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PNC Final Target Hit for a 7.5% Gain

PNC daily Oct 16th The PNC (PNC Financial Services Group) short trade hit T1 yesterday which was the sole official profit target at 78.20. I had also listed a second target zone which was likely to be extended as the final target but as I had not made that target official before T1 was hit, I will have to consider this trade completed. For those still short, PNC has a better chance of reaching that second target zone now that the intermediate-term trend is bearish. Consider booking partial or full profits and/or lowering stops if still long. PNC will [...]

2017-03-08T21:20:46+00:00Oct 16, 2014 9:48am|Categories: Completed Trades - Short|Tags: |Comments Off on PNC Final Target Hit for a 7.5% Gain

PNC Short Entry Triggered, Potential 2nd Target Added + SPY Comments

PNC daily July 17th The PNC (PNC Financial Services Group) short trade setup posted yesterday triggered an entry today on a solid move below the 84.52 level. T1 at 78.20 remains the sole profit target for now but I've also added a potential target zone which comes in around the 72-73 area (with the exact suggested buy-to-cover level to be added if/when that target is officially extended). click here to view the live, annotated chart of PNC Additional notes: The BXS short setup posted earlier today has also triggered an entry by crossing below the uptrend line. KRE is [...]

2017-03-08T21:20:52+00:00Jul 17, 2014 12:20pm|Categories: Completed Trades - Short|Tags: |Comments Off on PNC Short Entry Triggered, Potential 2nd Target Added + SPY Comments

PNC Short Trade Setup

PNC daily July 16th PNC (PNC Financial Services Group) will trigger a short entry on any move below 84.52 (today's low). The sole profit target, T1, is 78.20 with a suggested stop above 86.70. Additional downside targets may be added depending on how the broad markets, the regional banking sector & of course, PNC trade going forward. Typically, my preference is either to trade,long or short, a sector ETF or a handful of the individual components of that sector with the most bearish or bullish technicals. One of the primary benefits of trading an ETF in lieu of individual [...]

2017-03-08T21:20:53+00:00Jul 16, 2014 4:29pm|Categories: Completed Trades - Short|Tags: |Comments Off on PNC Short Trade Setup