This video provides analysis of the gaming sector via BJK, VanEck Vectors Gaming ETF and the airline sector via $XAL (Amex Airline Index) as well as some of the individual stocks within those sectors that appear to be setting up as promising short-side swing trading opportunities as well as a few potential long-side trading opps. Long trade ideas will follow in a separate video.
Yesterday I had posted a handful of stocks to watch today as they were scheduled to report earnings after the close or before the open today. Interesting enough, most of those stocks have gapped above or below the key technical levels that were highlighted with some reversing at or very near the key nearby support or resistance levels. Here are a few stocks scheduled to report after the bell today or before the open tomorrow that either have the potential to move the market or may be of interest to those already positioned in any of these names. FB (Facebook), as [...]
The outlook for the airline sector, $XAL, as well as the individual stocks within that index, many of which appear to be offering very objective trade setups with above average gain potential. Note: If you click the settings icon (cog/gear icon), you have the option to increase the playback speed of the video (1.25x, 1.5x or 2x playback speed), effectively shortening the duration of the video.
The LUV (Southwest Airlines) short trade has now hit & exceeded the 3rd target for a 20% gain. I have decided to book full profits and revised this to be the final target as the odds for a substantial oversold rally are elevated at this time. For those still shooting for the former final target (28.78 with the actual support at 28.68), consider lowering stops to protect profits. LUV will now be moved to the Completed Trades category without any further updates. LUV daily June 18th
The LUV (Southwest Airlines) short trade currently offers another objective short entry here on the backtest of the recently broken uptrend line. The green lines are the actual resistance levels/targets unadjusted for the optimal buy-to-cover levels. Time permitting, I will study the chart to add those suggested buy-to-cover levels for each of these 4 price targets but for now, best to set your limit orders about 5-7 cents above the first level & 10 cents above the remaining targets. LUV daily April 30th Suggested stops would be calculated using an R/R of 3:1 or better based on your average [...]
LUV daily April 29th LUV (Southwest Airlines) was one of several airline short trade ideas mentioned yesterday and still offers an objective short entry here on this break below this uptrend line. Green lines are potential (unadjusted) price targets with the exact suggested BTC levels & stops to follow.