• $SPX-SPY - Dec 18 201420141218
  • $RUT-IWM - Dec 18 201420141218
  • $GOLD - Dec 17 201420141217
  • GLD - Dec 17 201420141217
  • SLV - Dec 16 201420141216
  • $SILVER - Dec 16 201420141216
  • SIL - Dec 09 201420141209
  • WAB - Dec 08 201420141208
  • SAVE - Dec 08 201420141208
  • PACW - Dec 08 201420141208
  • OZRK - Dec 08 201420141208
  • LYV - Dec 08 201420141208
  • KIE - Dec 08 201420141208
  • IWM - Dec 08 201420141208
  • FRC - Dec 08 201420141208
  • FISV - Dec 08 201420141208
  • FFIN - Dec 08 201420141208
  • EVR - Dec 08 201420141208
  • BXS - Dec 08 201420141208
  • BC - Dec 08 201420141208
  • AVGO - Dec 08 201420141208
  • AON - Dec 08 201420141208
  • GMCR - Dec 01 201420141201
  • KOL - Nov 19 201420141119
  • GDX - Nov 19 201420141119
  • SOYB - Nov 17 201420141117
  • CORN - Nov 17 201420141117
  • ANR - Nov 17 201420141117
  • WLT - Nov 05 201420141105
  • WEAT - Nov 03 201420141103
  • LL - Oct 22 201420141022
  • NRP - Oct 20 201420141020
  • BTU - Oct 20 201420141020
  • ACI - Oct 20 201420141020
  • PNC - Oct 16 201420141016
  • KATE - Oct 16 201420141016
  • AXP - Oct 16 201420141016
  • AA - Oct 16 201420141016
  • VHI - Oct 10 201420141010
  • TJX - Oct 10 201420141010
  • TASR - Oct 10 201420141010
  • PWE - Oct 10 201420141010
  • NSL - Oct 10 201420141010
  • NLY - Oct 10 201420141010
  • LNKD - Oct 10 201420141010
  • HSNI - Oct 10 201420141010
  • HAIN - Oct 10 201420141010
  • GS - Oct 10 201420141010
  • COST - Oct 10 201420141010
  • BWS - Oct 10 201420141010
  • MCP - Oct 08 201420141008
  • ALK - Oct 01 201420141001
  • HIBB - Sep 08 201420140908
  • X - Sep 04 201420140904
  • NEM - Aug 29 201420140829
  • AUY - Aug 12 201420140812
  • SSRI - Jul 30 201420140730
  • PAAS - Jul 30 201420140730
  • KGC - Jul 30 201420140730
  • HMY - Jul 30 201420140730
  • HL - Jul 30 201420140730
  • EGO - Jul 30 201420140730
  • AUQ - Jul 30 201420140730
  • AEM - Jul 30 201420140730
  • CSGP - Jul 24 201420140724
  • TNK - Jul 17 201420140717
  • QLGC - Jul 17 201420140717
  • OSTK - Jul 17 201420140717
  • CAS - Jul 17 201420140717
  • Z - Jul 09 201420140709
  • YUM - Jul 09 201420140709
  • YELP - Jul 09 201420140709
  • XOM - Jul 09 201420140709
  • WFC - Jul 09 201420140709
  • TAN - Jul 09 201420140709
  • SYNA - Jul 09 201420140709
  • SUSS - Jul 09 201420140709
  • SSI - Jul 09 201420140709
  • SPB - Jul 09 201420140709
  • SNDK - Jul 09 201420140709
  • RAD - Jul 09 201420140709
  • PRAA - Jul 09 201420140709
  • PAA - Jul 09 201420140709
  • ORLY - Jul 09 201420140709
  • NTRS - Jul 09 201420140709
  • NFLX - Jul 09 201420140709
  • MU - Jul 09 201420140709
  • MRK - Jul 09 201420140709
  • MIC - Jul 09 201420140709
  • MFC - Jul 09 201420140709
  • LUV - Jul 09 201420140709
  • HON - Jul 09 201420140709
  • GTAT - Jul 09 201420140709
  • GRA - Jul 09 201420140709
  • FCH - Jul 09 201420140709
  • ABG - Jul 09 201420140709
  • GPL - Jun 23 201420140623
  • ALIAF - Jun 13 201420140613
  • GOOG - May 27 201420140527
  • ODP - May 20 201420140520
  • TRX - May 16 201420140516
  • VPRT - Apr 30 201420140430
  • POWI - Apr 30 201420140430
  • HIMX - Apr 30 201420140430
  • P - Apr 28 201420140428
  • QIHU - Apr 07 201420140407
  • SIRI - Mar 25 201420140325
  • GIS - Mar 25 201420140325
  • ETFC - Mar 25 201420140325
  • CVS - Mar 25 201420140325
  • CMG - Mar 25 201420140325
  • CBOE - Mar 25 201420140325
  • AMTD - Mar 25 201420140325
  • ZNGA - Mar 20 201420140320
  • TOPS - Mar 20 201420140320
  • CLF - Mar 20 201420140320
  • SINA - Mar 06 201420140306
  • ANV - Mar 05 201420140305
  • ANH - Mar 03 201420140303
  • JO - Feb 24 201420140224
  • $COFFEE - Feb 24 201420140224
  • NMO - Feb 18 201420140218
  • JPI - Feb 18 201420140218
  • FFC - Feb 18 201420140218
  • AGNC - Feb 14 201420140214
  • SBUX - Feb 04 201420140204
  • CME - Feb 04 201420140204
  • F - Feb 03 201420140203
  • SPLK - Jan 21 201420140121
  • HTZ - Jan 21 201420140121
  • HLF - Jan 21 201420140121
  • HIG - Jan 21 201420140121
  • FB - Jan 21 201420140121
  • CYH - Jan 21 201420140121
  • BBY - Jan 16 201420140116
  • CSIQ - Jan 10 201420140110
  • YZC - Jan 06 201420140106
  • RNO - Jan 03 201420140103
  • GCAP - Jan 03 201420140103


Completed Trades

Completed Trades are trade ideas that have hit one or more of their price targets. Many trade ideas will list multiple targets as some traders might choose to hold some or all of the position for an additional target(s) after the initial target is hit. Therefore, many trade ideas on this site will often appear in both the “Active” and “Completed” categories simultaneously. Trades are removed from the Active Trades Category either upon hitting the final target or if stopped out before then. Once removed from the Active Trades category, these trades and all associated posts will be archived indefinitely in the Completed Trades category for future reference.

Dec 082014
 

In updating the trade ideas today, the following Short Trade Ideas have either hit their final profit target, were stopped out as per the previously suggested stop criteria (SOAPSC) or no longer look attractive from a risk/reward perspective. Some of these stopped out short trades hit one or more profit targets before reversing & exceeding their suggested stop while others failed to reach any downside profit target. As always, all completed trade ideas on RSOTC are archived indefinitely under the Completed Trades category for future reference.

AON: Dropped 10% following the short entry before reversing just shy of the T1, the sole profit target, and exceeding the suggested stop level or 90.50.

ALK: SOAPSC

AVGO: SOAPSC

BC: Came within 31 cents at T1 on Oct 16th before reversing & exceeding any reasonable stop (none suggested).

BXS: Hit T2 for an 18.1% gain on Oct 15th & has remained profitable since entry. However, As the charts no longer clearly warrant remaining short, BXS will be removed from the Active Trades category.

FFIN: SOAPSC

FISV: SOAPSC after reversing just shy of T1.

FRC: SOAPSC

KIE: Bounced off the S1 (support) level and went on to exceed any reasonable stop.

LYV: Hit T1 for a 7.8% gain then reversed just shy of T2.

OZRK: Came within 1 point of T1 before reversing & exceeding the suggested stop.

PACW: Exceeded any reasonable stop criteria (none suggested).

IWM- SOAPSC

WAB: Hit T1, the final & sole profit target to the exact penny for a 13.9% gain before reversing.

EVR: Hit the first profit target (T1) for an 11.2% gain & went on to gain as much as 18.6% before reversing a mere 12 cents above the second & final target. This trade is still profitable but will be removed as the chart no longer clearly warrant remaining short at this time.

SAVE: Hit T1 for a 23.3% gain on Oct 13th & immediately reversed, exceeding any reasonable stop (none suggested).

Dec 042014
 
AVGO daily Dec 4th

AVGO daily Dec 4th

The AGVO (Avago Technologies Ltd) short trade that was posted on Tuesday gapped up today on a positive earnings report & forecast. I have often discussed my trading strategy when caught on the wrong side of a large gap, which is to wait for the opening order imbalances to mitigate (typically 30-60 minutes after the open) and then place a stop-loss order just above the reaction high during that initial buying surge period (vice versa for short trades with the stop set below the initial reaction low).

Currently AVGO is trading just slightly above a 3:1 R/R stop level based on the 3rd & final target of 69.20 (based on the posted entry price). In placing a stop just above this morning’s high of 103.78, any additional losses on the position are limited while it is not uncommon to see large gaps like this, especially when the technicals were already warning of a likely reversal in the trend, to be the final blow-off top (i.e.-an exhaustion gap).

As such, AVGO will be considered stopped out on any intraday move above this morning’s high of 103.78. Should the stock go on to reverse from here, the first key support level would be the top of today’s gap, then the bottom of the gap, followed by the uptrend line defining the bottom of the rising wedge on this daily chart.

One possibility to look for, although not very common, would be an Island Reversal Top, which would occur should AVGO gap down tomorrow below the lowest price that the stock trades at today. Should that occur, a new short entry or add-on, with a stop set slightly above today’s low, would offer an extremely favorable R/R entry with minimal downside risk & unusually large profit potential as Island Tops, especially after strong uptrends, usually lead to primary trend reversals. Again, not a very common occurrence but one of the better risk/reward setups in trading out there.

Dec 022014
 

Following this most recent divergent high, shorting AVGO (Avago Technologies Ltd) here around the 92ish level with a stop above the recent high of 94.43 offers an attractive R/R to any of the 3 downside price targets (up to a 9:1 R/R to final target of 69.20). AVGO is currently trading at 91.93.

The previous short trade on AVGO earlier this year was good for a quick 8.3% gain, with AVGO reversing right off the support line located just below the T1 level. As back then, AVGO has recently put in a divergent high although this most recent divergent high is also accompanied by a more powerful double-divergent high on the weekly chart (below). As the short, intermediate & long-term trends in the broad market are all bullish at this time, any short trades should be considered aggressive, counter-trend trades. As always, trade according to your own personal trading style & risk tolerance.

Nov 172014
 

The SOYB (Soybean ETF) long trade hit the second target for a 13% gain last week. T3 (the downtrend line) remains the next target with the potential for additional targets to be added soon. As previously discussed, my preference on this trade is to use the charts of $SOYB (soybean spot prices) in lieu of SOYB (the soybean tracking ETF) in determining the entry & exit points on the soybean ETF as the ETF is thinly traded and the charts are not as clear. As with the other agricultural commodity trade ideas, SOYB has the potential to morph into a longer-term trend trade/investment depending on how they trade going forward. Previous & updated daily charts of $SOYB below:

Nov 172014
 

ANR hit the final target, T2 at 2.99, last week for a 45.9% gain. T1 (2.46) was hit for a 20% gain just a few sessions early. ANR may be added back as a new Long Trade idea soon but as T2 was the final target, the ANR trade has been completed & will now be archived in the Completed Trades category for future reference. Previous & updated 60 minute charts below:

Nov 172014
 
CORN daily Nov 17th

CORN daily Nov 17th

As I’ve spend some time away from my desk over the last few weeks, there are quite a few trade ideas in need of updating. As most of these trade updates are not time sensitive, email notifications will not be sent out on the remainder of the updates.

CORN (Corn ETF) hit the second price target last week. Although the odds of a pullback and/or consolidation around this level are elevated, T3 remains the final target at this time. As prices are still trading in close proximity to the Consider booking partial or full profits and/or raising stops, depending on your trading plan. If holding out for T3, an objective stop would be below the 25 area (assuming an entry on the wedge breakout). Updated daily chart shown.

Nov 052014
 
ANR 60 min Nov 5th

ANR 60 min Nov 5th

The ANR (Alpha Natural Resources) Active Long Trade is approaching the first profit target (T1 at 2.46), coming within just one cent of that level so far today. Due to the recent bullish developments in the coal sector, I am going to make T2 (2.99) the official next target with the potential for additional targets to be added, should evidence of a bottom in the coal sector continue to build. The high volume surge into and following the recent lows (viewed on the daily chart) are indicative of a selling climax in ANR but as always, the odds of a reaction around the initial tag of each target level is increased. Therefore, consider booking partial or full profits and/or raising stops, according to your trading plan, if/when T1 is hit.

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