KRE Scenario Playing Out So Far

KRE (Regional Banking Sector ETF) is playing out as predicted in Friday's post so far with in impulsive move down close to the first bounce target (blue TL) so far today, down nearly 5% on the day. Still unsure of just how far the likely bounce off the 50.15ish support level will run although that should become more apparent if/when we approach that point. Keep in mind that the impulsive nature (large drop on high volume) sharply decreases the odds that this breakout will prove to be a whipsaw signal (i.e.- false breakdown), with more downside in the regional banks likely [...]

2017-03-21T13:24:11+00:00 Mar 21, 2017 1:24pm|Categories: Equity Market Analysis|Tags: |Comments Off on KRE Scenario Playing Out So Far

KRE Regional Bank Sector ETF Outlook

Hard to say how far the bounce off the 50ish support level will run, assuming KRE (Regional Banking ETF) is headed there in the coming weeks as I suspect, but I think the most likely scenarios will be something along these lines... KRE daily March 17th

2017-03-17T12:14:42+00:00 Mar 17, 2017 12:13pm|Categories: Equity Market Analysis|Tags: |Comments Off on KRE Regional Bank Sector ETF Outlook

XLF Descending Broadening Wedge Pattern

I had an inquiry on XLF (Financial Sector ETF) from member @dpandita. After essentially hitting the measured target for the 2015-2016 Inverse Head & Shoulders pattern, XLF has been forming a Descending Broadening Wedge Pattern. An upside breakdown of the pattern & break above the recent highs would be bullish while a downside break of the pattern would obviously have bearish implications. XLF daily Feb 3rd The catalyst behind today’s nearly 2% gain in XLF as well as the 2.58% gain in KRE (Regional Bank ETF) & the primary driver of why SPY & IWM significantly outperformed QQQ (which [...]

2017-03-08T21:19:12+00:00 Feb 3, 2017 4:07pm|Categories: Equity Market Analysis|Tags: , , , , , |Comments Off on XLF Descending Broadening Wedge Pattern

Stock Market, Precious Metals/Miners & Trade Ideas Update (video)

This video starts with analysis on gold, silver, platinum & GDX, followed by coverage of the US stock market (via SPY, QQQ & IWM) various sectors & some of the recent trade ideas posted on Right Side Of The Chart.

2018-01-21T21:17:25+00:00 Jan 17, 2017 3:45pm|Categories: Equity Market Analysis, Gold & Commodities|Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |1 Comment

Official Trade Ideas Overview (video)

This video reviews all of the official trade ideas, both long & short, that are currently listed as Active Swing Trades on Right Side Of The Chart. While the majority are still Active Trades, several of these trades have already hit their final price target or exceeded their maximum suggested stop & will be reassigned to the Completed Trades category asap. I wanted to cover those completed trades as some still look good & most importantly, suggested price targets & stops are just that; suggested. Traders & investors might opt to use their own targets & stops that are inline with [...]

2018-01-21T20:52:29+00:00 Dec 21, 2016 2:02pm|Categories: Equity Market Analysis|Tags: , , , , , , , , , , , , , , , , , , , |2 Comments

KRE Trade Setup & Entry

As a breakdown of this 60-minute bearish rising wedge appears imminent, quite likely to occur on a gap down at the open on Monday, KRE (Regional Banking ETF) will be added as an aggressive short trade here while still inside the wedge pattern. The 'Trump-Pump' in the regional bank stocks in expectation of a dismantling of Dodd-Frank seems overdone, with extreme overbought readings on the daily RSI plus what appears to be an impending high-level bearish crossover on the MACD. The current price targets are T1 at 51.20, T2 at 50.25 & T3 at 49.63 with a suggested stop [...]

2017-03-16T15:25:37+00:00 Dec 2, 2016 1:08pm|Categories: Completed Trades - Short|Tags: |1 Comment

Short Trades Category Updated

The following short trades have either exceeded their suggested stop(s) or no longer look compelling from an risk-reward perspective and will be moved to the Completed Trades category: ADBE: Has traded slightly above the suggested stop of 77.09 over the last several trading sessions, resulting in a relatively small loss of 2.8%. As the R/R on this trade was way above average (over 10:1 R/R to the final target), in hindsight, I should have listed multiple stops, not just the sole suggested stop 77.09 which was based on the distance to the first profit target at 69.85. With that being said, [...]

2015-04-30T09:00:57+00:00 Apr 29, 2015 7:28pm|Categories: Completed Trades - Short|Tags: , , , , , , , , , , |Comments Off on Short Trades Category Updated