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    AKS Swing Trade Update

    AKS (AK Steel Holding Corp) is currently indicated to gap up on earnings today, trading at 9.82 in pre-market right now (or at least when I started to compose this update). That is only 11 cents above the entry price of 9.71 & right around the 9.75 resistance zone. A failure to hold this morning's [...]

    Jan 24, 2017 9:13am|Categories: Active Trades - Short, Short Setups|Tags: |2 Comments

    Stock Market Analysis & Near-term Outlook

    Here's a quick glance at the near-term outlook for the U.S. equity markets on a few of the major index tracking ETFs: Barring this one brief dip below, SPY has traded sideways in a tight range since breaking down below the 60-minute uptrend line with a divergent high in early Dec. While a solid & [...]

    Jan 23, 2017 6:53am|Categories: Equity Market Analysis|Tags: , , , , |1 Comment

    Analysis of Cannabis Stocks (video)

    This video reviews the individual charts of all 36 stock in my Cannabis Watch-list, most of which have been highlighted as trade ideas in previous videos, the trading room or as official trades on the front page. Due to the large number of stocks, this video is unusually long. As such, I've listed the order [...]

    CCE First Price Target Hit for 8% Profit

    The CCE (Coca-Cola Enterprises) Swing Trade + Growth & Income Trade has hit the first target (33.68), printing a high of 33.69 so far today & providing a profit of 7.7% (including the dividend of 0.177 paid on Jan 13th to shareholders of record as of Dec 3oth). Previous & updated daily charts:

    GLD & GDX Pullback Targets & Support Levels

    As predicted in Tuesday's video, the 115.70 formidable resistance level coupled with an over-extended run proved to the stopping point for the rally in GLD. My expectation is for a pullback to any of these 3 support levels (113.95, 113.15 or 112.15) before a resumption of the uptrend. The first chart is a screenshot taken [...]

    Jan 19, 2017 10:57am|Categories: Gold & Commodities|Tags: , , |1 Comment

    AAPL Bearish Rising Wedge Pattern

    AAPL (Apple Inc) is now at the "sweet spot" of this bearish rising wedge pattern where breakdowns typically occur. A break below the wedge would likely bring prices to any or all of these potential target/support levels. Negative divergences confirm the bearish nature of the wedge & warn of a likely impending trend change. 60-minute [...]

    IPI Back-Testing Support, Objective Long Entry

    Another inquiry from member @nj1957 in the trading room was a request for an update on IPI (Intrepid Potash Inc). IPI is back-testing the former T1 level (actual support at 1.80), which is now support. This provides an objective long entry with a stop placed somewhat (5-10%) below. IPI is unofficial trade at this time [...]

    Jan 18, 2017 11:37am|Categories: Gold & Commodities, Unofficial Long Ideas|Tags: |0 Comments
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