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Truth is timeless: “Markets never change” – Jesse Livermore, 1923 The early masters, Livermore, Wyckoff and Loeb isolated themselves from the crowd and crowd thinking. None of them ever graduated high-school and yet they each became legends in the market. Their techniques have been time-tested.... More
  • Not On Target 0 comments
    Oct 25, 2013 6:07 PM | about stocks: TGT

    As discussed in the previous update, Target Corporation (NYSE:TGT) had a potential trade set-up in progress. That trade set-up may still be valid but we are going to call it "Not good enough".

    As mentioned in the report, there was a possibility of a push below support with an ensuing reversal.

    We got that reversal during this session. The reversal however, was not strong enough to push above the day's open and in our view, there is no long trade warranted.

    TGT may still move higher from here but we need something stronger.

    The trade setup has been negated. In addition, because of the heaviness in TGT observed during the session, we are now looking for a potential shorting opportunity. More on that later.

    (click to enlarge)TGT Daily chart with notes

    Charts by


    This report is for discussion purposes and contains our opinions only. This posting is to publicly document our thinking and market analysis actions within the Three Ten Trading entity. The data was obtained from sources believed to be reliable. However, we make no guarantee as to the accuracy of that data.

    Investing or trading in equities, futures or options may result in a significant loss of capital, total loss of capital or a loss greater than available capital.

    We are not advocating any stock or in any way offering portfolio management advice or stock selection service.


    Paul Mosgovoy, President: Three Ten Trading, LLC

    Thank you for reading.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: TGT
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