fyi- the issue of navigating between posts in various categories has now been fixed. you should now be able to navigate between posts within each category without any issues.
i posted quite a few trade set-ups on friday, both long and short ideas but with the market so extended in the short-term without a recent correction or consolidation to relieve those overbought conditions, the majority of set-ups that i found were on the short side. these include both stocks making extended moves into resistance as well as some bearish technical pattern formations. i also plan to update some of the recent trade ideas, including some other recently triggered trades that may have been stopped out as well as those that are still active.
as i have mentioned quite a bit lately, there are currently multiple red flags in the stock market that increase the risk to both existing long positions and more so, in my opinion, to establishing new longs at this point in time. again, that does not mean that the market can’t go higher or must correct. it simply means that the risks to holding or establishing long-side positions at this point in time are considerably higher than usual. the market may want to climb another 10%+ before any meaningful correction and although i will continue to post bullish set-ups as i find them, the majority of recent set-ups are short candidates because those patterns stood out to me on the charts that i looked at.
trade ideas posted include both shorter term ideas for the more active trader as well as stocks that look to be positioned for much longer term, larger percentage gains for the investor with a longer-term time horizon or swing-trading style. long-term investors should not be concerned with chart patterns based off intraday time frames (i.e.- 60 min or 15 min charts), nor the set-ups on the daily charts with relatively small profit targets. for example, a longer-term investor might focus on the trade set-ups for HGSI or the various shipping stocks that were posted on friday, while an active trader might look for a quick pull-back trade in the PRU or CAT (for example) short set-ups posted friday, if they believe those trades might align with a correction/pullback in in broad markets in the very near future. basically, my primary goal is to post objective trade set-ups which have well-defined technical entry and exit (profit or stop-loss) levels in which a trader or investor might find useful if those trades align with their own personal trading or investing style, current market bias or, say, to fill a certain void in their portfolio…such as hedging a portfolio of long positions against a possible market correction in order to mitigate any potential losses and avoiding any tax implications of just selling out of the longs.