Short Trade Ideas Updated

The following Short Trade ideas have either exceeded their suggested stop(s) or no longer look compelling from a R/R perspective and will be moved to the Completed Trades category: ACN: exceeded the suggested stop over 100.65 on July 17th. ALGT: came with 2% of reaching the first target but then reversed, exceeding both the entry point & any reasonable stop (none suggested). ALK: just printed a divergent high but has exceed both the entry level & any reasonable stop (none suggested). FAS: the FAS short entered on July 10th was stopped out on July 16th when XLF took out the previous [...]

2017-03-08T21:20:21+00:00Jul 30, 2015 1:12pm|Categories: Completed Trades - Short|Tags: , , , , , |Comments Off on Short Trade Ideas Updated

ILMN Short Entry & Setup

ILMN (Illumina Inc) offers an aggressive short entry while near the top of this large rising wedge pattern with a more conservative/conventional entry or add-on to come on a break below the bottom of the wedge. Suggested stops based on a 3:1 R/R to one's preferred target(s). Barring a large gap down, ILMN will be added as an Active Long Trade at the open tomorrow. The large rising wedge pattern on the daily (first) chart below can also been viewed on the weekly (second) chart along with the percentage drops that followed all other similar weekly divergent tops over the last [...]

2017-03-08T21:20:43+00:00Dec 2, 2014 4:57pm|Categories: Completed Trades - Short|Tags: |Comments Off on ILMN Short Entry & Setup