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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.

    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 [...]

    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

    $VIX Volatility Index Poised for Explosive Gains

    The $VIX (CBOE Volatility Index) appears poised for at least a 20-50% gain in the next 2-6 weeks as it has just put in a divergent low while dipping just below the lower end of it's range. Although one can't directly trade the spot VIX (shown below) there are numerous trading proxies such as VIX [...]

    IPI Back-Testing Support, Objective Long Entry

    Another inquiry from member @nj1957 in the trading room was a request for an update on IPI (Intrepid Potash Inc). IPI is back-testing the former T1 level (actual support at 1.80), which is now support. This provides an objective long entry with a stop placed somewhat (5-10%) below. IPI is unofficial trade at this time [...]

    Jan 18, 2017 11:37am|Categories: Gold & Commodities, Unofficial Long Ideas|Tags: |0 Comments

    JJG (Grains ETN) Poised to Rally In 2017

    As a follow-up to the 2017 Agricultural Commodities Outlook published on January 2nd as well as an inquiry from @nj1957 in the trading room on JJG, here's my outlook along with the recent developments & outlook for JJG (Grains ETN). JJG broke out above the mid-2016 to early 2017 basing pattern yesterday & remains above [...]

    Jan 18, 2017 10:48am|Categories: Gold & Commodities, Unofficial Long Ideas|Tags: |2 Comments

    GLD & GDX Update

    Since the previous front page update & scenario on GLD posted just before the new trading year kicked-off (first chart below), GLD (gold ETF) went on to hit the top my gap target zone while putting in a relatively small divergent high which has now been confirmed via a bearish crossover on the 60-minute MACD. [...]

    Jan 13, 2017 10:16am|Categories: Gold & Commodities, Unofficial Long Ideas|Tags: , , |2 Comments
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