Is DE (John Deere) a Short Setup?

A Trade Report member sent me an email about DE. Here is the e-mail and my response I think it is great time to short "DE"? RSI, OBV and MACD are all, the Durable good is bad..While the price pattern is not bearish, I agree in that RSI is showing a slight negative divergence... Continue Reading →

Today’s Trade: DRYS

1000 shares DRYS at $6.60. DRYS is a focus list stock from the Trade Report I send nightly to subscribers.Setup: Breakout-pullback. The stock broke out over the 50 day moving average and has consolidated on low volume. Trade Management: DRYS offers a good risk ratio and trade management. A stop can be placed under the... Continue Reading →

Is This Breakout Sustainable?

The market and leading stocks are breaking out after a short consolidation period and overbought readings that are still extreme. Due to the extreme overbought readings, I'm taking a few "speculative" shorts. However, they are done with caution and small positions size.The idea behind these trades is to expect a small loss. If the trade... Continue Reading →

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