Week of July 14

So, I must really like RTI... I am thinking about shorting it again!! As I write this, it is at 32.70. It gapped up recently, and will come down again. So here it is:

Short at 32.30
SL at 33.20
Initial Target at 28.00
RRR is at ~4.66

Risking $5000, if I meet my initial target, I will make $477.78

So... We will see how it works out...

Still in RTI.

It is currently at 30.90
Sold half of my stock for about a 100 profit.
Moved SL to 32.00
Target is still 28.00

I will keep everyone updated!



Got stopped out at 31.50....Not a bad profit, but probably could have made more...

iinvest,

I think I speak for everyone when I say "Thank you" for posting your trades with us!! It is very informative, and allows us to see what you are thinking. Thanks again, and best of luck on your trades!!

Here is another stock to watch this week:

ANF looks like it has some major potential. It has been in a downtrend for a while now. It looks like it is in the middle of a rally, so I would wait for a bearish engulfing candle before I moved on this stock.

Thanks.

Another stock for the watchlist:

CME - This is not a normal stock I would trade, mainly because it is so expensive. Usually I like to stay in the 10-100$ range. But I think this stock has a good set up going.

There is no support for this stock, which greatly increases odds that the stock will do well.

It has been in a downtrend for about 7 months, and shows no signs of stopping.

Right now, it is in the middle of a rally, so I won't trade it yet...
I think it will rally up to about 330$ and then drop again.

If all goes to plan, after the rally, here is what I will do.

Short stock at 325$
Target price is 270
SL is at 340
RRR is 3.6

Keep your eye on this.

VCI:

Here is another one for the short stock watch list.

VCI just recently fell out of its upward trend, and looks to be in the middle of a pullback. As soon as I see a good bearish candle, I am buying this.

It will probably rise to btween 12-12.50 before it goes back down. Once it does that, I will look to short at about 12 (depending on how far it pullsback).

Here is the link:
http://www.finviz.com/quote.ashx?t=VCI&ta=1&p=d&b=1

In CME once it hits 328.00

SL at 335
Target at 300
RRR is 4
Bought 14 shares, looking for a profit of $400

Good luck me...