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P (Pandora) First Profit Target Hit

P daily April 7th The P (Pandora Media Inc) short trade has hit the first target, T1 at 27.72 for a 10.4% gain. Consider lowering stops to entry or lower in order to protect profits. T2 at 23.12 remains my preferred target at this time with the final target, T3, still at 21.70. [...]

Apr 7, 2014 12:35pm|Categories: Completed Trades - Short|Tags: |Comments Off on P (Pandora) First Profit Target Hit

LNKD 3rd Profit Target Hit

The LNKD (LinkedIn Corp) short trade has hit the third profit target, T3 at 166.30, for a 26.5% gain from entry. Consider booking partial or full profits and/or lowering your stops, depending on your trading plan. T4 at 127.20 remains the final target at this time although the odds of a near-term reaction (bounce or [...]

Apr 7, 2014 12:21pm|Categories: Completed Trades - Short|Tags: |Comments Off on LNKD 3rd Profit Target Hit

QQQ 3rd Target Hit

The third near-term target (of the 60-120 min time frame targets) on the QQQ has been hit with the Q's down almost 6% from the where the recent bearish rising wedge pattern was first highlighted. Although a reaction (pause or bounce) here is likely, I continue to favor more downside before any substantial (3%+) move [...]

Apr 7, 2014 10:07am|Categories: Equity Market Analysis|Tags: |Comments Off on QQQ 3rd Target Hit

AAPL Breaking Below Triangle Pattern

AAPL (Apple Inc) is currently trading well below the symmetrical triangle. First downside target would be the 200ema/515.60 area.  click here to view the live daily chart of AAPL AAPL daily April 4th Also keep in mind that the 200-day EMA, which is the same as the 40-week EMA, has done an excellent [...]

Apr 4, 2014 1:06pm|Categories: Equity Market Analysis|Tags: |Comments Off on AAPL Breaking Below Triangle Pattern

Shorting SNDK (Sandisk Corp)

SNDK (Sandisk Corp) looks to offer an attractive R/R with a short enter here on what looks to be shaping up as a shooting star (a potentially bearish topping candlestick formation). A stop over today's high of 85.37 would provide about a 3 point downside risk while my preferred target range on this trade (exact [...]

Apr 4, 2014 12:10pm|Categories: Completed Trades - Short|Tags: |Comments Off on Shorting SNDK (Sandisk Corp)

Shorting AVGO – Avago Technologies

AVGO (Avago Technologies Ltd) offers an objective short entry here on this breakdown below this bearish rising wedge pattern (complete with negative divergences).  Suggest stop if targeting T2 would be over the recent highs, 64.55 if targeting T1. AVGO daily April 4th

Apr 4, 2014 11:01am|Categories: Completed Trades - Short|Tags: |Comments Off on Shorting AVGO – Avago Technologies

TSX Venture Index/XVX.TO Trade Update

XVX.TO is an Active Long & Long-term Trade idea that was first added as a setup on Jan 17th (click here to view the previous notes if interested in this trade). Since that last post, the $CNDX (TSX Venture Composite Index) did go on to trigger an entry on the trade by clearing the 980 [...]

Apr 3, 2014 2:49pm|Categories: Gold & Commodities, Long-Term Trades- Completed|Tags: , |Comments Off on TSX Venture Index/XVX.TO Trade Update
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