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), [...]
here some updates to the active short trades. any active shorts not listed here still look fine technically but feel free to email me if you have any specific questions on a trade. [...]
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.