RJET daily April 29th RJET (Republic Airways) was one of several airline shorts mentioned yesterday while trading just below the uptrend line. The stock still offers an objective short entry here with a sole price target (at this time) just above the 11.45 support level (suggested buy-to-cover limit order at 11.56). [...]
ALK daily April 29th ALK (Alaska Air Group) was mentioned as an objective short yesterday while backtesting this trendline. Next objective entry or add-on to come on a break below the red line. Target to be set just above the 50.40 support level, stops dependent on entry.
HA daily April 29th HA (Hawaiian Holdings Inc) was mentioned as an objective short yesterday on the gap backfill (red line) & is still offers an objective short entry here. HA won't be so funny to those long once the stock breaks below the white uptrend line, which will be the next objective [...]
IWM daily April 29th With the recent volatility over the last few weeks, both of the most recent QQQ & IWM/TWM short trades exceeded their suggested stops. As stated here back on April 13th, that last TWM trade exceeded the suggest stop by mere pennies and for consistency, that trade was officially considered [...]
UUP ($USD Index etf) has now hit the minimum downside swing target first posted back on March 10th (the short-term target was hit yesterday with the difference between the two explained in yesterday's UUP update). UUP daily April 29th What this means is that the odds for a reaction (bounce and/or consolidation) on [...]
Despite a blow-out quarter, AAPL (Apple Inc.) managed to accomplish two technical feats today that significantly increase the odds that my initial downside target & possibly the second target (on the daily chart from the Live Charts page) will be hit in the coming weeks. AAPL daily April 28th The first important [...]
Exactly 2 weeks after the last update on the 60-minute chart of UUP (US Dollar Index etf), my initial short-term target has been hit with the $USD moving sharply lower since then. My minimum final downside target, which was first posted in the March 10th Correction In The Dollar Imminent post remains the primary uptrend line [...]