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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).

    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.

    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: [...]

    AZPN Trendline Breakdown

    AZPN (Aspen Technology) has broken down from the large bearish rising wedge pattern & appears likely to be headed to the 48.20 area in time although best to wait for either a backtest of the wedge or a break of the 53.45 level as that is minor support which could produce a reaction. I'm only [...]

    Jan 27, 2017 10:01am|Categories: Unofficial Short Ideas|Tags: |0 Comments

    SMH Bearish Rising Wedge Ripe for a Breakdown

    member @lkeno inquired if it appears that the SMH (semiconductor ETF) is ready to break down soon. SMH continues to grind higher within this bearish rising wedge pattern just putting in the 3rd consecutive divergent high. Although each the previous divergent highs did result in a correction, due to where prices are in proximity to [...]

    AAPL Bearish Rising Wedge Pattern

    AAPL (Apple Inc) is now at the "sweet spot" of this bearish rising wedge pattern where breakdowns typically occur. A break below the wedge would likely bring prices to any or all of these potential target/support levels. Negative divergences confirm the bearish nature of the wedge & warn of a likely impending trend change. 60-minute [...]

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