No new activations this week.
Key Highlights: The broad market is trying to avoid being down for five consecutive weeks, with tomorrow’s jobs report expected to be a high volatility event.
Previous Activations
- Short GOOG
- Short ADBE (Tgt 1 hit)
- Short AMZN (Tgt 1 hit)
- Short ITB (Tgt 1 hit)
- Long Corn Future
- Short XLV (Tgt 1 Hit)
- Short Natural Gas – (The trade has been stopped out as price hit the stop loss level).
- Long MRK – (The trade has been stopped out as price hit the stop loss level).
- Short CRM (Tgt 1 hit)
- Short AAPL (Tgt 1 and 2 hit)
- Short SPY (Tgt 1 and 2 hit)
- Short NFLX (Tgt 1 and 2 hit)
- Short XLY (Tgt 1 and 2 hit)
-The trade turned active on September 20 with a break below the trendline.
-Price has turned higher after falling below the 50-DMA, so if the broad market rebounds from here GOOG could see more gains.
Short AMZN (Tgt 1 Hit)
-The trade turned active on September 20 with a break below the trendline.
-Price has not seen any meaningful rebounding after hitting target 1, with target 2 still close by.
Short ADBE (Tgt 1 Hit)
-The setup turned active on September 15 with a move below the trendline.
-Price is continuing to hover around target 1.
Short ITB (Tgt 1 Hit)
-The trade activated on September 13 with a move below the trendline.
-Price has continued lower this week, but is now testing the 200-DMA where it could find some near-term support.
-The trade activated on September 11 with a move above the downward trendline.
-Price briefly fell almost below the stop loss level, but reversed sharply higher as it nears target 1.
Short XLV (Tgt 1 Hit)
-The trade turned active with a break below the trendline on September 5.
-Price has fallen decisively through the trendline this time, within 1% of target 2.
Short CRM (Tgt 1 Hit)
-The trade activated on August 2 with a break below the trendline starting in December of 2022.
-CRM fell below its 50-DMA and hit target 1 again, now making new lows versus August levels.
Short AAPL (Tgt 1 and 2 Hit)
-The trade was activated on August 2 with the break below the trendline that has held since March.
-AAPL continues to be a barometer for risk for this market, with price slightly rebounding so far this week, though it nearly checked back to the 200-DMA.
Short SPY (Tgt 1 and 2 Hit)
-The trade was activated on August 2 with the break below the trendline that has held since May.
-SPY broke out of its channel and hit target 2, but has so far consolidated this week heading into the Friday jobs report.
Short NFLX (Tgt 1 and 2 hit)
-The break below the upward trendline on July 20 activated the short trade as NFLX had lackluster earnings results.
-Significant move below the price channel on September 13 is a material change in the previous bullish technical structure. That move is continuing as price fell below target 1 and is staying near target 2.
Short XLY (Tgt 1 and 2 Hit)
-XLY broke below the trendline which activated the short trade on July 20.
-Price decisively fell below the 100-DMA and hit target 2.
When will you update the trader watchlist to show the above?
Are daily updates possible?
Hi @Growgeek Thanks for your question. The trader watchlist has been updated. This usually takes a little bit of time after the pending or active setups report are posted. Regarding daily updates, that is not something that we are currently thinking about. I hope that answers your questions.
WMT. On a pending report it said it went active on 9/29, but it is not on the active report.
GOT will not do daily updates at this time. They are not thinking about it.