I’m in the San Jose airport, waiting to fly back to the States, arriving back from vacation later tonight. Market analysis & trade updates will resume as normal tomorrow once I’m back home although the US markets will be closed for trading in observance of Independence Day.
Until then, I just wanted to share that both the QQQ & TVIX trades triggered their suggested stops at the close yesterday. Follow-up posts on both those trades as well as the JO Active Long Trade, which has hit T3 (39.04) today, including the gain & loss calculations, will be posted later tonight or tomorrow with QQQ & TVIX being reassigned to the Completed Trades archives. The final target on JO remains T4 (41.30) at this time although additional targets may be added to that trade.
The KHC Active Long Swing Trade + Long-term Trade continues to consolidate just shy of the first target (T1 at 31.53) after coming within 3 cents of that level back on June 21st.
The PAYX Active Short Trade still looks fine despite the typical oversold bounce over the past few trading sessions.
The AIMT unofficial long trade has impulsive cleared the first target/resistance level of 21.23 today after hitting that level on Monday, followed by the typical consolidation at that level yesterday. Today’s impulsive break above the 21.23 level opens the door for the next advance up to the 22.74 resistance/unadjusted* target level (unofficial trades typically show the actual resistance level as the price target so best to set your sell limit sightly below the actual resistance level you are target to reduce the chances of missing a fill, should the stock reverse just shy of resistance.
Plane is starting to board, have to run now.