$RUT Top Ten Components

These are the daily charts of the ten largest components of the Russell 2000 Index (posted in descending order by weighting).  Rarely have I even seen such screamingly bearish patterns on nearly every top component in a major, diversified index such as this.  Of course, these stocks are also extremely overbought on the daily, weekly and even monthly time frames.  Personally, I'm expecting much more than the run-of-the-mill 3-5% pullback that most pundits on the street are calling for.  As taking screen captures and annotating 10 chart takes a considerable amount of time, my notes on the charts are minimal but [...]

2013-04-01T10:18:56+00:00Mar 22, 2013 12:09pm|Categories: Equity Market Analysis|Tags: , , , , , , , , , , |Comments Off on $RUT Top Ten Components

Recently closed short trades

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 but I'm trying to move out some of the less attractive trades ideas on the site to make room for some new trade ideas so FCH will be moved to the Completed Trades Category. GMCR- Stopped out as per the suggested criteria back on Jan 2nd. [...]

2013-02-25T22:51:02+00:00Feb 25, 2013 10:51pm|Categories: Completed Trades - Short|Tags: , , , , |Comments Off on Recently closed short trades

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

PCYC first target hit

i have been away from the computer all day and will not be able to make anymore posts until later this evening.  in checking in quickly, i see that PCYC was down big today to hit (and exceed) the first target for a 20.7% gain (from entry to the T1 level at 48.50).  consider booking partial or full profits and/or lowering your stops, depending on your trading plan.  my preferred swing target on this trade is currently T3.  there may be other trades that have hit targets, stops, or triggered entries today but i'll have to go over the rest of [...]

2017-03-08T21:22:00+00:00Nov 5, 2012 2:24pm|Categories: Completed Trades - Short|Tags: |Comments Off on PCYC first target 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+00:00Oct 30, 2012 3:42pm|Categories: Completed Trades - Short, Equity Market Analysis|Tags: , , , , , , , , , , , , , |Comments Off on Biotech Short Trade Ideas Video

shorting PCYC

actually, i already had a position on this one going into today buy i am adding PCYC as an official active short trade idea here as it is starting to crack below this sub-uptrend line and looks to be offering an objective entry.  unfortunately, they just finished repairing my internet service so i've been unable to put together the video overview of the biotech trades that i mentioned last night.  therefore, i will try to post some static charts on those trades that look like objective entries around current levels, starting with this daily chart of PCYC.  targets and suggested stop [...]

2017-03-08T21:22:03+00:00Oct 22, 2012 2:24pm|Categories: Completed Trades - Short|Tags: |Comments Off on shorting PCYC

biotech short trade ideas

one of my favorite sectors to short at this time is the biotech sector.  in fact, there are so many nice charts that i really can't pick any one or two favorites (although the recently triggered BIIB active trade is one of my top picks).  therefore, i will try to put together a video covering the trade ideas in that sector asap, hopefully tomorrow.  i went thru the charts of all 116 components of the IBB (iShares Biotechnology Index Fund ETF) and here is list of some of the best looking shorts in the group, as well as two longs that [...]

2017-03-08T21:22:03+00:00Oct 21, 2012 10:45pm|Categories: Completed Trades - Short|Tags: , , , , , , , , , , , , , , |Comments Off on biotech short trade ideas