I’ve spent most of the morning reviewing the charts on all of the active trade ideas. While all the active longs still look fine, the short trades is a mixed bag right now: Some with nice embedded gains, some close to entry/breakeven, some close to their suggested stop level and some that have already exceeded their previously suggested stop criteria & need to be removed from the Active Trades category (and into Completed Trades). Those completed trades and their reason for removal are as follows:AMGN- Stopped out as per the previous listed criteria.
BIIB- No stops were listed previously but this trade will be removed because the charts no longer look very constructive.
IBB (and BIS)- Hit first target in November & bounced beyond entry. Chart no longer looks constructive.
CRM- Stopped out as per the previously suggested criteria.
HD- Stopped out as per the previously suggested criteria.
LAMR- Stopped our as per the previously suggested criteria.
TIF- Stopped out as per the previously suggested criteria.
TSCO- Stopped out as per the previously suggested criteria.
WMT- Hit the first of two targets back on Nov 15th, chopped around for months and just recently stopped out as per the previously suggested criteria (a move over 71.70).
QCOM- QCOM actually hit it’s 2nd of 3 targets back on Oct 23rd for a 11.2% gain and bounced from there, eventually exceeding both the original entry as well as the key resistance zone (which was the basis for the original entry).