Janis,
As a long time student of the markets, for ultimate conservation of your working capital – wait til after the Nov election. It’s not just this one every presidential election is a sea anchor for stock market.
Keep your powder dry fight another day
But at same time realize you are in a group with an excellent leader!

Hi Janis,
Here is a candlestick lesson. Now keep in mind there are several hours left in day so a symbol can change as day goes on. Right now in the present the red candle at the bottom is called a hammer. In candlespeak it is said the Hammer hammers out the bottom. Here is a link to a chart so you know what it looks like. http://schrts.co/VaQDao If it works the way it typically does maybe tomorrow, we will see it go up a bit.

Good question. The only time I will raise my stop loss price on a stock is if/when its share price rises above my original target price prior to the end of the target holding period. Thank you.

I just added a ‘Target Price’ column to the Open Trades portfolio table, so you can now see that data on the website. Thank you for the suggestion.

I hear you. There are a lot of major macro factors overhanging this market, not the least of which is the rapidly approaching approaching presidential election and the increasing likelihood that the Fed may raise interest rates in December. For that reason, volatility is particularly high at the moment. But higher volatility can work in both directions, so if our RPM is correct about KORS then we may be out of this position sooner than expected.

As Williwm O’Neil prolific author said the only good stocks are the ones going up

Dog in kennel? Grrr. D.O.G is an acronym for Dedicated Online Gamer. I once worked for a gaming software developer, lost that job years ago when the bubble popped.

Hi Jacques. With regard to your two questions; (1) yes, all currently ‘Open Trades’ positions are in play, except (2) for CALM, as discussed in this recent ‘Forum’ comment: http://www.investingdaily.com/systematic-wealth/forum/29057/use-of-stop-loss-limits-for-open-portfolio-positions/. Thank you.

Jacques, please accept my apology for the delay in starting your subscription. It looks like you got set up the day after I took your order, when I told you it would take place that day. I will be sure to communicate this more clearly to our next members of Systematic Wealth. If I can be helpful in any way moving forward please feel free to reach me at 800-248-6426.

Black Arrow – I appreciate you taking the time to educate our readers on technical trading. Even though our RPM does not use any technical indicators in determining buy and sell signals, it is still helpful for those that like to use them. I have created a new forum on Technical Trading and Charts for general educational purposes, so please feel free to post under that topic any general insights, etc. that are not pertinent to a specific holding. Jim

Hi DLD,
I did not know there was a buyout rumor yesterday. One thing I noticed a few minutes ago is we are getting strong support from the 50 day moving average. Its already rising from the low of 49.34. If there is a buyout, we will be on the good side of that. What I have learned about buyouts is the holders of the company being bt will be in the enviable position.
Last trade was a buy of 300 shares!

Thanks for the info DLD

Other than this update from CNBC (http://www.cnbc.com/2016/10/19/michael-kors-shares-jump-as-ma-chatter-swirls-around-the-company.html), I have not found any substantiation of this rumor. Keep in mind that a company like KORS is constantly being evaluated as a possible M&A target, so the fact that someone may be considering a buyout offer is not surprising. But as we have seen with many other companies, those rumors do not always translate into an actual deal so only time will tell if this rumor turns out to be legitimate.

Hi Janis. KORS is above our buy limit price of $49, so wait to see if it drops below that level to get into it. Sometimes these rumors don’t pan out, in which case it may drop back down to where it was a few days ago.

Hi Janis I have a suggestion for you that can work. You seem to be able to access the stock talk, on October 19 I sent in a chart which gets current info on KORS. Current price on KORS is 49.51, so follow Jims advice on price.

Even though you may be having some internet issues – like I mentioned recently your broker has knowledgeable people who will put the trade in for you [when price is right] and even go thru the steps with you. At the present time the symbol looks like a hanging man which could mean lower prices tomorrow – so don’t rush in today – listen to Jim. There is also a possibility if the symbol stays as high up against yesterdays tomorrow it could go up again. Today is a time to be patient, we never really know what may happen in the future but if it dropped to say the 50 day moving average or lower that would be a good entry.
Hope that helps a bit

I had to update the Kors chart it was getting a bit distorted. Here are my main points: note the Hammer shape with the wording a Hammer is a significant candle. I added an approximate % rise from the top of the hammer to the top of fridays candle, 7.5% is very strong. note the converging green dashed lines this is a pennant formation typically a bullish continuation paternalist friday the 28th was a trendline breakout to the upside. Definition of an uptrend is higher highs and higher lows.

Note the blue signal line in the volume box the vertical bar graph is well above it.
Relative strength Indicator is over 50 a perfect uptrend confirmation.
The Moving avg convergence diverge box is strong.
The PPO price percent oscillator gave out a strong buy signal and below that the medium term pop in pink rose above the black long term this is ideal.
When Chaiken moolah flow is green we know large amounts of buying pressure exist.
Monday is often slow, but Nov 1 fund managers are required to put money to work, the money flow in general is strongest the first week of the month.

Yes. The buyout rumor is interesting, but was not what triggered our buy alert in the first place so our reason for buying KORS up to a price of $49 remains in tact.

Hi Larry,
It seemed astounding to me the number of contracts you mentioned!!!

There is now a name to go along with the buyout rumor (http://www.thefashionlaw.com/home/report-lvmh-in-talks-to-acquire-michael-kors), and apparently somebody with a lot of money believes it based on the huge call options contract made on it (http://finance.yahoo.com/news/huge-call-buying-michael-kors-182820501.html). Even with the recent drop its still trading near our entry price, so I’m willing to wait a little longer to see if anything materializes.

Hi Roger. I am taking a hard look at KORS to determine if we will roll it over for another 3 months or let it expire at the end of this week. From a purely analytical perspective it still scores very highly from our RPM, but it is weak technically so I am going to watch it for a couple more days before making a decision. That said, it is up sharply today (+3.6%) on no news, but someone was buying a lot of it today (perhaps an institutional investor, given the size of the volume around 10:45 this morning?).