• AAL - Aug 18 201520150818
  • ACN - Aug 27 201520150827
  • ALNY - Jul 30 201520150730
  • ALXN - Jul 30 201520150730
  • AMD - Aug 10 201520150810
  • AMGN - Aug 27 201520150827
  • BAA - Aug 21 201520150821
  • BIIB - Jul 30 201520150730
  • BMRN - Jul 30 201520150730
  • BRKB - Aug 25 201520150825
  • CLD - Aug 26 201520150826
  • $COFFEE - Aug 20 201520150820
  • $copper - Aug 12 201520150812
  • DUST - Aug 21 201520150821
  • FNHC - Jul 28 201520150728
  • FXY - Jul 08 201520150708
  • GDX - Aug 21 201520150821
  • GILD - Jul 30 201520150730
  • GLD - Jul 22 201520150722
  • $GOLD - Jul 22 201520150722
  • GPL - Aug 10 201520150810
  • HALO - Jul 30 201520150730
  • $HUI - Jul 22 201520150722
  • IBB - Jul 30 201520150730
  • INTC - Aug 25 201520150825
  • IPXL - Aug 11 201520150811
  • ISIS - Jul 30 201520150730
  • JJC - Aug 12 201520150812
  • JO - Aug 20 201520150820
  • LABD - Jul 30 201520150730
  • LABU - Aug 27 201520150827
  • NBIX - Jul 27 201520150727
  • NUGT - Aug 21 201520150821
  • PBE - Jul 30 201520150730
  • PG - Aug 17 201520150817
  • REGN - Jul 30 201520150730
  • $SILVER - Aug 10 201520150810
  • SLV - Aug 10 201520150810
  • SLW - Jul 20 201520150720
  • USO - Aug 18 201520150818
  • $YEN - Jul 08 201520150708


Trade Setups

Trade Setups are potential trade or longer-term investment candidates that are setting up in a well defined chart pattern. Once/if the pattern triggers (i.e.- a break-out or break-down), the trade idea will become an Active Trade until either the price target(s) are hit or the trade is stopped out. However, some Active Trades will also remain in the Trade Setups category after triggering an entry as long as the trade still provides an objective entry. Therefore, many trades on this site will often be assigned to multiple categories.

Aug 272015
 

AMGN (Amgen Inc) offers an objective short entry here on the backtest of the recently broken uptrend line. Suggested stop over 167 if targeting T3, lower if targeting T1 or T2. Daily chart below:

AMGN daily Aug 27th

AMGN daily Aug 27th

 

Zooming out to a 10-year weekly chart, it would appear that as with the majority of stocks in the biotech sector, AMGN has most likely embarked on a new bear market following the impulsive breakdown below this primary uptrend line.

AMGN weekly Aug 27th

AMGN weekly Aug 27th

 

On a related note, it would be impossible to add all of the biotech stocks that have currently bounced back to at or near their recently key former support levels (e.g. - trendlines, rising wedges, horizontal support, etc...) that were recently broken. LABU (3x Bullish/Long Biotech ETF) remains an Active Short Trade and is a simple way to short the biotech sector while gaining diversity amongst numerous stocks in the sector. As always, make sure to take into account the 3x leverage when determining your position size, assuming that shorting the biotech sector fits your risk tolerance & aligns with your current market bias & trading plan.

I may add additional individual biotech stocks as official short trade ideas but for those interesting in the sector, I would highly recommend that you view the July 30th Biotech Tech Wreck video, as the charts of my favorite biotech short trade ideas were covered in detail.

 August 27, 2015 11:53 am  Active Trades - Short, Short Setups Tagged with: ,
Aug 262015
 

The CLD long trade setup posted earlier has taken out the 3.57 level, triggering a long entry. We’re starting to see some volume come into the stock since the breakout but nothing spectacular. Breakouts that are accompanied by above average volume have a much lower [continue reading…]

 August 26, 2015 12:05 pm  Active Trades - Long, Long Setups Tagged with:
Aug 262015
 

CLD (Cloud Peak Energy Inc.) will trigger a long entry on any break above 3.57 (preferably on above avg. volume). Suggested stops using a 3:1 or better R/R to one’s preferred price target (T1 or T2). 60 minute chart below:   Zooming out to the [continue reading…]

 August 26, 2015 10:37 am  Long Setups Tagged with:
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