Nov 202013

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 make room for new trade ideas that offer better R/R profiles at this time.  The AVL long trade also recently moved below its previously suggested stop level and will also […continue reading]

 November 20, 2013 10:53 am  Completed Trades - Short Tagged with: , , , ,
May 202013
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 anyone who took the trade probably figured that out when viewing the chart but if not, I wanted to share that level and although this might be too late for […continue reading]

 May 20, 2013 1:58 pm  Completed Trades - Short Tagged with:
May 092013
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 2:39 pm  Completed Trades - Short Tagged with:
May 092013
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 point (of undoing the bearish technicals). I realize that the will of most flexible/short-side traders has been broken lately with the markets powering to new highs on a near-daily basis […continue reading]

 May 9, 2013 1:22 pm  General Market Analysis Tagged with: , , ,
Apr 052013
Banking Sector Update

Two weeks ago I had stated that a correction in the banking sector was likely as evidenced by the bearish charts of $BKX (KBW Banking Sector) as well as a few of the heavy weights of the financial sector, BAC, C, and JPM.  At the time, JPM was the only one of the three which had already broken down from it’s bearish rising wedge pattern but since then, BAC and C have also clearly followed suit and although they are getting close to my first […continue reading]

 April 5, 2013 10:20 am  General Market Analysis Tagged with: , , ,