You’ll recall the previous PARL short posts, and there are three open positions that sit +40.6%, +33.95%, and 13.9%. One must ask the question: How much is enough? Is it ready to take profits? And the answer is no.
Daily chart calls for a 3 impulse down. Daily regression channels call […]
The most significant event today was that Daily Vector flipped to bullish at close. So now daily Vector aligns with the bullish TA in the INDU daily chart, and I am therefore changing my call from bearish to bullish, looking for impulse 3 up, and accompanying rally in the broader market. Should the […]
The sell stop limit was hit yesterday at 6.15 for PARL. A third short position was added and the combined profit intraday today is +20.4%. Falling through a Fuzzy C support area opens up targeting for 5 impulses down.
Technicals are ripe for an impulsive correction in the market in the next 2-3 weeks, perhaps commencing Monday …… so some adjustments are called for in the Technicaltrades.net portfolilo.
I’m looking for $INDU drop impusively to 11500, so seriously consider taking profit on long stock positions or hedging, reentering or adding in a couple […]
EDIT: Less than an hour after this post, a bullish pop stops the position out for -10%.
Yet another short entry point here, as the Fuzzy C fails for PARL.
Adding another position short in the technicaltrades.net portfolio. Stop on this position at 6.81. Target is 3.00. 10% to […]
I just compiled a portfolio to reflect the performance of stocks I’ve mentioned on this site in the last 11 weeks. How has the site performed? Well, with a full 1/3rd of the open trades being shorts, and 86% of the stopouts being from shorts, it’s actually a very impressive performance.
Out of […]