The following video provides a final update to several official Long Swing Trade ideas that have either hit their final price target and/or exceeded their maximum suggested stop. These trades will now be moved to the Completed Trades category where all associated posts will be archived indefinitely for future reference. Typically, an update is posted on each trade once a profit target or the suggested stop is hit. As there were several trades that needed to be removed from the Active Trades category, most of which were already mentioned on the front page or within the trading room as hitting their [...]
Potential trade ideas & developments to watch for this week in the stock market, select commodities, sectors, currencies. The video starts with coverage of the Euro, US Dollar & gold mining stocks, then stock market analysis via QQQ & SPY followed by some potential trade ideas on individual stocks & sector ETFs.
The CTL (CenturyLink Inc.) Swing Trade + Growth & Income Trade has hit the first target (23.52), printing a high of 23.56 so far today before pulling back. That provides a quick 3.6% gain in just over a week with the bullish case continuing to firm up with another recent successful test of support plus a bullish crossover on the PPO & confirmation of the positive divergences pending. As such the likelihood that I will add an additional price has increased although I might wait until after the company reports earnings on Aug 2nd. CTL daily July 21st
The following notes & charts outline the entry criteria, price targets, suggested stop & beta-adjusted position size for a swing trade as well as a growth & income trade in CTL, CenturyLink inc.