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ELLI & CDNS Stopped Out + Additional Comments

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 [...]

Oct 31, 2016 5:29pm|Categories: Completed Trades - Short|Tags: , |Comments Off on ELLI & CDNS Stopped Out + Additional Comments

ELLI Trade Setup & Entry

ELLI (Eliie Mae Inc) offers an objective short entry following the recent backtest of this bearish rising wedge pattern. Targets shown above with a max. suggested stop above 106.10 (lower, ideally using a 3:1 R/R if targeting any of the early price targets). ELLI daily Oct 6th Keep in mind that swing trades, [...]

Oct 6, 2016 11:33am|Categories: Completed Trades - Short|Tags: |Comments Off on ELLI Trade Setup & Entry

Trade Ideas part 1 (video)

This video covers the charts of about half the stocks currently on my watch-list as potential long and short trading opportunities. The video begins very brief overview of the broad market as well as the breakout above the triangle pattern that was highlighted yesterday on the USO 60-minute chart. Following the USO commentary, the following [...]

Trade Ideas Updated

I've spent some time in updating both the Trade Setups category as well as the Active Trades category.  Trade Setups are trade ideas that are either currently offering an objective entry, such as an active long trade that has pulled back to support, for example.  Stocks or ETF's that are setting up in a bullish [...]

Aug 13, 2013 2:47pm|Categories: Completed Trades - Short|Tags: , , , , , , , |Comments Off on Trade Ideas Updated

ELLI first target hit

ELLI hit the first profit target, 21.30 today (and didn't go a penny lower) for a 12.5% gain in less than 3 trading sessions.  I am going to leave this trade active for now with T2 as the next target and still might consider adding an additional downside target if and when prices make a [...]

Jan 28, 2013 4:38pm|Categories: Completed Trades - Short|Tags: |Comments Off on ELLI first target hit

shorting ELLI

ELLI will be added as an active short trade here at 24.35 as it has recently broken below this ascending triangle pattern.  An additional downside target might be added if/when prices break below T1 as that would be the trigger for a breakdown of a double-top pattern (21.30 would be the base of that pattern, [...]

Jan 24, 2013 10:10am|Categories: Completed Trades - Short|Tags: |Comments Off on shorting ELLI