IAG has now hit the first target (6.25) for a 6.9% gain from the entry yesterday. Consider booking partial or full profits and/or raising stops, depending on your trading plan. One alternative to taking profits here is to set a relatively tight trailing stop-loss order just below IAG. Therefore, if the stock continues to move [...]
Just an admin note that I will be on the road all day tomorrow from about 9am ET until well after the closing bell. Therefore, I will not be able to post any updates or see the look on the faces of the CNBS cheerleading squad when the market gets pounded tomorrow. My current preference [...]
The recently posted GG long setup has triggered an entry on the break above the bullish falling wedge pattern today. Target levels have been added along with two suggested stop levels, depending on one's preferred target and/or stop allowance preference.
The SSRI long setup has triggered today on a break above the previously posted descending channel. Price target levels and a suggested stop have been added to this updated 60 minute chart.
I feel compelled to reiterate the fact that, at least in my opinion, the risks to sudden and sharp decline in the broad market is elevated at this time. I also wanted to make clear why it is then, that I continue to post and even personally trade both long and short side trades. At [...]