Trades: GMCR and AAPL

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.

September 30, 2010 0

Breakout-Pullback Setup: CSH

CSH has been trending nicely. It recently broke out and has now pulled back to support.

October 28, 2009 0

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 →

October 19, 2009 0

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 →

October 13, 2009 0

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.

October 7, 2009 0

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.

October 2, 2009 0

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.

September 18, 2009 0