Potential trade ideas & developments to watch for this week in the stock market, select commodities, sectors, currencies. The video starts with coverage of the Euro, US Dollar & gold mining stocks, then stock market analysis via QQQ & SPY followed by some potential trade ideas on individual stocks & sector ETFs.
After the mega-rally (~360%) off the early 2016 lows, PEIX (Pacific Ethanol) may have run the course of the necessary correction needed to alleviate the overbought conditions & negative divergences that were in place at the late 2016 highs. Still some work to be done to firm up the case for a reversal but a break above the downtrend line would be a start. Three likely scenarios shown on the daily chart below. The PPO is currently turning back down at the zero which line indicates that PEIX might need at least one more thrust down before reversing. Either way, a [...]
PEIX (Pacific Ethanol Inc) has hit T2 (the final target) for a 55% gain since the original entry (and 56% since the most recent re-entry/add-on posted on April 6th). Consider booking full profits or at least raising stops, if holding out of the unofficial T3.
An overview of the active long trade ideas plus several other long trade ideas that look compelling at this time, both swing trades as well as longer-term Growth & Income trade ideas. The video starts out covering the Active Long Trade ideas, followed by about 9 unofficial but compelling trade ideas. For those wising to skip ahead to a particular trade, the following stocks are discussed in this order: ABY, LL, MOS, NAT, PEIX, POT, SOYB, WMB, NRF, SPLS, CSX, BBD.B.TO, FXI, RSX, EWA, & EWC.
The following charts & commentary refer to the PEIX trade idea. Please login if registered or sign-up for your 3-week free trial by clicking the title of this post.
What started out as a 'quick overview' of the Active Long Trade ideas currently listed on the site, morphed into a longer video going discussing the outlook these long-side trade ideas as well as some trading tips & suggestions several ways in which to profit from the official trade ideas listed on the site. As this video is quite extensive, one could skip ahead to view the comments on any positions or trade ideas they are interested in. Registered users log in to view a listing to all trades covered, along with the point they are discussed in the video.
PEIX (Pacific Ethanol Inc) has now hit T1 for a 24.2% gain (from the official entry, 34.4% from where the setup was posted) in just 4 trading sessions. Consider booking partial or full profits and/or raising stops, if holding out for any of the additional targets. Previous (Monday's) and today's updated daily charts: