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    Short Trade Ideas Updated

    The following trade ideas have been removed from the Active Short Trades categories as they have either exceeded their previous suggested stops (or any reasonable stop, if none suggested) or the stock simply no longer looks to offer an attractive R/R at this time. Some of these trades may have already hit one or more profit targets while others did not. Most trade ideas on RSOTC are immediately removed from the Active Trades category upon reaching the final profit target while trades which are stopped out or no longer look attractive are often removed periodically in bulk. Inquires on Active Trade ideas that have not been recently updated my be requested via the Contact page, located under the Resources section of the menu at the top of the website. ABG: Hit the first profit target on Jan 27th for a 9.7%, consolidated for a few days & began moving lower before reversing about half way to the second target, exceeding both the entry level as well as any reasonable stop. AVGO: Hit the first target (T1) for an 8.3% gain in just 8 trading sessions before bouncing & exceeding the suggested stop level for those targeting T2. FCH: I jumped the gun on this one, posting an entry on the slightest intraday break below the uptrend line, with prices quickly reversing that day and never looking back. i.e.- A false breakdown or pre-mature entry. I've re-adjusted the trendline since & have FCH on my radar for a new short entry soon as the stock is in what appears to be the terminal stages of [...]

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    Jul 9, 2014 6:52pm|Categories: Completed Trades - Short|Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |Comments Off on Short Trade Ideas Updated

    Trade Updates & Market Thoughts

    From time to time, I will share a reply to a question that I've received which might have some usefulness to others following the trade ideas or market commentary on RSOTC.  The following trades; GRA, HSNI, GIS, & ABG, as well as my thoughts on the market are discussed below: Question: I must ask if it's wise to hold the shorts GRA, HSNI, GIS and ABG given the expected bounce off S&P support.  I've read projections that the S&P could go as high as 1830 on this rebound.  I realize each stock is a different situation so generic answer may not be possible.  I guess the question would be: how much of a bounce for S&P is expected and how long before the descent returns? Days, weeks? Those short losses could really mount and I wouldn't want to bail to soon (as is my habit).  Any additional insight is appreciated. Response:   To begin with, although I have not outlined all my likely scenarios for the SPX, a bounce to the 1830 area that might take around 2-4 weeks would probably be the 3rd or 4th most likely scenario in my book right now.  That could give us a nice high-level backtest of the recently broken uptrend line on the [...]

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    Feb 4, 2014 2:29pm|Categories: Equity Market Analysis|Tags: , , , |Comments Off on Trade Updates & Market Thoughts

    Fall From Grace

    GRA daily Jan 27th GRA (W.R. Grace & Co) looks to offer an objective short entry following this recent break below the lower-most of three parallel uptrend lines.  T2 is my preferred target at this time although that may likely be extended soon.  The first target (T1) is 85.91 with three additional targets [...]

    Jan 27, 2014 10:51am|Categories: Completed Trades - Short|Tags: |Comments Off on Fall From Grace
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