In updating the trade ideas today, the following Short Trade Ideas have either hit their final profit target, were stopped out as per the previously suggested stop criteria (SOAPSC) or no longer look attractive from a risk/reward perspective. Some of these stopped out short trades hit one or more profit targets before reversing & exceeding [...]
FRC daily Oct 13th FRC (First Republic Back) was added as an Active Short Trade back on July 31 at a price of 46.88 with a relatively tight suggested stop of 48.10. The stock bounce a little further than I had anticipated (in sympathy with the broad market) and went on to slightly [...]
FRC daily July 31st FRC (First Republic Bank) offers an objective short entry here around current levels (46.88ish) as it sits just below resistance on the daily chart. FRC was discussed in this post a couple of weeks ago as it was one of numerous regional banks on my watchlist that fell too [...]
One of the reasons that I went ahead and shorted the KRE (Regional Banking Sector ETF) well ahead of the potential Head & Shoulders Pattern breakdown & in spite of a relentless uptrend in the broad market has as much to do with the technical posture of many of the individual regional banks within the [...]