• VHI - Jul 22 201420140722
  • HAIN - Jul 21 201420140721
  • SIL - Jul 18 201420140718
  • GDX - Jul 18 201420140718
  • TNK - Jul 17 201420140717
  • QLGC - Jul 17 201420140717
  • OSTK - Jul 17 201420140717
  • KOL - Jul 17 201420140717
  • CAS - Jul 17 201420140717
  • SLV - Jul 10 201420140710
  • $SILVER - Jul 10 201420140710
  • $GOLD - Jul 10 201420140710
  • GLD - Jul 10 201420140710
  • EGO - Jul 10 201420140710
  • 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
  • SSRI - 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
  • LL - Jul 09 201420140709
  • HON - Jul 09 201420140709
  • GTAT - Jul 09 201420140709
  • GRA - Jul 09 201420140709
  • GMCR - Jul 09 201420140709
  • FCH - Jul 09 201420140709
  • AVGO - Jul 09 201420140709
  • ABG - Jul 09 201420140709
  • NLY - Jul 03 201420140703
  • TJX - Jul 02 201420140702
  • GPL - Jun 23 201420140623
  • KGC - Jun 13 201420140613
  • HMY - Jun 13 201420140613
  • HL - Jun 13 201420140613
  • AUY - Jun 13 201420140613
  • ALIAF - Jun 13 201420140613
  • AUQ - Jun 11 201420140611
  • TASR - Jun 02 201420140602
  • GOOG - May 27 201420140527
  • ODP - May 20 201420140520
  • TRX - May 16 201420140516
  • NEM - May 16 201420140516
  • EVR - May 07 201420140507
  • VPRT - Apr 30 201420140430
  • POWI - Apr 30 201420140430
  • HIMX - Apr 30 201420140430
  • P - Apr 28 201420140428
  • QIHU - Apr 07 201420140407
  • LNKD - 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
  • BWS - Mar 24 201420140324
  • ZNGA - Mar 20 201420140320
  • WLT - Mar 20 201420140320
  • TOPS - Mar 20 201420140320
  • PAAS - Mar 20 201420140320
  • NRP - Mar 20 201420140320
  • CLF - Mar 20 201420140320
  • BTU - Mar 20 201420140320
  • ANR - Mar 20 201420140320
  • AEM - Mar 18 201420140318
  • 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.

Jul 172014

The trade ideas on Right Side of the Chart are typically updated when each profit target is hit or as soon as possible shortly thereafter. This is due to the fact that all trade ideas shared here have one or more explicit profit target levels. Trade ideas that are removed from the Active Trades category, whether or not one or more profit targets were already hit, are typically moved to the Completed Trades category for one of several reasons: Either they have exceeded the maximum suggested stop level, if one was provided; The trade has exceeded any reasonable stop level, if none suggested; The technical outlook for the trade and/or the broad market has changed enough to book profits on the trade before the planned target is reached; or the trade simply no longer looks compelling from a risk/reward perspective and is removed to make room for more attractive trade ideas.

As stop parameters, risk tolerances, holding periods & trading styles vary widely amongst individual traders, many of the stopped out trades or those yet to be stopped out but stuck in a trading range are removed together in bulk from time to time. Remember, all profit targets and suggested stops, if any listed, are simply suggestions based on my own personal trading style and preference of using a R/R (risk-to-reward ratio) of 3:1 or better on each trade (i.e.- accept $1 of downside risk for every $3 of upside profit potential). Some traders might opt for an even lower R/R, say 2:1, while other might only take a trade using a 4:1 or better R/R. Every trader must decide not only which trades to take but also which profit target(s) to aim for as well as which stop-loss parameters to use for each trade.

In reviewing the Long Trade Ideas category tonight, the following trades will now be considered completed as they have either exceeded their previously suggested Continue reading »

Jul 102014
EGO stock chart

EGO Third Price Target Hit

The EGO (Eldorado Gold) Long-Term Trade idea hit the third profit target (T3) yesterday, as well as today, for a 36% gain from entry. As discussed in the mining sector video posted earlier today, the odds for a pullback in the mining stocks are quite elevated at this time and that holds true for EGO as well.

Not only are reactions off the price target levels typical in general but EGO is also coming off overbought levels (on the daily RSI) not seen since the stock peaked in Sept 2012 as highlighted on the left of this updated daily chart. I don’t expect anything remotely close to the 46% plunge in the stock that immediately followed that previous similar overbought condition, as that one had occurred during the early stages of the recent bear market in the mining sector whereas this time around, the stock is most likely in the early stages of a new bull market.

I’ve also added an very steep uptrend line on which prices current sit precariously on top of. Any solid break or daily close below that trendline would likely spark a correction which could provide another objective entry in the near future.¬† T5 remains the final long-term target at this time but again, the odds of at least a decent correction before EGO gets there is quite elevated at this time. Additional details on this trade, including the longer-term bullish case, can be viewed in the Gold & Silver Trade Ideas video posted on June 13th.

Click here to view the live, annotated chart of EGO.

Jul 102014

CAS (A.M. Castle & Company) is currently backtesting the falling wedge pattern as well as horizontal support, once again offering an objective entry or add-on. Stops remain on any move below 10.80 & targets remain as previously posted (see 120 minute chart). With the broad markets sucking wind lately, this trade may very well go on to be stopped out soon. However, I just wanted to update the trade as if CAS does happen to reverse off this daily horizontal support level & the backtest of the wedge pattern, any new entry or add-on here (CAS is trading at 10.90 as I type), offers a R/R ratio of nearly 11:1 to the first target (obviously an even better R/R to the 2nd & 3rd targets). Again, this trade may very well be stopped out soon or even by the time that you read this but from a pure risk/reward perspective, aggressive traders could take a shot at a long here with minimal downside & considerable upside. Updated daily & 120 minute charts below.

Jul 092014

The following trade ideas have been removed from the Active Short Trades categories as they have either exceeded their previous suggested stops (or any reasonable stop, if none suggested) or the stock simply no longer looks to offer an attractive R/R at this time. Some of these trades may have already hit one or more profit targets while others did not. Most trade ideas on RSOTC are immediately removed from the Active Trades category upon reaching the final profit target while trades which are stopped out or no longer look attractive are often removed periodically in bulk. Inquires on Active Trade ideas that have not been recently updated my be requested via the Contact page, located under the Resources section of the menu at the top of the website.

ABG: Hit the first profit target on Jan 27th for a 9.7%, consolidated for a few days & began moving lower before reversing about half way to the second target, exceeding both the entry level as well as any reasonable stop.

AVGO: Hit the first target (T1) for an 8.3% gain in just 8 trading sessions before bouncing & exceeding the suggested stop level for those targeting T2.

FCH: I jumped the gun on this one, posting an entry on the slightest intraday break below the uptrend line, with prices quickly reversing that day and never looking back. i.e.- A false breakdown or pre-mature entry. I’ve re-adjusted the trendline since & have FCH on my radar for a new short entry soon as the stock is in what appears to be the terminal stages of Continue reading »

Jul 092014
LL Final Target Hit July 9th

LL Final Target Hit July 9th

The LL (Lumber Liquidators) short trade has hit the final target, T2 at 71.72, for a 38% from the original entry. LL was first mentioned as an aggressive entry as it was just breaking down below its 2-year primary uptrend line on the morning of November 22nd (trading around 114 at the time). I also listed a second add-on or more conservative entry on a break below the 109 support level, which the stock also went on to trigger later that same day, providing a 34.2% gain based solely on that entry level (and about 36%, if taken in tw0 equal lots at both entry points). The possibility of adding a third target target level around the 49 area was previously discussed but as I did not make it official before this 2nd & current final target was hit, I will consider T2 the final target and LL will now be moved to the Completed Trades category where all associated posts on this trade will be archived for future reference.

LL is one of many trade ideas, both long & short, that have remained in the Active Trades categories for many months now. Unlike LL, which never exceeded any suggested or reasonable stop (always trading below the original entry point since the inception of the trade), there are quite a few old trade ideas that have either exceeded their previously suggested stop criteria or any reasonable stop criteria, if none suggested. I do plan to clean up the Active Trades category this week by removing any stopped out trade or those that no longer look very attractive & I will also continue to scan for any new trade ideas offering the most attractive risk/return profiles. As always, if you have any questions or comments with any of the trade ideas or market analysis shared on RSOTC, please don’t hesitate to contact me.

Jul 092014

SSRI SIlver Standard Resources) has hit the final target, T3 at 9.18 (recently trading as high as 9.19 so far today) giving this trade a 42.3% gain since entry just over one month ago. Typical swing traders should consider booking full profits while longer-term traders or investors should at least raise stops if planing to hold out for additional gains.

While I remain longer-term bullish on the mining sector, this most recent trade on SSRI was based off the 60 minute time frame with T3 list as my final target as, although the stock may certainly continue to climb, the near-term R/R for typical swing traders is no longer favorable to remaining long at this time. With that being said, SSRI may be added back as another swing trade or possibly a Long-Term Trade idea in the near future should another objective entry in this silver mining stock develop in the coming days, weeks or months. Previous & updated 60 minute charts below:

Jul 032014

NLY (Annaly Capital Mgmt) is an Active Trade in the Growth & Income Trades category (descriptions of each trade category can be found at the top of their respective pages). The trade was first added back on August 19th of last year at a price of 10.68 and since then, this trade has hit some near-term profit targets where partial profit taking was suggested as well a stops being raised. There were also additional objective potential entries or add-ons posted since the original entry, not to mention a double-digit dividend yield paid out along the way (which reduces the cost basis of the trade by the amount of the dividends paid).

Such multiple entries, exits & adjustments  to position size make it extremely difficult to track the performance on some trades, particularly the Long-term trade ideas which are more conducive to trading around the target levels than the typical Long (swing) Trades. However, based on the previous entry levels and 11-15% yield on the stock since the original entry almost a year ago, NLY is still profitable although I do have my concerns about the position here. After forming some bearish divergences over the last few months, NLY has come under some selling pressure in recent trading sessions and is now approaching support as shown by the red uptrend line on this updated daily chart. Although the chart still looks constructive on the weekly time frame, any solid weekly close below the 10.50 area would hamper the longer-term bullish case for the stock. As such, longer-term traders or investor in this position might consider such a weekly close (below 10.50) as a final stop on a position. However, in order to protect profits on the current trade, NLY will be considered stopped out on a weekly close below the red uptrend line on this daily chart (currently below 10.93).

On a related note, I also have my concerns about the REIT sector in general ($DJUSRE & the IYR), which has broken below a primary uptrend line today after recently printing a divergent high (daily time frame). With NLY being a component of this sector, that is one more reason that I am tightening up the reins on this trade at this time.

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