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Right Side of the Chart

...because anything to the left is history
  
  • ALK - Jan 11 201620160111
  • BRKB - Aug 25 201520150825
  • FL - Nov 13 201520151113
  • PFE - Nov 06 201220121106
  • POT - Feb 01 201620160201
  • TSM - Nov 12 201520151112


All Active Trades

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.

Feb 012016
 

The POT (Potash Corp) Growth & Income Active Trade exhibited some fairly bullish price action following what appears to be a capitulation sell-off on Monday as a result of an earnings miss & dividend cut last week. Stops remain on a weekly close below 14.90.

POT stock chart

POT Jan 29th close

 

After a brief intra-week break below long-term support, POT managed to print a potential bullish reversal hammer candlestick back above support. Should POT move higher in the coming weeks, that would add to the case for a likely trend reversal in the stock although for now, the stock remains in a precarious technical position just above key support. I've also copied & pasted some of the updates/replies to questions on POT that I made in the Trading Room last week in response to the sharp selloff the stock experienced last Monday. (comments pasted below weekly chart).

POT weekly Jan 29th close

POT weekly Jan 29th close

cheri- FWIW, I’m still holding POT in a couple of long-term accounts (IRAs). My preferred target is T3 so I’m sticking with suggested stop of a weekly close below 14.90. Apparently, the stock is trading down on fear of a dividend cut. The big question is was most of that potential dividend reduction already priced into the stock or not? If so, I’d expect the stock to snap-back by the end of the week (very likely marking an end to the downtrend) and if not, I’ll let it go if it is poised to close below 14.90 on Friday.

Right Side Of The Chart posted an update in the group Group logo of Dividend & Income InvestingDividend & Income Investing 3 days, 23 hours ago

POT poised to open lower on earnings miss/dividend cut, given the stock two trading sessions (thru Friday) to close back above 14.90. Last trade in pre-market was 14.55. If the miss & dividend cut was already priced into the stock, the smart money will likely step in & start buying (sell the rumor, buy the news). If it fails to close above 14.90 this week, POT will be removed from the Active Trades category. (end Trading Room Comments)

Bottom line is the fact that the buyers were able to step in and reverse all of the losses and then some, following the earnings miss & dividend cut, indicates that the worst of the news may already be factored into Potash Corp. The sharp selloff last Monday which briefly took the stock below key long-term support as well as new low of nearly 9-years was also on very high volume, which could indicate a selling climax.

Jan 132016
 

With an a current dividend yield of 9.7% and the potential for considerable capital appreciation, POT (Potash Corp.) will be added as a Active Growth & Income Trade idea at current levels. Several near-term price targets are provided for typical swing traders while my current [continue reading…]

Jan 072016
 

Despite plunging oil prices, the airline sector topped nearly a year ago & would appear to be headed much lower in the coming months, especially if/when oil prices start to rise. This 10-year weekly chart of the $XAL (Amex Airline Index) shows that after a [continue reading…]

 January 7, 2016 1:08 pm  Active Trades - Short, Completed Trades - Short, Short Setups Tagged with:  Comments Off on ALK Short Trade Setup, Airline Sector in Confirmed Bear Market
Nov 132015
 

The FL (Foot Locker) Active Short Trade has now hit the first target for a gain of 11.8% in just over 2 weeks from entry. Consider booking partial or full profits and/or lowering stops, depending on your trading plan. Trading Tip: Yesterday in the Trading [continue reading…]

 November 13, 2015 10:15 am  Active Trades - Short, Completed Trades - Short, Trading Tips Tagged with:  Comments Off on FL First Price Target Hit for 12% Gain, Trailing Stops
Oct 292015
 

FL (Foot Locker Inc) offers an objective short entry on this backtest of the uptrend line generated off the November 2013 lows following the recent breakdown. T1 is 59.30 & T2 is 51.60 with a suggested stop on a daily close above 71.60.

 October 29, 2015 10:56 am  Active Trades - Short, Completed Trades - Short Tagged with:  Comments Off on Shorting FL