Short Trades Category Updated

In updating the trade ideas, the following Short Trades have either hit one or more profit targets and/or exceeded their maximum suggested stop with all associated posts to be moved to the Completed Trades category where they will be archived indefinitely for future reference: XOP/GUSH: Hit the first target for a quick 10% gain (on [...]

Sep 15, 2016 10:17am|Categories: Completed Trades - Short|Tags: , , |Comments Off on Short Trades Category Updated

XOP GUSH Trade Update

Despite crude prices rallying over 10% in the same time period, XOP is only up about 3% since the 4/29 short entry. As I had apparently neglected to list a suggested stop earlier, the official stop for the XOP/GUSH trade will now be set to any move above today's high of 38.28. XOP 60-minute [...]

Jun 8, 2016 1:18pm|Categories: Completed Trades - Short|Tags: , |1 Comment

XOP GUSH Trade Update

Although XOP has essentially traded sideways since breaking down (as with the broad markets), I still favor a resumption of the downtrend to the T2 final target of 31.77. A break below this most recent minor uptrend line could be the catalyst for the next wave down. The second 60-minute chart below presents an alternative [...]

May 25, 2016 9:12am|Categories: Completed Trades - Short|Tags: , |6 Comments