This video starts with analysis on gold, silver, platinum & GDX, followed by coverage of the US stock market (via SPY, QQQ & IWM) various sectors & some of the recent trade ideas posted on Right Side Of The Chart.
The following chart & notes outline the entry criteria, price targets & suggested stop for a swing trade on OZRK, Bank of the Ozarks Inc.
A comprehensive overview of IWM (Russell 2000 Small Cap Index ETF), covering various time-frames (weekly, daily & 60-minute charts) as well as the charts of a handful of the top components of IWM, some of which look to be promising swing trade candidates. This video begins with the long-term view of IWM via 10-year weekly charts, moving down to the daily & then 60-minute charts, followed by a review of the following top components of IWM, including price targets & key technical patterns, support & resistance levels: AMD, TSRO, MSCC, OZRK, RSPP, EXEL, SNX & UBNT.
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 [...]
OZRK daily Sept 23rd OZRK (Bank Of The Ozarks Inc) will be added as an Active Short Trade here around the 33 area in anticipation of a break below this primary uptrend line. More conservative, conventional traders might opt to wait for a confirmed break below the pattern before establishing a short position. T2 (24.71) is the final & preferred target at this time with a suggested stop above 35.50 or below. A short entry at this time should be considered aggressive as not only is this a counter-trend trade but price are still well above this multi-year trendline. [...]