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Mid-day Market Update, Long Trade Ideas Updated

The US equity markets continue to move sideways within the trading ranges that have formed over the last several months but it is worth noting that the SPY ($SPX) is now sitting precarious close to the bottom of its 3 month trading range which runs from about 198 up to 209. The QQQ ($NDX) although [...]

Jan 29, 2015 1:08pm|Categories: Completed Trades - Long, Equity Market Analysis, Gold & Commodities|Tags: , , , , , , , |Comments Off on Mid-day Market Update, Long Trade Ideas Updated

PT Trade Update, Approaching Support

PT 60 minute Jan 27th PT (Portugal Telecom) is currently trading about 7% below the 0.95 support/resistance level, at the tail-end of the suggested stop range for those targeting T1 at 1.14. However, a decent support level lies just below at .84-.86 for those targeting one or more of the higher "unofficial" targets [...]

Jan 27, 2015 10:43am|Categories: Completed Trades - Long|Tags: |Comments Off on PT Trade Update, Approaching Support

PT Backtesting Support

PT (Portugal Telecom) is currently backtesting the 0.95 former resistance, now support level. PT was a long trade idea on Friday on the breakout above the 0.95 resistance level. That break of horizontal resistance followed a break above a bullish falling wedge pattern as shown on the previous & updated (below) 60 minute & daily [...]

Jan 26, 2015 3:56pm|Categories: Completed Trades - Long|Tags: |Comments Off on PT Backtesting Support

PT (Portugal Telecom) Price Targets

PT daily Jan 22nd close I have decided to set the official price target on yesterday's PT (Portugal Telecom) Long at 1.14 (T1) with additional potential targets, T2 at 1.25 & T3 at 1.52, to be added depending on how PT trades going forward. T1, the current preferred & final target, is set [...]

Jan 23, 2015 8:20am|Categories: Completed Trades - Long|Tags: |Comments Off on PT (Portugal Telecom) Price Targets

PT Long Trade Setup

PT (Portugal Telecom) will trigger an AGGRESSIVE long entry on a break above 0.95. I have yet to determine my exact price targets but plan to follow up with some suggested target levels assuming the stock makes a sustained break above the 0.95 resistance level. However, the 60 minute chart below shows some potential near-term [...]

Jan 22, 2015 3:06pm|Categories: Completed Trades - Long|Tags: |Comments Off on PT Long Trade Setup

PT final target hit

PT has hit (again) the recently revised final target of 5.65 for a 28.4% gain from entry.  As always, longer-term traders or investors might decide to hold out for additional gains and if so, at least consider raising your stops.  However, I no longer believe the R/R remains favorable to remaining long PT so this [...]

Jan 17, 2013 10:11am|Categories: Completed Trades - Long, Long-Term Trades- Completed|Tags: |Comments Off on PT final target hit