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AVGO & XLE/ERX Stopped Out

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 [...]

May 31, 2016 12:01pm|Categories: Completed Trades - Short|Tags: , , , |Comments Off on AVGO & XLE/ERX Stopped Out

Price Targets For ERX XLE Trade Idea

Due to decay from the 3x leverage, the price targets for the ERX (3x bullish energy sector ETF) short are based off the XLE (1x bullish energy sector ETF) chart, with T2 (62.20) as the current final target. Suggested stop on a close above XLE 67.30. XLE daily chart: XLE daily May 18th [...]

May 18, 2016 2:28pm|Categories: Completed Trades - Short|Tags: , |Comments Off on Price Targets For ERX XLE Trade Idea

ERX XLE Trade Idea

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 [...]

May 18, 2016 2:20pm|Categories: Completed Trades - Short|Tags: , , |Comments Off on ERX XLE Trade Idea

Sector Short Trade Ideas

For those looking for short exposure or hedges to a portfolio of longs, here are a few of the sector ETFs that stand out as short-side swing trading opportunities. While I may add some of these as official trade ideas, I don't have the time to annotate all the charts & list suggested stops & [...]

Apr 27, 2016 11:09am|Categories: Unofficial Short Ideas|Tags: , , , , , , , , , , , , , , |Comments Off on Sector Short Trade Ideas

ERX XLE Bullish Falling Wedge Pattern

ERX/XLE looks poised to run up to some & possibly all of these near-term resistance levels should prices break above this falling wedge pattern. Personally, I'm still keeping things light, trying to refrain from establishing any new positions while the market continues to gyrate within the choppy/sloppy trading range over the last month or so. [...]

Jun 3, 2015 10:50am|Categories: Uncategorized|Tags: , |Comments Off on ERX XLE Bullish Falling Wedge Pattern

US Dollar & Euro Initial Price Targets Hit, ERX XLE Update

While my broad market calls have sucked wind lately, at least some of the other cylinders in my portfolio are firing thanks to my dollar sensitive assets (energy, commodities, precious metals). The charts below are the scenarios posted for UUP (US Dollar Index ETF) and the EUR/USD currency pair on Thursday followed by today's updated [...]

May 19, 2015 10:21am|Categories: Forex (Currencies), Gold & Commodities|Tags: , , , , , , |Comments Off on US Dollar & Euro Initial Price Targets Hit, ERX XLE Update