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    February 2017
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    Unofficial trade ideas are trade ideas that may or may not list specific stops & exact price targets and may or may not be followed up with. Unofficial trade ideas will only be moved to the Active and Completed Trade categories if they are first published as being recategorized as an official trade idea.

    Elevated Risk for a Stock Market Correction (video)

    This video makes the case for an impenitent correction in the US stock market most likely starting next week or possibly sooner. I also share a few trading strategies on how to capitalize on a potential swift pullback in the market while minimizing & quantifying downside risk (loss potential).

    VRX Valeant Pharmaceuticals Potential Bottoming Trade

    VRX was highlighted as a potential long-side trade idea by @qlikely in the trading room. My take on the daily chart is: A divergent low (positive/bullish divergences in place at the recent low) Breakout above the white bullish falling wedge pattern Recent breakout & low-level back-test of the primary (yellow) downtrend line. VRT daily [...]

    PCLN Analysis & Price Targets

    Member @hardsix inquired within the trading room as to whether or not PCLN (The Priceline Group Inc) looked like a potential shorting candidate as the stock is very over-extended. On the first chart below (2-year, daily time frame) potential divergences are in place as PCLN makes the most recent & most extreme overbought reading in [...]

    Weekly Market Outlook 2-13-17 (video)

    This video begins with the near-term outlook for the US stock market via SPY, QQQ & IWM followed by coverage of the following stocks, sectors & commodities that stand out as potential trading opportunities at this time: WEAT, JJG, DBA, CHOC, NIB, $COCOA, FCEL, DDS, M, AZPN, NVDA, SMH, IPI, MOS & POT.

    FCEL Bullish Falling Wedge Breakout

    FCEL (FuelCell Energy) has moved above this bullish falling wedge pattern following a divergent low. Very aggressive trade but large profit potential as a possible breakout/short-sqeeze candidate. Resistance levels above are potential price targets. FCEL 60-min Feb 10th   Props to @drummonddrive who just pointed out in the trading room that PLUG is [...]

    Feb 10, 2017 2:48pm|Categories: Unofficial Long Ideas|Tags: |8 Comments

    GILD Approaching Long-term Support

    GILD (Gilead Sciences) is starting to look interesting as a potential bottoming play as it approaches long-term support around 64.75 with potential bullish divergences on the weekly time frame. Watching to see how it acts around this level, particularly any signs of a selling climax and/or bullish candlestick reversal pattern around this support level. Unofficial [...]

    Feb 9, 2017 9:59am|Categories: Unofficial Long Ideas|Tags: |1 Comment

    AAPL Bearish Rising Wedge Pattern

    Member @gaucho requested an update on AAPL, which was recently posted as working its way up within a bearish rising wedge pattern. Following the recent wedge overthrow & subsequent move back down into the wedge, AAPL appears poised for an imminent breakdown & move lower towards any of all of these price targets. 60-minute chart: [...]

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