The WEAT (Wheat ETF) Active Long Trade gapped up to open at 7.30 today, which is where any standing sell limit orders at T1 (7.25) would have been filled, thereby providing a relatively quick 5.3% gain on the trade. T3 remains the final target at this time with the possibility of adding additional targets if [...]
ISLE (Isle Of Capris Casinos) is a casino stock that looks poised to to fall anywhere from 10% - 30% following the recent overbought, divergent high & will likely be added as an official trade idea soon. Should ISLE be added as an official short trade, price targets & a suggested stop-loss level(s) will follow. [...]
MGM (MGM Resorts International) is under consideration for a short trade candidate, along with several other casino stocks, following the break below this large bearish rising wedge pattern & may be added as an official trade idea soon. I'd like to study the charts of the casino & resort stocks as well as the broad [...]
The AMD (Advanced Micro Devices) Active Short Trade has hit the first target, 9.82, with a low of 9.81 so far today for a gain of 12.2% in exactly 2 weeks since entry. Consider booking partial or full profits and/or lowering your stop if holding out T2 or T3 (additional targets may still be added). [...]
The following chart & notes outline the entry criteria, price targets & suggested stop for a swing trade on OZRK, Bank of the Ozarks Inc.
The following notes & chart outline the entry criterion, price targets & suggested stop-loss level for a swing trade in AKS (AK Steel Holding Corp).
Since the previous front page update & scenario on GLD posted just before the new trading year kicked-off (first chart below), GLD (gold ETF) went on to hit the top my gap target zone while putting in a relatively small divergent high which has now been confirmed via a bearish crossover on the 60-minute MACD. [...]