Jun 072013
 

My upper-most bounce target (the yellow primary downtrend line) has now been hit.  Shorting here with a stop on a solid daily close above this downtrend line would make for a very objective, high R/R short entry.  My preference is to add to individual short [continue reading…]

 June 7, 2013 10:24 am  Equity Market Analysis Tagged with:
Jun 072013
 

PEIX has fallen back below the orange (secondary) downtrend line following the 1-day failed breakout and is currently back towards the bottom of the descending triangle pattern.  As prices are quickly approaching the apex of the pattern, a resolution is imminent at this point.  Any [continue reading…]

 June 7, 2013 10:08 am  Completed Trades - Long, Long-Term Trades- Completed Tagged with:
Jun 062013
 

LNKD might offer a nice short entry or add-on if it trades slightly higher tomorrow and runs into these intersecting trendlines: The blue downtrend line off the highs as well as a backtest of the recently broken uptrend line.  Just to reiterate, this trade is [continue reading…]

 June 6, 2013 4:36 pm  Completed Trades - Short Tagged with:
Jun 062013
 

The SPY has now hit my first intermediate target where I still believe that a reaction (i.e.- a relatively short-lived bounce or consolidation) is likely.  However, I still put the odds around 50/50 as to whether or not the market just slices through that level [continue reading…]

 June 6, 2013 1:18 pm  Equity Market Analysis Tagged with:
Jun 062013
 

TSCO is offering an objective short entry here on the backtest of this recently broken bearish rising wedge pattern (daily chart).  Although I have listed a near-term, high-probability target (T1 at 100.70), I believe the weekly chart helps affirm the case that TSCO is likely [continue reading…]

 June 6, 2013 10:40 am  Completed Trades - Short Tagged with:
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