Lots to cover today so I'm going to try to wrap up some of the more significant recent technical developments in this one update. Starting with the SPY & QQQ, both are experiencing impulsive selling so far today following the recent breakdown & back-test of this bearish rising wedge pattern which helps to validate the [...]
I've clearly stated my expectation for a correction in the semis recently & just wanted to share some thoughts on how to position for a correction in the semis, for those that share my outlook for the sector. In doing so, I also wanted to address the advantages & disadvantages of trading leverage ETFs in [...]
This video is provides a brief (under 12 minutes) overview of the key technical levels, developments & prices targets for the stock market via SPY, QQQ & IWM as well as some of the sectors that stand out as attractive trading opportunities at this time.
The following video provides an update on all of the recent official short trade ideas on Right Side Of The Chart, including all Active Short Trades as well as a few that had recently hit one or more profit targets or exceeded their maximum suggested stop. The following trade ideas are covered in this order: [...]
Member @natdicarlo had requested an update on the SMH / $SOXL short trade in the trading room, pointing out that the semiconductor stocks haven't seemed to receive the memo yet that the leading stocks in the leading tech index (Nasdaq 100) continue to move sharply lower despite the broad market relatively holding up since the [...]
This video provides an overview of the Active Short Trade Ideas currently listed on Right Side Of The Chart along with a brief overview of the broad markets as well as a few of the unofficial short trade ideas that stand out. The following stocks/ETFs are covered (although not in this order) SPY, QQQ, ATVI, [...]
While the recent choppy price action has led to several stop-runs on some of the recent trade ideas, shorts & longs alike, including some of the semiconductor trade ideas, I just wanted to reiterate that the charts still appear to indicate that the semiconductor sector is on the verge of a major correction. Since the [...]