Short Trades Updated

The following short trades will be moved to the Completed Trades category.  While none of these trades reached their final price target, many of these trades did hit one or more profits targets before bouncing & exceeded their previously suggested (or any reasonable) stop level(s).  As the charts on some of these trades still remain longer-term bearish, feel free contact me if you are following any of these trades & I will be glad to post or email and updated chart with comments.  There are a few Active Short Trades under review that may be removed soon as well but the [...]

2017-03-08T21:21:15+00:00 Oct 28, 2013 10:23am|Categories: Completed Trades - Short|Tags: , , , , , , , , , , , , , , , , , , , |Comments Off on Short Trades Updated

AVP First Target Hit, Additional Target Added

The AVP short trade has hit the first target (20.05) for a 15.6% gain from entry.  Therefore, consider booking partial or full profits and/or lowering your stops, depending on your trading plan.  Although a reaction is likely off this first target (support) level, I am going to officially add that second target that was shown as a possibility on the previous charts.  The updated daily chart is shown below (last) along with the previous daily charts, which give a nice pictorial history of how this trade played out, including the bounce back to resistance which provided an nice second entry on [...]

2013-06-24T12:12:44+00:00 Jun 24, 2013 12:11pm|Categories: Completed Trades - Short|Tags: |Comments Off on AVP First Target Hit, Additional Target Added

AVP Short Trade

I had mistakenly left out AVP in the list of highlighted short trades posted earlier today. AVP still remains one of my favorite swing short trades and with the recent bearish crossover on the weekly PPO (see updated chart below for details), it looks even better now than it did a few weeks ago.  With that being said, never fall in love with a trade.  Stops remain on a move above 25.00 for positions taken on the two previously posted short entries while anyone entering here might consider a stop over 24.00 as the stock has moved down somewhat from those [...]

2017-03-08T21:21:31+00:00 Jun 19, 2013 4:08pm|Categories: Completed Trades - Short|Tags: |Comments Off on AVP Short Trade

AVP Objective Add-on or New Short Entry

AVP appears to be offering another objective short entry or add-on here on this bounce back to resistance following the recent wedge breakdown.  As always, click the blue "tagged" symbol at the bottom of any post to see all prior posts on a specific symbol.  Updated daily chart:

2017-03-08T21:21:32+00:00 Jun 7, 2013 12:48pm|Categories: Completed Trades - Short|Tags: |Comments Off on AVP Objective Add-on or New Short Entry

AVP Short Setup- one of my favorites

Talk about lipstick on a pig....  short setups don't get much better than this:  A very steep, over-extended rising wedge pattern on the daily frame (with confirming divergences in place below and money flows about to go negative) with prices approaching the apex of the wedge pattern while at solid horizontal resistance on the daily chart plus a multi-year downtrend line on the weekly chart.  Two key resistance levels just overhead also help to define an objective stop level as well.  Fundamentally, the negative EPS (ttm) and meager 1% dividend yield doesn't help the bullish case much either. With all that [...]

2013-06-19T15:58:49+00:00 May 22, 2013 4:39pm|Categories: Completed Trades - Short|Tags: |Comments Off on AVP Short Setup- one of my favorites