• AAL - Aug 18 201520150818
  • ACN - Aug 27 201520150827
  • ALNY - Jul 30 201520150730
  • ALXN - Jul 30 201520150730
  • AMGN - Aug 27 201520150827
  • BIIB - Jul 30 201520150730
  • BMRN - Jul 30 201520150730
  • BRKB - Aug 25 201520150825
  • FNHC - Jul 28 201520150728
  • GILD - Jul 30 201520150730
  • HALO - Jul 30 201520150730
  • IBB - Jul 30 201520150730
  • INTC - Aug 25 201520150825
  • IPXL - Aug 11 201520150811
  • ISIS - Jul 30 201520150730
  • LABD - Jul 30 201520150730
  • LABU - Aug 27 201520150827
  • NBIX - Jul 27 201520150727
  • PBE - Jul 30 201520150730
  • PG - Aug 17 201520150817
  • REGN - Jul 30 201520150730


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.

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 172015
 

PG (Procter & Gamble Co.) has fallen to a critical support level & appears to offer an objective long entry around current levels. The price targets & suggested stop are listed on the daily chart below. My thoughts on a PG long here are this: [continue reading…]

 August 17, 2015 11:51 am  Active Trades - Long, Short Setups Tagged with:
Aug 112015
 

IPXL (Impax Laboratories Inc) will trigger a short entry on a break below 43.95. Suggested stop over 47 (or lower if only targeting T1 and/or T2).  

 August 11, 2015 3:03 pm  Short Setups Tagged with:
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