• ACN - Jun 05 201520150605
  • ALGT - Apr 29 201520150429
  • ALK - Apr 29 201520150429
  • AVGO - Jul 10 201520150710
  • BLOX - Jul 27 201520150727
  • BRKB - Jun 09 201520150609
  • FAS - Jul 24 201520150724
  • FB - Jul 15 201520150715
  • FNHC - Jul 28 201520150728
  • HA - Jun 04 201520150604
  • HSY - Jul 21 201420140721
  • ILMN - Dec 02 201420141202
  • INTC - Jul 29 201520150729
  • JBLU - Jun 10 201520150610
  • NBIX - Jul 27 201520150727
  • ROST - May 26 201520150526
  • SAVE - May 08 201520150508
  • WFC - Jul 14 201520150714
  • XLF - Jul 24 201520150724


Active Trades – Short

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.

Jul 292015
 

INTC (Intel Corp) offers an objective short entry here on the backtest of the neckline of this head & shoulders topping pattern. This H&S pattern on INTC was discussed in the July 23rd semiconductor sector video along with SMH (Semiconductor ETF). Since that video, SMH went on to break down below its primary uptrend line and is currently backtesting it from below just as INTC is backtesting the neckline from below.

INTC daily July 29th

INTC daily July 29th

 

The daily chart below shows the recent breakdown & current backtest of the primary uptrend line in SMH while as this 10-year weekly chart shows, SMH is currently poised to print the first weekly close below the 2008-2015 bull market uptrend line unless the semis can rally from here & into the close tomorrow. As discussed in the recent video, a confirmed breakdown of the semiconductor sector would greatly increase the odds of the active semiconductor short trades, INTC & AVGO, reaching their profit target(s).

 July 29, 2015 11:57 am  Active Trades - Short, Short Setups Tagged with:
Jul 272015
 

NBIX (Neurocrine Biosciences) offers an objective short entry on this breakdown below the rising wedge pattern. As such, NBIX will be added as an Active Short Trade around current levles. Horizontal lines mark potential targets with suggested stops & targets to follow soon. On a [continue reading…]

 July 27, 2015 10:22 am  Active Trades - Short, Short Setups Tagged with:
Jul 152015
 

I realized that I stated the stops on FB as any move above yesterday’s highs and so technically (for tracking purposes), the trade posted yesterday will be considered stopped out for a very modest loss. Despite that fact that yesterday’s highs were taken out by [continue reading…]

 July 15, 2015 2:34 pm  Active Trades - Short, Short Setups Tagged with:
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