Your Portfolio Update and Trade Recap

Today, let’s take an in-depth look at our recent trade in Lowe’s Companies Inc. (NYSE: LOW).

This trade met all four lines of our Peak Velocity Trader code, and the company’s fundamentals strongly support a coming uptrend. So if you haven’t had a chance to read my full analysis, click here to access the briefing.

I understand that some of you may not have been able to enter this trade quite yet. Soon after I made the recommendation, Lowe’s stock climbed — pushing the calls to the end of my buy range. And that can be frustrating. I also get frustrated if I can’t execute a trade immediately.

But our patience tends to pay off.

These quick movements have a habit of briefly pulling back in the following days. Then those of you who placed a Good ‘Til Canceled limit order will be filled.

I’ve seen that happen for some of you already.

As one reader, Agnes F., wrote me today: “I was disappointed that the price at the time the recommendation was received was already out of range. I did put in my order at the recommended price, and this morning it was filled. Good advice.”

Well done, Agnes, and thank you for keeping me updated on your progress.

With that in mind, let’s analyze Lowe’s movement in today’s webinar. I’ll use a one-minute chart to follow the price action so you can see what happened. I’ll also update you on the rest of our positions — particularly Fortive Corporation (NYSE: FTV), which we’ll be exiting before the end of next week. Please watch for that trade alert.

Now let’s turn to your update:

(Click here to view the webinar.)

For those who want to view the PDF file, click here.

Once you’re done viewing this webinar, please feel free to let me know what you thought. Did you find this update informative? Do you have any more questions about the portfolio? You can send me your feedback at peakvelocity@banyanhill.com.

Your Feedback Has Been Great

At the end of yesterday’s alert, I did something a little different…

I realize I can get a little technical in my explanations and chart designs, so I turned things over to you. I asked if you had any advice on how to make my charts more user-friendly, and you sent over some great feedback.

A big thank-you for taking the time to write these notes to me. I understand it takes a few minutes out of your day, and I appreciate every second you spend on helping me continuously improve Peak Velocity Trader.

Here’s just a sampling of the responses I got:

Mike M. writes: I really like the chart you created to share your buy alerts. Being new, they are very specific as to what is needed on my end. The only suggestion: In the “sell half” section at the bottom, it might be helpful to provide an example in the “Limit Price” cell. Thanks so much and keep it up … I learn a lot through your updates.

Jeff B. writes: I like that the chart shows the current and historical trends. I think the one thing that would help is to add small balloon tags that simply say “Rule 1″… “Rule 4.” Thanks again for the way you communicate. I truly appreciate the detail you provide and love your weekly updates. I learn something from each one and that is more valuable to me than what trade is currently in play. This makes your newsletter better than any of the others — you are teaching us to fish even if we don’t know it. I love it.

Michal M.: It is great to work with you, Michael. Thank you for all you do in educating subscribers about trading and the markets. I’m learning a lot! Regarding your request, in general I like your chart. But for me … I could not read the chart line descriptions. They are very small.

Thanks again for the kind words and feedback. I plan to take your emails into consideration in future alerts. Remember, if you ever want to share your thoughts, or just say hi, you can always reach me at peakvelocity@banyanhill.com.

Regards,

Michael Carr, CMT
Editor, Peak Velocity Trader