I spent some time pouring over the charts last night looking for trade ideas. In doing so, I came up with numerous candidates, both long and short. Some of these trade ideas are already listed as Active Trades on the site and/or Trade Setups while many are not.
I’m going to start with the short trades here & plan to follow up with some of the Long Trade Ideas soon. Some of these trades are currently offering objective short entries at current levels while others are still setting up in bearish chart patterns, awaiting a formal breakdown or sell trigger. I will post charts on as many of these as time & resources on the site permit. However, web traffic to the site continue to grow, the capacity of the web-hosting resources are being stretched and we will soon be forced to migrate the site to a more powerful or dedicated web-hosting server. Until then, I will have to limit the number of posts send via email notification to remain under the current email throttling limit of 750/hour. You may have also noticed a few instances where the site was down over the last few months, the result of overload on the server. Both issues will be resolved soon via migrating the site to a more powerful server.
Here are some (but not all) of the short trade ideas that are either offering an objective entry (denoted with an asterisk) or are setting up in a bearish pattern, awaiting an objective short entry such as a breakdown or backtest of recently broken support:
PAA*, SIRI*, ADP, SHW*, MIC*, TSCO, CREE, CRM*, V*, LL, DPZ, JBHT*, HTZ*, HPQ, OSTK*, M*, SPWR, SHLD, EXPE*
As there are quite a few charts that I plan to update throughout the day, the new post email notification feature may be suppressed on some of the trade setups posted today. If so, you will receive a brief summary at the end of the day listing all new charts that were posted. Thank you for your patience & understanding in this matter.