Short Trade Ideas Category Updated

In updating the trade ideas today, the following Short Trade Ideas have either hit their final profit target, were stopped out as per the previously suggested stop criteria (SOAPSC) or no longer look attractive from a risk/reward perspective. Some of these stopped out short trades hit one or more profit targets before reversing & exceeding their suggested stop while others failed to reach any downside profit target. As always, all completed trade ideas on RSOTC are archived indefinitely under the Completed Trades category for future reference. AON: Dropped 10% following the short entry before reversing just shy of the T1, the [...]

2017-03-08T21:20:42+00:00Dec 8, 2014 10:51am|Categories: Completed Trades - Short|Tags: , , , , , , , , , , , , , , |Comments Off on Short Trade Ideas Category Updated

LYV T1 Hit, More Downside Likely

LYV daily Aug 6th LYV (Live Nation Entertainment) was posted as a Short Setup on July 29 & went on to trigger an entry on a solid break below the uptrend line two days later on July 31st. The stock gapped down the next trading session to hit the first target of 21.62 for a gain of 8.0%. As expected, the stock has experienced a reaction by pausing or consolidating around the T1 level since then and has started moving lower today. T2 at 20.14 is my current preferred target for this trade and with prices starting to move [...]

2017-03-08T21:20:51+00:00Aug 6, 2014 3:13pm|Categories: Completed Trades - Short|Tags: |Comments Off on LYV T1 Hit, More Downside Likely

LYV Short Trade Setup

LYV (Live Nation Entertainment) will trigger a short entry on a break below the daily uptrend line. In addition to the divergent high in place on the daily time frame, LYV is also challenging its all-time highs while the RSI is also turning lower following a divergent high that was put in at extreme overbought levels. Stops TBD upon entry.  Note: LYV is scheduled to report earnings this Thursday, July 31st, after the market close.    Click here to view the live, annotated daily chart of LYV

2014-08-06T14:52:20+00:00Jul 29, 2014 11:49am|Categories: Completed Trades - Short|Tags: |Comments Off on LYV Short Trade Setup