The following recent Active Short Trades will be moved to the Completed Trades category in order to make room for some more attractive trading opportunities. Some of these trades hit a profit target while others fell short of their first profit target and have exceeded their previously suggested stop level and/or any reasonable stop level, if one was not suggested. There are several Active Short trades under review for removal in order to made room for new trade ideas. All Completed Trades on RSOTC.com, successful or not, are always moved to the Completed Trades category for future reference. CYH: Stopped out [...]
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.
click on any of the links below to view the live charts of each index or stock discussed. Small cap stocks continue to underperform and will likely do so as the $SPX:$RUT ratio appears to be in the very early stages of a mean reversion. The recent wedge overshoot on the Russell 2000 Index ($RUT) has also been confirmed by prices moving back inside the rising wedge pattern yesterday with additional downside follow-thru today. Wedge overshoots often appear in the final stages of a bearish rising wedge pattern when strong momentum temporarily carries prices above the wedge pattern, only to see [...]
HLF has a very similar setup to the current Z short trade with the stock bear flagging just above the primary uptrend line. A break below that dual support level will trigger an objective short entry. Daily chart shown, click here to view the live chart. I plan to update the Active Short Trades this week as the recent rally in the broad markets has unwound the bearish technicals on some of the active short trades. I'm also looking at possibly adding back some of the gold & silver mining stocks that were removed upon hitting their final price targets when [...]
The following short trades will be removed from the Active Trades category. Some of these trades may have already hit one or more profit targets while others failed to reach their price target(s). Many of these trades have also exceeded their suggested stop level while others may not have but in the long overdue process of cleaning up the Trade Ideas, I will be removing any trades that no longer look attractive from a technical perspective in order to make room for some new trade ideas. ALXN, CBK, DDS, DHI, EWJ, HLF, JPM, PHM, TASR, THI, TJX, VAL, WFC, XHB, XLF, [...]
Apparently the halt on HLF was much ado about nothing. In fact, the nearly 2 1/2 hour halt was on news that doesn't even materially impact HLF's financials or fundamentals. The halt was due to KPMG resigning as their auditor since one of their partners has been fired over alleged insider trading in the stock. HLF has resumed trading and has opened down slightly. As this trade currently has a 13% profit from entry (much more if some or all of the 19% gain was booked as suggested when T2 was hit and HLF was re-shorted after the expected bounce), it [...]
As we still await trading to resume in HLF, I did want to share this: As stated before, I will share my exit plan if the news is positive for the stock and it opens considerably higher. If the news goes our way (for those of us who are short) I very well might extend my final target beyond T3, which was previously listed as the final target on this trade. In cases like this where a stock is halted on pending news and will almost certainly make a considerable gap in one direction or the other, my preference is to [...]