In updating the trade ideas, the following Short Trades have either hit one or more profit targets and/or exceeded their maximum suggested stop with all associated posts to be moved to the Completed Trades category where they will be archived indefinitely for future reference: XOP/GUSH: Hit the first target for a quick 10% gain (on [...]
This video covers the Active Short Trade Ideas on Right Side Of The Chart, along with a brief highlight of today's breakdown of QQQ, including some objective levels for shorting the broad market.
The following Active Short Trade ideas are covered in this order: ADP, AG, AMZN, BRKB, FL, GDX/NUGT, XOP/DUG/GUSH, PCLN, & USO/UWTI.
This video begins with a brief overview of the big picture via the weekly & daily charts of the SPY & QQQ, followed by a brief discussion of the 60 minute charts & wraps up with the near-term term outlook for the U.S. stock market while analyzing the 5 minute charts of the SPY, QQQ [...]
BRK.B gapped below the first target yesterday to open at 129.00, where any standing BTC limit orders would have filled, providing a 7.3% gain from the June 9th short entry price of 139.23. T3 remains the final target at this time. Suggested BTC levels for the remaining targets have been added to this weekly chart. [...]
As posted shortly before the close today, the majority of market leading stocks, i.e.- the largest components of the S&P 500 & Nasdaq 100 large cap indices, managed to close on or above key support levels today. AAPL is one of the few exceptions, closing somewhat below the 104ish resistance level although AAPL did manage [...]
With the addition of the WFC short entry today, there are now three Active Short Trades in the financial sector: FAS/XLF, BRK.b & WFC. This market has been unusually difficult to trade lately, both on the long & short side, due to both the recent very choppy price action as well as the fact that [...]