The following short trades will be removed from the Active Trades category. Some of these trades may have already hit one or more profit targets while others failed to reach their price target(s). Many of these trades have also exceeded their suggested stop level while others may not have but in the long overdue process of cleaning up the Trade Ideas, I will be removing any trades that no longer look attractive from a technical perspective in order to make room for some new trade ideas. ALXN, CBK, DDS, DHI, EWJ, HLF, JPM, PHM, TASR, THI, TJX, VAL, WFC, XHB, XLF, [...]
the THI active short looks good for a second entry or add-on around current levels. since the last update, THI made a run for the preferred stop level but fell short, thereby keeping the trade active. prices went on to chop around a bit before hitting the first target and have since bounced back to resistance (the previous tight stop level). based largely on the weekly chart shown here, THI looks like another objective short or add-on to the existing short around current levels.
here some updates to the active short trades. any active shorts not listed here still look fine technically but feel free to email me if you have any specific questions on a trade. [...]
Someone had just asked me about the THI short set-up that was recently posted and for those who might have taken the trade, here is my reply and thoughts along with the updated chart: No, you didn't miss anything. THI is still and active trade and it's even still in the trade set-ups category, which I cleaned up quite a bit today, moving out all the Active Trades that no longer offer objective entry and even some Completed Trades that hit target(s) or were stopped out. However, now that you mention it, I can see that I never added it to [...]
THI looks like an objective short on a break of the intersecting uptrend lines and S1 (horizontal support). targets marked on this 2-day chart.