Several swing trade & potential investment ideas that stand out at this time including gold, natural gas, select commodities & stocks. An update on the broad markets via the Nasdaq 100 (QQQ & /NQ emini futures) is also covered at the end of the video.
In reviewing the Active Short Trades category, the following trades will be removed: FCH- Exceeded the 5.50 suggested stop level shortly after it was suggested in the last video update on Jan 23rd. For anyone still in this trade, I think that the odds are still good for at least T1 to be hit soon [...]
the MCD short is only down about 2 1/2% from entry and still looks fine. in the last post, i had suggested a possible stop level on a move above the recent reaction high of 93.32 (stop 1). although that's still a decent stop level for those preferring relatively tight stops, i have also added [...]
here some updates to the active short trades. any active shorts not listed here still look fine technically but feel free to email me if you have any specific questions on a trade. [...]
MCD looks like an objective short here (or after the FOMC announcement, depending on what desperate actions bernanke & co. do or don't take to keep juicing the market high). most notes on these charts but also notice how that channel breakdown on the 2-day period chart coincided perfectly with the recent death cross (50ema [...]