McKesson Corporation (MCK) was the third bearish reversal trade I did together with ACOR and ABT. It is the most profitable one indeed; I managed to pocket a profit of 117% in 10 trading days. Spotted a “Dark Cloud Cover” bearish reversal candlestick formation on my screener on 15 Jan 08 which has gapped up [...]

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Abbott Laboratories (ABT) was spotted a bearish reversal candlestick formation on my screener together with ACOR, the trade which I have shared with you in my last post. ABT was trending on an upwards channel for the past three months.

There was a strong negative divergence shown on the MACD Histogram strengthening the possibility for a [...]

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My favorite in using options to leverage on short term stock movements is bearish reversal. A Bearish Reversal is a change against the prevailing upward trend. Early detection of a bearish reversal patterns can be very profitable for a Put Option purchase often resulting in triple digits gains. Mastering the ability to identify major Chart [...]

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