Trade Ideas & Stock Market Analysis (video)

This video highlights several trade ideas that may be added as official trades soon but also discusses my preference to "let the dust settle" before opening many new swing trade positions due to the increased volatility & intraday price swings that usually follow a sharp drop in the market. These swift & relatively large intraday rips & dips greatly increase the chance of any well-placed stops loss orders being run, even if the trade goes on to hit the price target shortly afterwards. My near-term scenarios as well as some key technical levels to watch on the broad market are discussed [...]

2018-02-28T16:52:44+00:00 Feb 8, 2018 11:04am|Categories: Equity Market Analysis, Unofficial Trade Ideas|Tags: , , , , , , , , , , , , , |0 Comments

Are Defense Stocks A Buy?

Question posted in the trading room last night which I figured that I'd respond to on the front page for all to see: Randy when you get the chance some day, can you take a look at the US defense sector please (including stocks like LMT, GD, HON, BA, etc)? I am thinking this sector may be a good buy at some point if we can ever get a decent market correction, given how Trump and both parties seem to want to increase defense spending. Thanks Actually, I just looked at them after watching the 7 minute condensed version of Trump's [...]

2017-03-08T21:19:08+00:00 Mar 3, 2017 9:41am|Categories: Equity Market Analysis|Tags: , , , , |4 Comments

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 [...]

2014-07-09T18:52:33+00:00 Jul 9, 2014 6:52pm|Categories: Completed Trades - Short|Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |Comments Off on Short Trade Ideas Updated

HON Short Entry & Setup + Admin Notes

HON will be added as an Active Short Trade here on this break below this large bearish rising wedge pattern.  Targets are marked on this daily chart with the exact suggest target levels to follow.  A suggested stop on a move above 89.60 (just above the recent highs) offers a R/R of about 3:1 to my current preferred target of the T2 zone (76.30-75.40).  As always, stops should be set commensurate with one's own risk tolerance, trading style and preferred profit target. On an administrative note:  I'm noticing quite a few potentially significant technical developments today (obviously bearish).  As the frequency of [...]

2017-03-08T21:21:10+00:00 Dec 11, 2013 3:29pm|Categories: Completed Trades - Short|Tags: |Comments Off on HON Short Entry & Setup + Admin Notes

Aerospace & Defense Sector Overview

I've put together a video covering the Aerospace & Defense Sector and a dozen of the individual components with charts that stood out to me.  As a lot has happened in the markets over the last few weeks that has damped the longer-term bearish case and strengthened the bullish case, a dilemma has developed lately which is a very obscure, or more precise, a conflicting technical picture.  From a longer-term perspective (weekly charts), I continue to believe that the technicals are bearish.  Nearly all major US indices are at or near key multi-year resistance while most or all have recently broken [...]

2013-01-09T12:41:31+00:00 Jan 9, 2013 11:57am|Categories: Equity Market Analysis|Tags: , , , , , , , , , , , |Comments Off on Aerospace & Defense Sector Overview