The following Long Trade Ideas will be removed from the Active Trades category (as well as the Long-Term Trades category in the case of NIHD, PEIX, & SKUL which were assigned to both categories). The majority of these trades have already hit at least one or more profit target and although they may still have [...]
For those in the JOUT active long (and Long-Term Trade), consider protecting profits by raising your stops to a solid weekly close below the primary uptrend line which would also be on a move back below the former first target level (24.00), which is now support. Updated weekly chart shown here but also note that [...]
In a nice example of technical analysis, JOUT pulled back and bounced off the uptrend line (to the penny) immediately after hitting T1 (again, to the cent). A solid break over the T1 level, 24.00, will open the door for a move to T2 and as such, any weekly close above that level will provide [...]
JOUT has hit the first target of 24.00 today so consider taking partial or full profits and/or raising your stops if holding out for T2 (31.00). Weekly charts in order as posted with today's updated chart last.
The JOUT long setup triggered an entry back on February 1st on the high-volume break above 22.00 and is getting close to the first target (24.00). My preferred target on the trade at this time is T2 (31.00) however, a reaction (pause or pullback) at or near the T1 level is likely so set your [...]
JOUT would trigger a long entry on either a weekly close or a solid intra-week move on 1.5X or better average volume over the 22.00 level. This stock has been consolidating in the ascending triangle pattern for months now and other than a brief stint over the 22.00 level back in 2007, this stock does [...]
I've received a few comments lately regarding the strength of the Russell 2000 (small caps) so I made this video to share my thoughts on the index. I also covered the charts on the following components of that index in order to get a better feel on where the index itself is likely to go [...]