The JBLU (Jetblue Airways) short trade T1 hit shortly before the close yesterday for a 10-13% gain (whether shorted on the first or second entry). Consider booking partial or full profits and/or lowering stops, depending on your trading plan. T3 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.
SPG (Simon Property Group) was added as a short entry on April 30th at a price of 181.79. SPG is now approaching the top of the target zone with the uptrend line not far below. The official sole profit target will now be set at [continue reading…]
BRKB (Berkshire Hathaway Cl. B) triggered a short entry with Friday’s close below both the primary uptrend line & 40 week ema. Targets shown are unadjusted for optimal fills, with the exact suggest BTC levels to follow. This trade is expect to be a multi-week [continue reading…]
Following the recent bearish rising wedge pattern breakdown, the JBLU (Jetblue Airways) short trade has broken down from a bearish pennant continuation pattern today, thereby offering an objective add-on or new short entry. Also note that the actual support levels from the previous chart have [continue reading…]
ACN (Accenture Ltd) will be added as an Active Short Trade idea here on the break below this large rising wedge pattern. Suggested stop over 100.65 offers a 3:1 R/R if targeting T2 (with a lower stop for those only targeting T1).
The HA (Hawaiian Holdings) Active Short Trade & Setup has broken below the uptrend line, thereby triggering the next objective add-on or new short entry. 18.45 remains the sold profit target at this time with a reaction likely around the 22.15 support level.
ESS (Essex Property Trust) offers an objective short entry here following the recent breakdown below this Head & Shoulders topping pattern. T1 at 197.70 is the sole profit target on this trade although one could also opt to book partial or full profits if/when ESS [continue reading…]