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    Short Trades Updated

    The following short trades will be moved to the Completed Trades (Short) category as they have either exceed the previous suggested stop (or any reasonable stop, if none suggested) or the technicals no longer warrant remaining short at this time. Several of the Active Short trades still look to offer objective entries or add-ons at [...]

    Oct 10, 2014 3:24pm|Categories: Completed Trades - Short|Tags: , , , , , , , |Comments Off on Short Trades Updated

    Trade Updates & Market Thoughts

    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 [...]

    Feb 4, 2014 2:29pm|Categories: Equity Market Analysis|Tags: , , , |Comments Off on Trade Updates & Market Thoughts

    HSNI Head & Shoulders Pattern

    HSNI (HSN, Inc) may be putting in a right shoulder on a Head & Shoulders topping pattern.  So far, volume patterns are confirming the pattern with volume lower on the advance to the head formation vs. the left shoulder advance as well as increased selling volume coming off the peaks of the left shoulder & [...]

    Jan 21, 2014 12:55pm|Categories: Completed Trades - Short|Tags: |Comments Off on HSNI Head & Shoulders Pattern
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