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Right Side of the Chart

...because anything to the left is history
Jan 112016
 

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.

 January 11, 2016 12:38 pm  Active Trades - Short, Completed Trades - Short, Short Setups Tagged with:  Comments Off on ALK First Price Target Hit
Jan 072016
 

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 [continue reading…]

 January 7, 2016 1:08 pm  Active Trades - Short, Completed Trades - Short, Short Setups Tagged with:  Comments Off on ALK Short Trade Setup, Airline Sector in Confirmed Bear Market
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 [continue reading…]

 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