I will be spending some time in updating the official short trade ideas today, starting with those trades that have either hit one or more price targets and/or exceeded their maximum suggested stop. Time permitting, I plan to wrap up with a quick video covering all the remaining Active Short Trade ideas & maybe touch on any short trade setups that stand out at this time. Long trade ideas & setups will be updated next. After triggering a short entry on a cross back below the 149.00 level on April 22nd, the AVGO short trade quickly fell to within 3/1oths of [...]
ERX (3x bullish energy sector ETF) will be added as an official short trade here (current price 27.81) with XLE (1x energy sector ETF) or DUG (2x bearish energy sector ETF) as alternative options for those not able to short ERX. Price targets, suggested stops, charts & additional notes will follow asap & you can also reference the video posted earlier today for some potential targets on XLE. As with the NUGT short, I just wanted to get this official entry out asap as the possibility of a sharp selloff is elevated at this time.