Right Side of the Chart

...because anything to the left is history
  • ALK - Jan 11 201620160111
  • AMGN - Jan 07 201620160107
  • BIIB - Jan 07 201620160107
  • GILD - Jan 07 201620160107
  • IBB - Jan 07 201620160107
  • LABU - Jan 07 201620160107
  • PBE - Jan 07 201620160107
  • REGN - Jan 07 201620160107
  • TSO - Jan 20 201620160120
  • UPS - Jan 07 201620160107
  • VLO - Jan 20 201620160120
  • WBA - Nov 12 201520151112
  • XBI - Jan 07 201620160107

Short Setups

Stocks in a bearish pattern formation that are poised to break-down and provide an objective short entry. Also included in this category are stocks that may have already triggered a short entry but still offer an objective entry or add-on to the position at or near current levels such as a bounce back to a key resistance level.

Jan 202016

Regarding the recent bearish setups posted on TSO (Tesoro Corp) and VLO (Valero Energy Corp), both refining stocks, I wanted to share my current thoughts (as posted below from my reply to a question that I received today):

Q: Hi Randy. I am sure these are on your list, but just reminding you about Tesoro and Valero.

R: Yes, noticed the clear breakdown in TSO with VLO still clinging to the uptrend line like an overboard sailor clinging to a life preserver. However, (I'm) passing on a short entry for now based on my near-term bullish bias for the broad market which, if correct, would most likely lead to the TSO breakdown ending up as a whipsaw signal. Might look to position short on a backtest soon though. (end reply)

Regarding the categorization of both of these trade ideas, in the previous post last Thursday, I was only pointing these out as potential, but unofficial short trade setups at the time, without any official entry criteria listed. As such, both remain unofficial trade setups at this time but may be added as official trade ideas soon, depending on how the charts play out going forward.

 January 20, 2016 2:32 pm  Short Setups Tagged with: ,  Comments Off on TSO & VLO (refiners) Update
Jan 082016

VLRS (Controladora Vuela Compañía de Aviación, S.A.B. de C.V.) will trigger a short entry on a break below 15.77 with a suggested stop on a close above 16.70 (lower, if only targeting T1 or T2). Such a breakdown will have taken VLRS, a Mexican based [continue reading…]

 January 8, 2016 11:20 am  Short Setups Comments Off on VLRS Short Trade Setup, Head & Shoulders Pattern
Jan 072016

UPS (United Parcel Service) was pointed out as a potential short a few weeks ago when the FDX short trade hit its price target. UPS has clearly broken down below support today & will likely see one or both of these support levels (88.60 & [continue reading…]

 January 7, 2016 2:06 pm  Short Setups Tagged with:  Comments Off on UPS Head & Shoulders Pattern Breakdown
Jan 072016

Despite plunging oil prices, the airline sector topped nearly a year ago & would appear to be headed much lower in the coming months, especially if/when oil prices start to rise. This 10-year weekly chart of the $XAL (Amex Airline Index) shows that after a [continue reading…]

 January 7, 2016 1:08 pm  Active Trades - Short, Completed Trades - Short, Short Setups Tagged with:  Comments Off on ALK Short Trade Setup, Airline Sector in Confirmed Bear Market