Oct 012014
ALK Short Trade Setup

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 hit the sole profit target for a quick 10% gain less than 10 trading sessions later. That previous trade was meant to be a relatively quick trade with a modest profit target because the price target on the daily chart […continue reading]

 October 1, 2014 12:02 pm  Completed Trades - Short Tagged with:
Aug 062014
ALK Price Target Hit for a 9.8% Gain

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:
Jul 242014
Shorting ALK

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 on a break below 46.80 or the trendline. ALK did go on to break below both levels during the time that it took to annotated & upload the chart as well as composing this post. Therefore, ALK will be posted […continue reading]

 July 24, 2014 1:46 pm  Completed Trades - Short Tagged with:
Oct 282013

The following short trades will be moved to the Completed Trades category.  While none of these trades reached their final price target, many of these trades did hit one or more profits targets before bouncing & exceeded their previously suggested (or any reasonable) stop level(s).  As the charts on some of these trades still remain longer-term bearish, feel free contact me if you are following any of these trades & I will be glad to post or email and updated chart with comments.  There are […continue reading]

 October 28, 2013 10:23 am  Completed Trades - Short Tagged with: , , , , , , , , , , , , , , , , , , ,
Oct 172013
ALK Update & New Short Setup

Since hitting the first target for a very quick 13% gain back in May, the ALK short continued to move lower, bottoming in June & just recently moving back above the original entry price.  As the stock has formed a new bearish rising wedge pattern over that time, new price targets have been added.  A new short entry or add-on to the existing trade will trigger on a break below the current wedge pattern, with stops TBD upon entry.  Updated daily chart:

 October 17, 2013 10:38 am  Completed Trades - Short Tagged with:
May 282013
Airline Sector Overview

For those looking for some short-side trade candidates, including hedges to a portfolio of longs, the Airline Sector continues to offer some of the most attractive technical setups at this time.  This first string of charts below are the daily and weekly charts of several key airline sectors with clear annotations as to my take on these charts: The charts below are all daily time frame charts of some of my favorite setups in the airline sector, including the updated chart of the ALK current […continue reading]

 May 28, 2013 5:17 pm  Completed Trades - Short, General Market Analysis Tagged with: , , , ,
May 212013
ALK First Target Hit

The first target that was added to the ALK short trade has now been hit for a one-day, 13% gain.  Consider booking partial or full profits and/or raising your stops, depending on your trading plan.  Updated daily chart below preceded by yesterday’s original daily chart which is a perfect example of how TA works.  ALK had set-up in a textbook bearish rising wedge pattern with a well defined uptrend line with very sharp & distinct negative divergences in place while at rarely, if ever, seen […continue reading]

 May 21, 2013 12:21 pm  Completed Trades - Short Tagged with: