Trades in 60 Seconds for week of 10/6/2014: from $ABX to $ZTS


$PANW $UUP $ZTS $CP $KSU $GLD $IAU $BTU $BHP $ABX $SYT $SLV $NE $ESV $RIG
An early look at this past week’s high flyers and deep decliners reveals the power of recent trends in raw materials and the U.S. Dollar. Weekly price bars, with volume filters, indicates trends that emerged in late summer have persisted. Is it “oversold”? According to conventional measures, then the answer is “sure looks like it” but shorter time-frame traders have to deal with that. Price followers with a judicious application of risk-management and a longer time frame may well consider riding these trends. See immediately below for potential “stop exits” to offer a suggested risk cost per idea as well as other trading ideas.

$PANW
entry 101.2, stop 85.7

$UUP
entry 23, stop 22.6

$CP
entry 214.6, stop 204.7

$KSU
entry 122, stop 112

$GLD
short 114.6, stop 119.2

$IAU
short 11.5, stop 12

$BTU
short 11.1, stop 12

$BHP
short 57, stop 52.6

$ABX
short 14.1, stop 15.7

$SYT
short 60, stop 63

$SLV
short 16.1, stop 17.3

$NE
short 20.2, stop 23

$ESV
short 38.2, stop 42.1

$RIG
short 30.1, stop 34

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