Short Trades Removed

The following short trades will be moved to the Completed Trades category.  Some of these trades were profitable, hitting a price target before bouncing while others were stopped out for a loss.  In in effort to streamline the number of Active Trades on the site, I plan to continue removing any trades that no longer offer a clearly favorable risk-to-reward (R/R) profile throughout the week.  As of now, all remaining Active Short Trades have been reviewed and still look bearish at this time although several are approaching their suggested stop criteria or may be removed should price continue much higher. MDCO- [...]

2017-03-08T21:21:20+00:00 Sep 15, 2013 4:47pm|Categories: Completed Trades - Short|Tags: , , , , , |Comments Off on Short Trades Removed

MDCO First Target Hit

The MDCO short trade hit the first target (30.00) last week for a 9.3% gain from the entry on June 13th. As expected, the stock has been consolidating around that level for the last few days and still offers a chance to book partial or full profits.  T2 at 26.85 remains my final & preferred target for now but I have added a long-term uptrend line that generates off the May 2010 lows that could possibly come in as support before then if prices were to quickly move lower.  If so, that would be my preferred final target vs. the horizontal [...]

2017-03-08T21:21:26+00:00 Jul 29, 2013 10:33am|Categories: Completed Trades - Short|Tags: |Comments Off on MDCO First Target Hit

Shorting MDCO

MDCO will be added as an Active Short Trade here as it backtests this recently broken Ascending Broadening Top Pattern.  From a longer-term perspective, MDCO has fallen back below the recent breakout to multi-year highs, a bearish technical even.  Targets listed on daily chart, suggested stop over 34.70. Daily & weekly charts:

2013-06-13T10:03:28+00:00 Jun 13, 2013 10:03am|Categories: Completed Trades - Short|Tags: |Comments Off on Shorting MDCO

Active short trades to be removed

In updating the trade ideas on the site, the following trades will be removed from the Active Short Trades category.  These trades have either hit one or more profit targets, exceeded their suggested (or any reasonable) stop criteria, or based on the technicals, these trades no longer offer a very attractive risk/reward profile.  Also note that there are a few short trades that have exceeded their suggested stop(s) but still look attractive and as such, will remain as active trades for now.  I will update those charts on an individual basis asap. [...]


2013-01-07T18:20:52+00:00 Jan 7, 2013 6:11pm|Categories: Completed Trades - Short|Tags: , , , , , , , , |Comments Off on Active short trades to be removed

Russell 2000 video overview

I've received a few comments lately regarding the strength of the Russell 2000 (small caps) so I made this video to share my thoughts on the index.  I also covered the charts on the following components of that index in order to get a better feel on where the index itself is likely to go from here.  Many of these stocks are either active or recently completed trades on the site so for those who wish to skip forward in the video, here's a list of the charts in the order discussed: $RUT weekly, $RUT daily, $RUT 60 min, WNR, GCO, [...]

2012-12-21T23:01:26+00:00 Dec 21, 2012 12:43pm|Categories: Equity Market Analysis|Tags: , , , , , , , , , , , , , , , , , , , , , , |Comments Off on Russell 2000 video overview

MDCO short T2 hit

MDCO hit T2 shortly before the close today for about a 16% gain from entry (it was posted along with my other favorite biotech shorts on Sunday, Oct. 21st and opened at 24.61 the next day).  I do favor T3 on this trade although booking some or possibly all profits here might be prudent as a bounce off this level is likely, especially with the IBB closing just above it's first target today.  If we get a move down on MDCO tomorrow morning, especially to the 20.25 area (some decent support there), I might consider booking full profits on this trade [...]

2012-11-08T17:16:51+00:00 Nov 8, 2012 5:16pm|Categories: Completed Trades - Short|Tags: |Comments Off on MDCO short T2 hit

Biotech Short Trade Ideas Video

The biotech sector remainS one of my favorite short trade ideas and I've put together this video covering the charts of the 14 biotech stocks that I posted on October 21st as my favorite individual shorts in the sector (click here to view that post).  Also discussed are the IBB, my preferred ETF for the sector as well as a few alternative etf's (PBE, XBI, BBH, etc...). CLICK HERE TO VIEW THE 10/30/12 BIOTECH SECTOR TRADE IDEAS VIDEO

2017-03-08T21:22:01+00:00 Oct 30, 2012 3:42pm|Categories: Completed Trades - Short, Equity Market Analysis|Tags: , , , , , , , , , , , , , |Comments Off on Biotech Short Trade Ideas Video