In updating the trade ideas, the following Short Trades have either hit one or more profit targets and/or exceeded their maximum suggested stop with all associated posts to be moved to the Completed Trades category where they will be archived indefinitely for future reference:

XOP/GUSH: Hit the first target for a quick 10% gain (on XOP/~30% on GUSH) back on May 13th & embarked on a multi-month extended sideways trading range from there, coming within ~1½% of the final target, T2 at 31.77 on three separate occasions before a very brief run above the suggested stop of 38.28 last week (as pointed out in the trading room). XOP nearly immediately fell back within the trading range & is currently struggling just below the 36.23 resistance level following the recent stop-run, which printed a divergent high on the 60-minute time frame.

BRKB: This has been a long standing short trade that hit the first target a while back for a 7.3% profit. In reviewing the notes, it appears that a suggested stop was not listed & although the longer-term charts remain bearish (this trade was intended as a multi-month swing short based off the weekly charts) with BRK.B essentially going nowhere since the entry about 3% below current levels, I’m going to go ahead & remove BRK.B from the active trades category in order to streamline the trade ideas.