I've received a few comments lately regarding the strength of the Russell 2000 (small caps) so I made this video to share my thoughts on the index. I also covered the charts on the following components of that index in order to get a better feel on where the index itself is likely to go [...]
as i have been working on getting the trade ideas cleaned up, i noticed the following short trades have all been stopped out as per the previous posted suggested stop criteria for each trade and will be moved to the completed trades category: GCO, GDX, , IMGN, IYR (hit T1, then bounced and stopped out), [...]
fyi- i just noticed that the recent GCO short setup was mistakenly categorized as a long trade idea. i have moved it to the short setups and active trades categories. the stock is still re-testing the long-term uptrend line, offering an objective short entry with stops not too far above.
GCO looks like an objective short entry here with a stop above the 67.25 area. notes and targets on chart. best to use limit orders for entry & exit on this one due to the spreads.