In updating the active trades category today, the following short trades will be moved to the completed trades category. All of these trades were stopped out as per the suggested stop criteria from previous posts and as I'm just now getting around to updating that category since the holiday vacation period, many of these trades exceed those stops levels weeks ago and should have been removed a while ago. The following trades will be moved to the Completed Trades category: CUZ, MKC, REGN, TWM There are also a few active shorts that also exceeded their suggested stop levels by a modest [...]
I've received a few comments lately regarding the strength of the Russell 2000 (small caps) so I made this video to share my thoughts on the index. I also covered the charts on the following components of that index in order to get a better feel on where the index itself is likely to go from here. Many of these stocks are either active or recently completed trades on the site so for those who wish to skip forward in the video, here's a list of the charts in the order discussed: $RUT weekly, $RUT daily, $RUT 60 min, WNR, GCO, [...]
i've added an uptrend line within the megaphone pattern (aka- broadening top), of which prices have just broken below. that uptrend line break coincides with prices falling back below that horizontal support level (uppermost line) as well as the 3rd, and likely final, tag of the top of the pattern. T2 is my preferred target on this trade. i am also adding this back to the trade setups category as it CUZ is once again offering an objective short entry at current levels.
as i still have quite a few active trades that i plan to update, i will continue to post those updates throughout the day. however, i will suppress the email notification feature as to prevent flooding everyone's inbox with post notifications on trades that they may or may not be following. i will, however, send out a post notification email later listing all the trade ideas that have been updated as heads up. therefore, you may want to check the site from time to time today for updates if you are holding or following any of the current active trades listed [...]
here some updates to the active short trades. any active shorts not listed here still look fine technically but feel free to email me if you have any specific questions on a trade. [...]
CUZ looks like an objective short here around the 8.00 area with stops not too far above, as it looks to be at the top of both a fully mature broadening top pattern as well as horizontal resistance.