• BXS - Mar 27 201520150327
  • FOE - Feb 05 201520150205
  • GMCR - Feb 05 201520150205
  • HIBB - Sep 08 201420140908
  • HMN - Apr 11 201420140411
  • HSY - Jul 21 201420140721
  • ILMN - Dec 02 201420141202
  • KBE - Jul 21 201420140721
  • KRE - Jul 31 201420140731
  • LOCK - Feb 11 201520150211
  • $NDX - Mar 26 201520150326
  • NVO - Jan 06 201520150106
  • QQQ - Mar 26 201520150326
  • XHB - May 06 201420140506

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.

Mar 272015
BXS daily March 27th

BXS daily March 27th

BXS (Bancorpsouth, Inc) has been an Active Short Trade on the site since triggering an entry on a break below its primary uptrend line all the way back on July 17th. BXS went on to trigger a second short entry/add-on/sell signal just a few days later on an impulsive break below the large head & shoulders topping pattern, moving sharply lower from there until making a near perfect kiss of the second price target (T2) for a 18.1% gain.

From there, the stock immediately reversed but the trade has remained profitable since, recently reversing near the original entry price, and now looks poised for a resumption of a new thrust lower that will likely take BXS to at least the T2 area once again and quite possibly the third & final target at 18.30. While recently backtesting the original entry/breakdown level, BXS printed a clear & potentially powerful divergent high and just recently broke below a minor uptrend line as well.

click to here view the live, annotated daily chart of BXS

BXS will remain an Active Short Trade idea as well as a new Short Trade Setup, offering an objective entry or add-on around current levels, with a suggested stop above 23.70. I plan to update some of the other trade ideas on the site, including a few trades that have already exceeded their suggest stop levels.

Note: stopped-out trades will never be removed from the Active Trades category until an update is made & it has been posted that the trade will be removed. This helps to assure accountability as to prevent losing trades from just "vanishing".

As my priority lies in finding new trade opportunities, updating active trade ideas, and providing the latest market analysis, stopped out trades will often remain listed in the Active Trades category for some time until I get the time to update the older trade ideas, often "batching out" the stopped out or stale trades (i.e.- those that may be profitable but no longer look compelling) in a single update. When using the Trade Ideas on RSOTC, always read the most recent comments associated with each trade. All posts on every trade idea, past or present, can be easily referenced via the symbol tagging system.

 March 27, 2015 12:22 pm  Active Trades - Short, Completed Trades - Short, Short Setups Tagged with:
Mar 262015

-+*Today’s gap on the QQQ has been nearly perfectly backfilled. The backfill of that gap was most likely a magnet for Johnny-come-lately retail traders that missed this initial move down to finally establish a short position. Perfect chance for the institutions to turn on buy-programs [continue reading…]

 March 26, 2015 12:59 pm  Active Trades - Short, Equity Market Analysis Tagged with: ,
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