In cleaning up the Active Trades list over the last couple of days, the following short trades have been moved to the Completed Trades category:
FCH- Hit the first target for a quick 7.7% gain in late June before moving above the key downtrend line on the previously posted charts.
DLTR- Hit the first target for a relatively quick 15.6% gain and continued lower but then moved higher before reaching the 2nd target.
DPZ- Stopped out for a loss as per the previously suggested criteria.
LUV- Stopped out for a loss as per the previously suggested criteria.
Note: All the Active Long Trades, Active Long-term Trades, and Trade Setups (both Long and Short) are now up to date. However, I am still working on cleaning up the Active Short Trades category with the intention of removing those trade ideas that no longer appear bearish. There are quite a few Active Short Trades that I have decided to leave on for the time being on my “questionable” list which will be removed soon as well should they and/or the broad market continue much higher. However, with the market still in the typical Wave 2 counter-trend rally range (as recently highlighted in the Analysis of Previous Corrections post), my preference is to hold off just a little longer before removing the bulk of those trades.
For those signed up to receive automated email notifications of new posts, the following trades were updated today with the post notification feature suppressed and may be reference by visiting the home page of Right Side of the Chart: ALK, AXP, COST, & HTZ. Post notifications will continued to be suppressed on non-time sensitive updates to the Trade Ideas over the next day or so, with a notification to be sent out once the updates are completed.