After hitting T2 (yellow uptrend line) on Nov 13th, GMCR (Green Mountain Coffee Roasters) went on to make a counter-trend bounce back to resistance while forming a bearish rising wedge pattern on the 60 minute chart. A solid break or close below the rising wedge pattern will likely be the catalyst for a resumption of the downtrend & move towards T3. As such, GMCR will offer an objective add-on or new short entry with a suggested stop above the 78-80 area, depending on one’s preferred […continue reading]
Completed Trades are trade ideas that have hit one or more of their price targets. Many trade ideas will list multiple targets as some traders might choose to hold some or all of the position for an additional target(s) after the initial target is hit. Therefore, many trade ideas on this site will often appear in both the “Active” and “Completed” categories simultaneously. Trades are removed from the Active Trades Category either upon hitting the final target or if stopped out before then. Once removed from the Active Trades category, these trades and all associated posts will be archived indefinitely in the Completed Trades category for future reference.
In updating the trade ideas today, the following stocks will be removed from the Active Trades category to the Completed Trades category in order to focus on the most attractive opportunities at this time. Many of these trades have already hit a profit target or remain profitable at this time while a few are slightly underwater at this time. HOV- Although this trade is still profitable and may very well continue lower to hit one or both of its price targets, HOV has been locked […continue reading]
The original short entry on GS (Goldman Sachs Group) was posted on Sept 24th while GS was backtesting the recently broken large bearish rising wedge pattern (orange) as show in the first (previous) chart below. Note how GS has been stair-stepping higher with the white minor uptrend lines with clearly diminishing momentum on each new minor uptrend. The next short entry or add-on will come on a break below this most recent uptrend line. Click here to view the live, annotated chart of GS.
There are a numerous attractive short setups forming in the investment brokerage sector. ETFC (E-Trade Financial Corp) will trigger a short entry on a break or daily close (for those preferring additional confirmation in order to reduce the odds of shorting a false breakdown). ETFC does have the potential for a longer-term swing short trade if we get a bearish cross of the 20 ema below the 50 ema. By my best guesstimation, I would say that bearish trend change signal would come around the […continue reading]