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XLF FAS Trade Entry

FAS (3x Bullish Financial Sector ETF) will be added as an Active Short Trade here on the break below this 30-minute bearish rising wedge pattern. The basis for this trade has just as much to do with developments on the daily time frame for the sector (via XLF) although this 30-minute wedge breakdown helps to [...]

Apr 21, 2016 2:10pm|Categories: Completed Trades - Short|Tags: , |7 Comments

Short Trades Category Updated

The following Short Trade Ideas have either hit one or all of their price targets, exceeded their suggested stops and/or no longer look compelling from an R/R perspective. As such, these trades have been moved to the Completed Trades category, along with all associated posts for future reference: ACN - After hitting the first price [...]

Dec 15, 2015 3:42pm|Categories: Completed Trades - Short|Tags: , , , , , , , , , , , , |Comments Off on Short Trades Category Updated

XLF FAS Short Trade Price Target

Shortly after closing out the previous FAS short trade for a 29% gain in exactly one month, with a nearly perfectly timed exit on the morning the big August 24th meltdown, FAS (3x long financial ETF) was once again posted as a new short setup in this post last week & went on to trigger [...]

Sep 10, 2015 12:19pm|Categories: Completed Trades - Short|Tags: , |Comments Off on XLF FAS Short Trade Price Target

XLF FAS Short Trade Setup

XLF (Financial Sector ETF) is likely to spark a new downtrend should prices break below both this extremely well-defined downtrend line (6 reactions) AND the bottom of this triangle pattern. As I still favor considerable downside in US equities in the coming months & the financials still one of my favorite swing short candidates, FAS [...]

Sep 3, 2015 2:09pm|Categories: Completed Trades - Short|Tags: , |Comments Off on XLF FAS Short Trade Setup

Closing FAS Short Trade

XLF is indicated to gap below the previously stated first target of 23.15 & is currently trading just below the 23ish support level at 22.55 in pre-market right now. I am revising the final target to this level (covering in pre-market) & may re-short XLF following a bounce. Note: This chart DOES NOT reflect today's [...]

Aug 24, 2015 9:24am|Categories: Completed Trades - Short|Tags: , |Comments Off on Closing FAS Short Trade
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