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XLF & Key Financial Stocks Backtesting Wedge Patterns

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 [...]

Jul 14, 2015 2:37pm|Categories: Equity Market Analysis|Tags: , , , , , , |Comments Off on XLF & Key Financial Stocks Backtesting Wedge Patterns

Financial Sector Breaking Down

XLF (Financial Sector ETF) along with nearly all of the largest institutions in the financial sector have recently broken below either intermediate and/or long-term trendlines & look poised for additional downside in the coming weeks/months. note: A link to the live, annotated version of this XLF daily chart is available under the Live Charts page. [...]

Jul 7, 2015 10:07am|Categories: Equity Market Analysis|Tags: , , , , , , |Comments Off on Financial Sector Breaking Down

Short Trade Ideas Updated

The following Short Trade Ideas have all exceeded their previously suggested stop criteria and will be moved from the Active Trades to the Completed Trades category: JASO, MU, STT, C, & FITB.  There are several other trade ideas, both long and short, that have not exceeded their suggested stops but may be removed soon to [...]

Nov 20, 2013 10:53am|Categories: Completed Trades - Short|Tags: , , , , |Comments Off on Short Trade Ideas Updated

C Update- Stop Correction

In reviewing the current active short trades, I noticed that I had incorrectly typed 61.60 as the suggested stop on the previous update to the C short trade.  My intention was to list the stop on a move above 51.60, where the red horizontal line on that last daily chart comes in. I'd assume that [...]

May 20, 2013 1:58pm|Categories: Completed Trades - Short|Tags: |Comments Off on C Update- Stop Correction

C Short Trade Target & Stop Level

C short trade price target is 41.10 with a suggested stop over 51.60 (edit:  51.60 is the correct target, as indicated by the horizontal line on the chart.  61.60 was a typo).

May 9, 2013 2:39pm|Categories: Completed Trades - Short|Tags: |Comments Off on C Short Trade Target & Stop Level

TBTF Bank Stocks Update

Regardless of the relentless bid under the market lately, the Too Big To Fail banks still look bearish from a technical perspective at this point.  Although the current divergences and bearish price patterns can & will be negated should prices go much higher, at this time these key financial stocks have not yet reached that [...]

May 9, 2013 1:22pm|Categories: Equity Market Analysis|Tags: , , , |Comments Off on TBTF Bank Stocks Update

Big Money Update

Apr 30, 2013 10:21am|Categories: Equity Market Analysis|Tags: , , , |Comments Off on Big Money Update
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