Short Trades Updated

The following short trades will be moved to the Completed Trades category.  While none of these trades reached their final price target, many of these trades did hit one or more profits targets before bouncing & exceeded their previously suggested (or any reasonable) stop level(s).  As the charts on some of these trades still remain [...]

Oct 28, 2013 10:23am|Categories: Completed Trades - Short|Tags: , , , , , , , , , , , , , , , , , , , |Comments Off on Short Trades Updated

QQQ Update & Short Trade Comments

As a follow-up to the previous post, I wanted to clarify what might be construed as conflicting comments.  Last Monday, while the QQQ was still trading well within the rising wedge pattern as shown on the recent 4-hour charts,  QQQ/QID was added as an Active Short Trade in anticipation of a imminent breakdown of the [...]

Oct 10, 2013 10:10am|Categories: Completed Trades - Short, Equity Market Analysis|Tags: , |Comments Off on QQQ Update & Short Trade Comments

Approximate Price Targets for QID Trade

This 4-hour chart of QID shows the approximate price targets for the Active Trade added earlier today although the actual profits targets will be based off the QQQ chart.  Although the price decay is not nearly as bad on QID as some other leveraged ETFs, as with all leveraged ETFs there is some degree of [...]

Sep 30, 2013 2:57pm|Categories: Completed Trades - Short, Equity Market Analysis|Tags: , |Comments Off on Approximate Price Targets for QID Trade

Shorting the Q’s

This bounce back to near flat on the QQQ seems like an objective opportunity to initiate or add short exposure as an imminent breakdown of this bearish rising seems very likely IMO.  My expectations for the "fireworks" to begin this week far exceeds the ~1%ish gap down in the broad averages today but is more [...]

Sep 30, 2013 12:30pm|Categories: Completed Trades - Short, Equity Market Analysis|Tags: , |Comments Off on Shorting the Q’s

QID update

Regarding the active QID trade, the etf is currently trading at 27.26 vs. the suggested stop on the trade of 27.38.  This trade was entered one week ago with a very tight stop criteria (1 1/2% downside if stopped out) and so I wanted to point out that QID is currently trading below the previously [...]

Feb 1, 2013 1:53pm|Categories: Completed Trades - Short, Equity Market Analysis|Tags: , |Comments Off on QID update

QID trade stop correction

It was just brought to my attention that the suggested stop parameter on today's QID long entry did not make sense.  The correct stop should be on a move under 27.38 which is 1 1/2% BELOW the entry price of 27.80.  My apologies for the confusion.  I guess it was a "Who's on first?..." mix [...]

Jan 24, 2013 9:02pm|Categories: Uncategorized|Tags: |Comments Off on QID trade stop correction

Adding QID short

I know that shorting has been tough lately but I would be remiss not to mention that the $NDX looks like a very objective short entry at current levels.  I believe that a short here with a stop just above the recent highs offers a very good R/R.  As this is a broad market index, [...]

Jan 24, 2013 10:25am|Categories: Equity Market Analysis|Tags: , |Comments Off on Adding QID short