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Short Trade Ideas Updated

The following Short Trade Ideas have all exceeded their previously suggested stop criteria and will be moved from the Active Trades to the Completed Trades category: JASO, MU, STT, C, & FITB.  There are several other trade ideas, both long and short, that have not exceeded their suggested stops but may be removed soon to make room for new trade ideas that offer better R/R profiles at this time.  The AVL long trade also recently moved below its previously suggested stop level and will also be removed.  (The AVL stopped out trade will also be covered under a separate post, assigned [...]

2013-11-20T10:53:34+00:00 Nov 20, 2013 10:53am|Categories: Completed Trades - Short|Tags: , , , , |Comments Off on Short Trade Ideas Updated

STT Short Trade Update & New Objective Entry

As one of the more promising short trades, STT was originally shorted on the break below the bearish rising wedge pattern and remains profitable at this time. STT will also offer another objective short entry or add-on with any close below the orange support line.  Also note the uncanny similarities on the advance of the stock leading up to its highs on the week of May 12th, 2006 with the most current advance (as shown on the weekly chart below).  As back then, State Street Corp has put in negative divergences nearly identical in time and slope, each with the RSI [...]

2017-03-08T21:21:19+00:00 Sep 27, 2013 12:01pm|Categories: Completed Trades - Short|Tags: |Comments Off on STT Short Trade Update & New Objective Entry

STT Short Entry

STT offers an objective short entry on this recent break below the primary uptrend line.  T2 is the current preferred target at this time.  Suggested stop above 71.05

2017-03-08T21:21:25+00:00 Aug 13, 2013 10:00am|Categories: Completed Trades - Short|Tags: |Comments Off on STT Short Entry