I've spent some time in updating both the Trade Setups category as well as the Active Trades category. Trade Setups are trade ideas that are either currently offering an objective entry, such as an active long trade that has pulled back to support, for example. Stocks or ETF's that are setting up in a bullish [...]
Here are the previous and updated charts to the remaining 5 of the top 10 largest components in the Russell 2000 Index ($RUT). The previous charts were from the original post made on March 22nd. The first 5 charts were updated yesterday afternoon. As always, this string of charts can be easily navigated by [...]
These are the daily charts of the ten largest components of the Russell 2000 Index (posted in descending order by weighting). Rarely have I even seen such screamingly bearish patterns on nearly every top component in a major, diversified index such as this. Of course, these stocks are also extremely overbought on the daily, weekly [...]
The OCN short is up 11% since the recently posted backtest/add-on and still has plenty of downside left before reaching it's price target (first and final). I've included a 4 hour chart along with the updated daily chart below. The 4 hour chart highlights a nice ascending & slightly contracting channel. A break below this [...]
OCN looks like an objective add-on or new short entry here as prices have turned down after a recent successful backtest of these dual intersecting trendlines preceded by the recent primary uptrend line breakdown. Suggested stop over 43 area.
OCN is just slightly trading below this uptrend line that I've been tracking for a while. I will consider any move below today's low of 39.60 for a short entry trigger. As of now, my sole and likely final target is 29.25 with a suggested stop on a move above 42.10.