This video covers the consumer staples sector via XLP as well as some of my favorite individual stock trade ideas within the sector. Please log in or sign up for your free 3-week trial to view.
The following Short Trades have been moved to the Completed Trades category as they have either exceeded their suggested stop (or any reasonable stop criteria, if none listed) or they no longer look compelling from a risk/reward perspective: AMTD: Regained the uptrend line shortly after the breakdown & went on to exceed any reasonable stop. [...]
From time to time, I will share a reply to a question that I've received which might have some usefulness to others following the trade ideas or market commentary on RSOTC. The following trades; GRA, HSNI, GIS, & ABG, as well as my thoughts on the market are discussed below: Question: I must ask if it's wise to hold the shorts GRA, HSNI, GIS and ABG given the expected bounce off S&P support. I've read projections that the S&P could go as high as 1830 on this rebound. I realize each stock is a different situation so generic answer may not be possible. I guess the question would be: how much of a bounce for S&P is expected and how long before the descent returns? Days, weeks? Those short losses could really mount and I wouldn't want to bail to soon (as is my habit). Any additional insight is appreciated. Response: To begin with, although I have not outlined all my likely scenarios for the SPX, a bounce to the 1830 area that might take around 2-4 weeks would probably be the 3rd or 4th most likely scenario in my book right now. That could give us a nice high-level backtest of the recently broken uptrend line on the [...]
GIS daily Jan 29th GIS (General Mills Inc) will offer an objective short entry on any move below today's LOD of 48.06 with prices breaking down from this Head & Shouders topping pattern. T2 at 43.22 is my preferred & final swing target at this time. Although the stock is currently trading slightly [...]