The following short trade ideas have already hit one or more profit targets and/or exceeded their suggested stop and will now be moved to the Completed Trades archives for future reference as well as to make room for new trade ideas. Most of these trades were already mentioned as hitting a price target or stop-loss [...]
An update on XHB (homebuilders ETF) and some of my favorite trade ideas in the sector at this time.
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.
SHW (Sherwin-Williams Co.) offers an objective short entry around current levels (352.75) on today's breakdown below this bearish rising wedge pattern. The current price targets are T1 at 331.10 & T2 at 317.35 with a potential third target that might be added, depending how the charts of both SHW & the homebuilder sector (XHB & [...]
SHW (Sherwin-Williams Co.) is one the components of XHB (homebuilders ETF) that is the first to break below a plethora of bearish rising wedge patterns among the various components of that ETF. I had already label this chart with the price targets shown but as the setup was not posted in advance & more importantly, [...]
The following notes & chart outline the entry criterion, price targets, suggested stop & beta-adjusted position size for a swing trade in SHW, Sherwin-Williams Co.
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 [...]