Technical analysis on DIA (Dow Jones Industrials ETF) and all 30 stocks within the DJIA to provide both trade ideas as well as key levels & developments to watch for. This video is longer than usual, with so many stocks covered on various time frames. Playback speed can be increased in the settings to reduce video duration.
although my last update on the CAT short showed prices just slightly above T3 (3rd and final target), it had a small bounce from there and has now made a full tag of that final target today. although i mentioned in that last post possibly adding some additional downside targets, i just don't think the R/R to remaining short here is worth it. for those that want to continue to swing CAT lower (based on the CAT video overview i did several months back making a case for a long-term swing short), those additional lower horizontal lines on these daily charts [...]
we'll almost but i wanted to give a heads up before the close. CAT is nearly at T3 (final initial target) and although i may add additional longer-term swing targets, this one is about a 25% gainer on a blue-chip stock short (translation: relatively low risk short..don't get those very often). therefore, consider taking profits here as although it can & probably will continue to fall if the market keeps selling off, the risk/reward to staying short here is not warranted IMO. there are plenty of other set-ups and active trades on the site where those funds can be better deployed [...]
For optimal viewing, choose the "Watch on YouTube" option, then choose the HD quality and Large player settings the bottom right of the video window. MAY 30th UPDATE: PLEASE NOTE THAT SEVERAL OF THE TRADES ASSOCIATED WITH THIS VIDEO HAVE ALREADY BEEN COMPLETED AND ARE NOT LONGER ACTIVE TRADES. THEREFORE, IF YOU CAME HERE VIA CLICKING ON A SYMBOL IN THE ACTIVE TRADES CATEGORY, PLEASE GO TO THE RIGHT OF THE PAGE AND CHOOSE THAT PARTICULAR SYMBOL FROM THE "POSTS BY SYMBOL" DROP-DOWN BOX TO SEE IF ANY UPDATED POSTS HAVE BEEN MADE ON THAT TRADE. I EXPECT TO HAVE THIS [...]
CAT has now hit T2 so either take partial or full profits and/or lower your stops if holding out for one of the next target. remember, based on the case that i made in this video of the CAT trade back on feb 1st (click to view), this one has the potential to play out as a long-term swing short. as such, i might add additional downside targets if/once T2 support is clearly broken. until then, T3 continues to remain my preferred downside target. last string of CAT charts relevant to this trade in order as posted.
now that the CAT short has broken below the 1st profit target level (T1) support, the odds of T2 being hit soon are pretty good. charts are in order as posted with today's updated chart last. for anyone interested in this trade, it does hold the potential to be a much longer, more profitable swing trade based on the longer-term charts covered in this video overview i did of CAT back on feb 1st (click here to view CAT video overview). although this video is a couple of months old, it is still very relevant and timely as one of the [...]
for those of you who actively take some of the trade ideas posted here, my apologies to not yet finding the time to post many new set-ups since i returned from vacation last week. however, there are still plenty of triggered and untriggered short ideas that still offer very objective entries. i've had a tough time getting the updates to the site that i am working on but once those changes are completed, i will have a single page clearly listing all trades in each category (Set-ups, Active, and Completed) by symbols with a link to all posts related to each [...]