This video begins with the near-term outlook for the US stock market via SPY, QQQ & IWM followed by coverage of the following stocks, sectors & commodities that stand out as potential trading opportunities at this time: WEAT, JJG, DBA, CHOC, NIB, $COCOA, FCEL, DDS, M, AZPN, NVDA, SMH, IPI, MOS & POT.
In updating the trade ideas today, the following stocks will be removed from the Active Trades category to the Completed Trades category in order to focus on the most attractive opportunities at this time. Many of these trades have already hit a profit target or remain profitable at this time while a few are slightly [...]
This is the second and final video covering the highlighted Active Short Trade Ideas (with a separate video covering the Long Trade Ideas to follow). The trade ideas/charts are discussed in the following order: HSOL, HTZ, JASO, JPM, KBH, M, MIC, NTRS, OSTK, PWRD, QIHU, SPB, TSLA, YUM, & Z. To skip ahead to coverage [...]
M has hit & slightly exceeded the first target for a 5.5% gain so consider booking partial or full profits and/or lowering stops, depending on your trading plan. FWIW, I highly prefer T2 (42.08) as the final & sole target to book full profits for this trade at this time.
M (Macy's) is indicated to gap lower today on an earnings miss. M was added as an active short one week ago with the target levels drawn on the chart but the specific suggested price target levels were to follow. T1 (first target) is 45.25 with T2 (the final & preferred swing target) at 42.08. [...]
I spent some time pouring over the charts last night looking for trade ideas. In doing so, I came up with numerous candidates, both long and short. Some of these trade ideas are already listed as Active Trades on the site and/or Trade Setups while many are not. I'm going to start with the short [...]
M will be added as an active short here on the breakdown of this bearish rising wedge pattern. Targets are listed on the chart although the exact targets levels & suggested stop parameters will follow soon. Daily chart: