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 [...]
This video cover the following components of TAN (Guggenheim Solar ETF) in the following order: TAN, GTAT, CSIQ, HSOL, JASO, YGE, SOL, FSLR, TSL, JKS, SCTY, & SPWR.
This is the first of several video updates covering some of the active trade ideas on the site. The following Active Short Trades, many of which are or will be offering objective new entries or add-ons to an existing position, are discussed in the following order: FB, SOCL, GMCR, GS, GTAT, HLF, HOV. To skip forward to view the discussion on any of these trades, simply click & drag the white circle on the time bar located below the video. Additional updates on some of the remaining trade ideas, both long and short, will follow later today.
After hitting the first target for a quick gain recently, GTAT made a large news-induced gap at the open today on a deal to sell sapphire material to Apple but has so far fallen back to key support. Consider a stop just above today's high of 10.60 if short. Gaps are unavoidable events with any type of trading other than day trading (where all positions are closed out by the end of each day). Sometimes they go they way of your trade, sometimes against you. My preference on any gap that goes against a short position is to wait until the [...]
GTAT hit the first target yesterday for a quick 6.4% gain. Targets remain as previously marked although the suggested buy-to-cover levels have been added. T2 is my preferred target at this time. Updated daily chart.
GTAT is the first of several short setups that I found when reviewing the charts of the solar sector stocks last night. It's been a busy day so far and I've been working up a chart on TAN to post but wanted to share this setup/active trade on GTAT here as it has broken below this key uptrend line and currently offers an objective short entry. I realize that most traders have lost the will to short this market but as I go through the charts, I will continue to post the best looking setups that I come across, long or [...]