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WFM Testing Top of Large Basing Pattern

WFM (Whole Foods Market Inc) is too overbought for my comfort level after a very extended, near-vertical rally from the bottom of this 1.5+ year basing pattern to the top of the trading range. As such, my preference for a long entry will either be a breakout above the top of the base IF the [...]

Apr 17, 2017 11:29am|Categories: Long Setups|Tags: |2 Comments

Short Trades Removed

As I'm now able to focus my efforts on the long overdue process of cleaning up the Trade Ideas category, I am doing so in phases starting with Short Trade Ideas (Setups and Active Trades).  I did a once-over of all the charts and placed one of three symbols next to each trade;  "OK" means [...]

May 8, 2013 12:00pm|Categories: Completed Trades - Short|Tags: , , , , , , , , , |Comments Off on Short Trades Removed

WFM first target hit

The WFM short hit the first target (T1) today for an 11% gain from entry.  I'd probably put about a 50/50 chance on whether or not we get a decent bounce before breaking below that level but my preference is to ride out any bounce and hold out for T2 before booking any profits on [...]

Apr 4, 2013 10:29pm|Categories: Completed Trades - Short|Tags: |Comments Off on WFM first target hit

WFM update, price targets added

In reviewing the short trade ideas, I noticed that the WFM short has been active since just before I started adding the actual price levels to the targets (previous charts just showed a horizontal line at the target level).  Therefore, I have added the suggested target levels to this updated chart.  WFM was originally posted [...]

Feb 26, 2013 4:34pm|Categories: Completed Trades - Short, Trading Tips, Using RSOTC|Tags: |Comments Off on WFM update, price targets added

WFM short update

like an almost "too common" theme, WFM was triggered as an active short on what proved to be a false breakdown about 4 weeks ago.  the fact that we had some many well defined trendlines and technical patterns breakdown that week, only to see prices quickly reverse & close the day back inside/above those patterns/trendlines [...]

Sep 18, 2012 10:48am|Categories: Completed Trades - Short|Tags: |Comments Off on WFM short update