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BBY Short Target Hit for a 1 week, 30% gain

The BBY (Best Buy Co) short trade gapped below the sole target to open at 25.91, where any standing limit orders to cover would have filled, giving this trade a 30.7% gain from entry exactly a week ago today. Consider booking full profits as this trade will now be considered completed.  Previous & updated static [...]

Jan 16, 2014 1:51pm|Categories: Completed Trades - Short|Tags: |Comments Off on BBY Short Target Hit for a 1 week, 30% gain

Shorting BBY

BBY daily Jan 9th Although BBY (Best Buy) is quite a bit past the breakdown level, the odds for a move down to the 32 area look good enough to initiate a short entry here around 37.40 with a stop not higher than the 39.50 area.  As such, BBY will be added a [...]

Jan 9, 2014 2:19pm|Categories: Completed Trades - Short|Tags: |Comments Off on Shorting BBY

XRT – Retail Stocks Sell Signal Triggered

As expected, it didn't take long (less than 24 hours since yesterday's post) for the retail stocks to break down.  In addition to the four existing Active Short Trades that are components of XRT (COST, RAD, ORLY & NFLX), four additional retail stocks have been added as new trade setups so far today:  ABG, SSI, [...]

Jan 9, 2014 11:56am|Categories: Equity Market Analysis|Tags: , , , , , |Comments Off on XRT – Retail Stocks Sell Signal Triggered