on the trade. My stop-loss of $51.03 and target of $64.98 remain.
Whole Foods Market (NASDAQ: WFM) held relatively flat, after shooting up several dollars last week. Shares are currently trading between the middle Bollinger band, marked by the 20-day moving average and the upper Bollinger band. Daily RSI is edging toward overbought territory, at the 70 level, but not quite there. Daily MACD is on a "buy" signal. I'm currently up about 9%. My revised stop-loss of $76.09 and revised target of $90.97 hold.
Green Mountain Coffee Roasters (Nasdaq: GMCR) increased steadily this week, but shares have not yet hit my buy-on-stop order of $73.27, good until Friday, March 16th. As a result, I haven't yet entered the position.
Happy Investing
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I hope you will learn from my years experience as a professional trader.