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LL (Lumber Liquidators) Final Target Hit

LL Final Target Hit July 9th The LL (Lumber Liquidators) short trade has hit the final target, T2 at 71.72, for a 38% from the original entry. LL was first mentioned as an aggressive entry as it was just breaking down below its 2-year primary uptrend line on the morning of November 22nd [...]

Jul 9, 2014 2:40pm|Categories: Completed Trades - Short|Tags: |Comments Off on LL (Lumber Liquidators) Final Target Hit

SSRI Final Target Hit for a 42% Gain

SSRI SIlver Standard Resources) has hit the final target, T3 at 9.18 (recently trading as high as 9.19 so far today) giving this trade a 42.3% gain since entry just over one month ago. Typical swing traders should consider booking full profits while longer-term traders or investors should at least raise stops if planing to [...]

Jul 9, 2014 1:48pm|Categories: Completed Trades - Long, Gold & Commodities|Tags: |Comments Off on SSRI Final Target Hit for a 42% Gain

Wednesday Morning Comments

For the most part, nothing major has changed from a technical perspective in weeks now & as such, I continue to keep my trading light for the time being. Last week I highlighted the divergent highs in both the SPY & QQQ as well as a backtest of the SPY wedge. Shortly afterwards those divergences [...]

Jul 9, 2014 10:38am|Categories: Equity Market Analysis, Gold & Commodities|Tags: , , , , , , |Comments Off on Wednesday Morning Comments

New ETF Center Available

A new ETF Center has been added to Right Side of the Chart, providing a quick reference of both long/bullish (+) and short/bearish (-), as well as leveraged (2x, 3x) and non-leveraged (1x) variations of some of the most popular ETFs & ETNs. Links to the largest ETF providers have also been included where additional [...]

Jul 8, 2014 10:35am|Categories: Using RSOTC|Comments Off on New ETF Center Available

NLY Growth & Income Trade Update. REITs Break Support.

NLY (Annaly Capital Mgmt) is an Active Trade in the Growth & Income Trades category (descriptions of each trade category can be found at the top of their respective pages). The trade was first added back on August 19th of last year at a price of 10.68 and since then, this trade has hit some [...]

Jul 3, 2014 11:54am|Categories: Growth & Income Trades- Completed, Long-Term Trades- Completed|Tags: |Comments Off on NLY Growth & Income Trade Update. REITs Break Support.

GDX 60 Minute Update

GDX 60 minute July 3rd The divergences pointed out last week on GDX (Gold Miners EF) have continued to build with prices making a very marginal (1/2%) new high & breaking below this uptrend line today. With the marginal new high, I had adjusted the Fibonacci retracement levels with still come in virtually [...]

Jul 3, 2014 10:00am|Categories: Gold & Commodities, Long-Term Trades- Completed|Tags: |Comments Off on GDX 60 Minute Update

TJX Update, Second Price Target Hit

The TJX (TJX Companies) active short trade hit the second price target of 52.63 on Thursday for an 11.4% gain from entry. TJX is a good example of how most trades experience a reaction (i.e.- a counter-trend bounce and/or a temporary consolidation around that level) upon the initial tag of each target. As this updated [...]

Jul 2, 2014 2:04pm|Categories: Completed Trades - Short|Tags: |Comments Off on TJX Update, Second Price Target Hit
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