As I was unable to update the Long Trade ideas before I left for vacation, updates on both individual trades will be posted throughout the day including the “batch” of stopped out trades below. As there are numerous updated to be made in the Long Trades category, email notifications will not be sent out on the remainder of the trade updates today other than any time-sensitive trades. Those signed up for email notifications that are currently following any of the recently active long trade ideas may want to check the site throughout the day for updates. My plan is to bring all trade ideas up-to-date in order to make room for some new trade ideas.
The following Long Trade ideas have either hit one or more profit targets, exceeded their previously suggested stop, or simply no longer look attractive from a technical perspective. As such, these trades will now be move to the Completed Trades category where all associated posts will be archived for future reference.
SGG: Stopped out as per the suggested criteria (SOAPSC) of a move below 39.55 back on Dec 2nd.
KOL: SOAPSC of three consecutive weekly closed below 17.00.
MCP: After hitting the second target for a quick 16% gain, it was suggested to either book profit or tighten up stops as the other rare earth stocks were not exhibiting the same bullish price action as MCP. From there, the stock reversed, exceeding any reasonable stop.
USO- SOAPSC of a 3:1 R/R calculated to any of the previously posted profit targets, none of which were hit.
Some of the other recent Long Trade ideas to be updated soon are LL, AGNC, WLT, CORN, SOYB & NEM.