Right Side of the Chart

...because anything to the left is history
Jul 302015

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 point & any reasonable stop (none suggested).

ALK: just printed a divergent high but has exceed both the entry level & any reasonable stop (none suggested).

FAS: the FAS short entered on July 10th was stopped out on July 16th when XLF took out the previous reaction high. That trade has been moved to the Completed Trades category but FAS was also added as a new short entry on July 24th and remains an Active Trade at this time.

FB: Stop parameters were not listed on the most recent short entry posted on July 15th but despite today's post-earnings sell-off, I can't make a compelling case to stay short (and personally was stopped out of that last trade). As such, FB will be removed from the Active Trades category. For those still short, consider trailing stops lower or a hard stop above 97.50.

ILMN: weekly (long-term) chart still looks bearish but ILMN exceeded the upper-most suggested stop of 3:1 to the final target.


 July 30, 2015 1:12 pm  Completed Trades - Short Tagged with: , , , , ,  Comments Off on Short Trade Ideas Updated
Apr 292015

ALK (Alaska Air Group) was mentioned as an objective short yesterday while backtesting this trendline. Next objective entry or add-on to come on a break below the red line. Target to be set just above the 50.40 support level, stops dependent on entry.

 April 29, 2015 1:25 pm  Completed Trades - Short Tagged with:  Comments Off on ALK Short Trade Idea
Apr 282015

I have a growing list of short trade candidates on my watchlist which look poised for a decent correction. I plan to refine the list and post some of the more promising trade ideas on the site later today but until then, here are a [continue reading…]

 April 28, 2015 9:38 am  Completed Trades - Short Tagged with: , , , , , ,  Comments Off on Airlines Poised To Descend + New Commission Free ETF List
Oct 012014

ALK (Alaska Air Group Inc) will trigger a short entry on any move below 42.20. T2 (34.40) is the current preferred target with a suggested stop over 45.10. ALK was recently shorted on a break of the daily uptrend line back in late July and [continue reading…]

 October 1, 2014 12:02 pm  Completed Trades - Short Tagged with:  Comments Off on ALK Short Trade Setup
Aug 062014

ALK (Alaska Air Group) has hit the first & final target, T1 at 42.20, for a 9.8% gain in less than 10 trading sessions. Consider booking full profits or at least lowering stops as ALK will now be moved to the Completed Trades category.

 August 6, 2014 9:44 am  Completed Trades - Short Tagged with:  Comments Off on ALK Price Target Hit for a 9.8% Gain
Jul 242014

ALK (Alaska Air Group) offers an objective short entry on this break below the multi-year uptrend line. A suggested stop over 48.30 is based on the current sole profit target of 42.20 (additional targets may be added). The notes on the chart states an entry [continue reading…]

 July 24, 2014 1:46 pm  Completed Trades - Short Tagged with:  Comments Off on Shorting ALK