I exited the AAPL short today at $183 for a nice gain. Stock is nearing support. If support breaks, I may re-enter.This morning I entered GMCR SHORT based on the breakdown-pullback setup. Stop is above the moving average.
Breakout-Pullback Setup: CSH
CSH has been trending nicely. It recently broke out and has now pulled back to support.
Short Setup: FUQI
I pointed to FUQI as a short when it was around $30. I took the trade, which would have been successful had I used a wider stop. It's now broke down below the 50 day moving average and is showing distribution in the volume pattern. I will short on a pullback to the moving average,... Continue Reading →
STEC Short Entry: Time to Take Profits?
Is it time to take profits in the STEC short? Entry was made back on September 24th at $30.75., so we are looking at a 15-20 percent gain.My general approach to exits is to set a target based on support/resistance levels and take a partial profit at that level. As you can see from the... Continue Reading →
The X Short Trade
On Friday I pointed to the X short setup, if X was to pullback to the 50 day moving average. We got that yesterday. As noted to Trade Report members yesterday, I took the short entry, with a stop just above the moving average.This is a variation of the breakdown-pullback short setup.
Moving Average Breakdown in U.S. Steel (X)
X has broke down below the 50 day moving average and looks good for short entry on a pullback or weak bounce.
CPLA Short Setup
CPLA is showing a classic breakdown-pullback setup. The stock broke down below teh 50 day moving average with strong price bears, and now is in the midst of an orderly pullback to resistance.
Setup: Breakdown-Pullback off Trend Failure
CALM broke down from a parabolic uptrend. I'd like to enter short on a weak bounce.
Short Setup: ACI
Another day of bounce would setup the perfect short in ACI:
Short Setup: NTRS
I went short NTRS this morning. The stock has broke down below support, pulled back and shows a negative volume pattern.