The ROST (Ross Stores Inc) short trade has now hit the second target, T2, for a 7% gain. Consider booking partial or full profits and/or lowering your stops, depending on your trading plan. T3 (89.60) remains the final target at this time.
Active Trades are trade ideas that were previously posted as Trade Setups and have since triggered an entry or occasionally, a trade idea that was first posted directly to the active trades category as offering an objective entry at the time of the initial post. Active Trades might also be listed in one or more of the other trade categories as these categories are not necessarily mutually exclusive. e.g.- An Active Trade that still offers an objective entry might also be categorized under the Trade Setups category. Likewise, an Active Trade with multiple prices targets may have already hit one or more of those initial targets with additional target(s) remaining, thereby falling under both the Active Trades and Completed Categories. Traders should look to make any new entries or add to existing Active Trades objectively, such as a on pullback to a support level during an uptrend or a re-test of a broken trend-line, wedge, or channel pattern.
-+*I came into the day short GDX (Gold Miners ETF) which I just reversed to a long position. GDX is currently trading at a fairly solid horizontal support level while deeply oversold on this 60 minute time frame. A NUGT or GDX long here with [continue reading…]
-+*The MM (Millennial Media) long trade setup has triggered an entry on a break above 1.79 today. T2 remains the final target at this time with suggested stops of 1.71, if only targeting T1 (2.07) & 1.54 if targeting T2 (2.84)
-+*I received a price alert on AXU (Alexco Resource Group). This mining stock has taken out dual-resistance levels today; both the downtrend line as well as the horizontal resistance at 0.45 and looks to provide an objective long entry here. I do have my concerns [continue reading…]
-+*MM (Millennial Media) will trigger a long entry on an intraday break above yesterday’s high of 1.79 (1.80 buy trigger). T2 is the final target at this time with suggested stops of 1.71, if only targeting T1 (2.07) & 1.54 if targeting T2 (2.84). note: [continue reading…]
-+*EA (Electronic Arts) will be added as an aggressive short entry here at the top of the wedge with a more conventional short entry or add-on to come on a break below both the rising wedge pattern AND the minor support level. T1 & T2 [continue reading…]
-+*From the top of the triangle pattern when mentioned on April 28th, SAVE (Spirit Airlines) immediately gave up the ghost, plunging over 16% to to hit the first target for a gain of about 14.5%. Following the expected reaction off that support level, SAVE is [continue reading…]