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ALK Likely To Break Key Support, Poised for a 17% Drop

Member @sportofkings had asked for an update on ALK (Alaska Air Group) which was a short trade that hit T2 for a 17% profit before immediately reversing & exceeding the suggested stop. While ALK is no longer an Active Short Trade, sportofkings still has long-term puts which I think have a very good shot of [...]

Jun 14, 2016 3:06pm|Categories: Unofficial Short Ideas|Tags: |3 Comments

Short Trade Ideas Updated

Last week I had updated the Long Trade Ideas by removing any trades that had either reached their final profit target or exceeded their maximum suggested stops. I am now turning my focus towards updating the Short Trade ideas by first removing the following trades that have either exceeded their suggested stops or no longer [...]

Apr 5, 2016 7:26pm|Categories: Completed Trades - Short|Tags: , , , , |Comments Off on Short Trade Ideas Updated

ALK Short Trade Update & New Objective Entry

ALK (Alaska Air Group Inc) was added as a Short Trade Setup back in early January, going on to trigger a short entry & then hitting the second profit target about a month later for a 17% gain. As noted both before & after T2 was hit, a "significant reaction" was expected off that level [...]

Feb 29, 2016 3:35pm|Categories: Completed Trades - Short|Tags: |6 Comments

ALK Second Price Target Hit for 17% Profit

In updating the trade ideas today, I just noticed that I had not posted any updates on the ALK Active Short Trade since the first price target was hit on January 11th. At that time, I had stated that "T1 (had been) hit for a quick 4.5% gain in less than 2 full trading sessions. [...]

Feb 18, 2016 10:59am|Categories: Completed Trades - Short|Tags: |Comments Off on ALK Second Price Target Hit for 17% Profit

ALK First Price Target Hit

T1 hit for a quick 4.5% gain in less than 2 full trading sessions. While a reaction is likely off the 67.60ish minor support level (dotted line), my expectation is for a continued move to T2 before any significant reaction.

Jan 11, 2016 12:38pm|Categories: Completed Trades - Short|Tags: |Comments Off on ALK First Price Target Hit

ALK Short Trade Setup, Airline Sector in Confirmed Bear Market

Despite plunging oil prices, the airline sector topped nearly a year ago & would appear to be headed much lower in the coming months, especially if/when oil prices start to rise. This 10-year weekly chart of the $XAL (Amex Airline Index) shows that after a monstrous 757% gain (coincidental, as the 757 was one of [...]

Jan 7, 2016 1:08pm|Categories: Completed Trades - Short|Tags: |Comments Off on ALK Short Trade Setup, Airline Sector in Confirmed Bear Market

Short Trade Ideas Updated

The following Short Trade ideas have either exceeded their suggested stop(s) or no longer look compelling from a R/R perspective and will be moved to the Completed Trades category: ACN: exceeded the suggested stop over 100.65 on July 17th. ALGT: came with 2% of reaching the first target but then reversed, exceeding both the entry [...]

Jul 30, 2015 1:12pm|Categories: Completed Trades - Short|Tags: , , , , , |Comments Off on Short Trade Ideas Updated
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