ELLI & CNDS are the last two official short trade ideas that have recently exceeded their suggested stop & as such, will be moved to the Completed Trades category. I wanted to include the charts along with some commentary on both as the help to illustrate a common recurring theme that I've noticed lately which seems to be one of stop clearing runs. Unlike many short trade setups that don't pan out, with the technicals on the stock ultimately firming back up to confirm a bullish trend, what I've repeatedly seen in recent weeks are clearly bearish charts patterns, many of [...]
By request, an update on the semiconductor sector including the recent semiconductor related trade ideas, both those still active as well as those that were recently stopped out. Discussed in the following order are: $SOXX (PHLX Semiconductor Sector Index), SMH (semiconductor ETF), AVGO, AMAT, UEIC, CDNS, NANO, NVDA & DLB.
I received some positive feedback regarding update the trade ideas in video format & will look to publish video updates on the trade ideas on a regular basis going forward. This video covers all of the recent active trade ideas, some of which have just recently exceeded their suggested stops. The video also starts out by covering an unofficial trade idea, CARA (Care Therapeutics Inc) that was posted in the trading room earlier today. I also discuss my own preference to temporarily suspend stops on most of my positions due to the increased likelihood of those stops being clipped over the [...]
The following notes & chart outline the entry criteria, price targets, suggest stop & suggested beta-adjustment for a swing trade in CDNS, Cadence Design Systems.