With our premium members we initiated a short trade on HOG the day after earnings last week due to technical patterns, i.e, support at $39 being violated on large volume. Our price targets are layered below $37.50 and all the way down to $35.10 for the most agressive traders.
There is an outside day in silver in progress today and I am short the SLV as of late morning. A target at $38 is feasible in the very near term, stop is at today's high of $40.33
Yesterday I blogged about OPEN's weak price action (http://steadytrader.wpengine.com/short-opportunity-in-open-table-open/). While there is support at the $103 mark, yesterday's sell-off left an ugly looking outside (engulfing candlestick) bar. I am putting this short in bucket 2, specifically with a time-frame of no more than 3 days as I am looking for some follow-through of yesterday's […]
I see an opportunity for a quick bucket 2 short-side stab in OPEN . Today left an ugly looking bar on both daily and weekly chart after a downgrade from Citi. Stops could be placed around $109 and a profit target near $100.