Short Trades Updated

The following short trades will be moved to the Completed Trades (Short) category as they have either exceed the previous suggested stop (or any reasonable stop, if none suggested) or the technicals no longer warrant remaining short at this time. Several of the Active Short trades still look to offer objective entries or add-ons at this time with others trading right at or just above key support level, which may offer another objective entry or add-0n once those levels are taken out. I plan to highlight some of the more promising short trades soon in addition to adding some new trade [...]

2017-03-08T21:20:46+00:00Oct 10, 2014 3:24pm|Categories: Completed Trades - Short|Tags: , , , , , , , |Comments Off on Short Trades 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 [...]

2017-03-08T21:21:05+00:00Feb 4, 2014 2:29pm|Categories: Equity Market Analysis|Tags: , , , |Comments Off on Trade Updates & Market Thoughts

HSNI Head & Shoulders Pattern

HSNI (HSN, Inc) may be putting in a right shoulder on a Head & Shoulders topping pattern.  So far, volume patterns are confirming the pattern with volume lower on the advance to the head formation vs. the left shoulder advance as well as increased selling volume coming off the peaks of the left shoulder & head.  Ideally, volume will start to increase as (if) prices fall to the neckline with the pattern triggering a short entry on a break below the neckline.  Aggressive traders may take a partial short position on a break below 56.80, bringing to a full position on [...]

2014-10-10T15:34:44+00:00Jan 21, 2014 12:55pm|Categories: Completed Trades - Short|Tags: |Comments Off on HSNI Head & Shoulders Pattern