This video provides analysis of the gaming sector via BJK, VanEck Vectors Gaming ETF and the airline sector via $XAL (Amex Airline Index) as well as some of the individual stocks within those sectors that appear to be setting up as promising short-side swing trading opportunities as well as a few potential long-side trading opps. [...]
The outlook for the airline sector, $XAL, as well as the individual stocks within that index, many of which appear to be offering very objective trade setups with above average gain potential. Note: If you click the settings icon (cog/gear icon), you have the option to increase the playback speed of the video (1.25x, 1.5x [...]
Member @sportofkings had asked for an update on ALK (Alaska Air Group) which was a short trade that hit T2 for a 17% profit before immediately reversing & exceeding the suggested stop. While ALK is no longer an Active Short Trade, sportofkings still has long-term puts which I think have a very good shot of [...]
Last week I had updated the Long Trade Ideas by removing any trades that had either reached their final profit target or exceeded their maximum suggested stops. I am now turning my focus towards updating the Short Trade ideas by first removing the following trades that have either exceeded their suggested stops or no longer [...]
ALK (Alaska Air Group Inc) was added as a Short Trade Setup back in early January, going on to trigger a short entry & then hitting the second profit target about a month later for a 17% gain. As noted both before & after T2 was hit, a "significant reaction" was expected off that level [...]
In updating the trade ideas today, I just noticed that I had not posted any updates on the ALK Active Short Trade since the first price target was hit on January 11th. At that time, I had stated that "T1 (had been) hit for a quick 4.5% gain in less than 2 full trading sessions. [...]
T1 hit for a quick 4.5% gain in less than 2 full trading sessions. While a reaction is likely off the 67.60ish minor support level (dotted line), my expectation is for a continued move to T2 before any significant reaction.