Sears Holding Corp (NASDAQ_SHLD) announced today that it will be closing up to 120 stores in its Kmart and Sears chains to focus on the stronger stores. This news made the stock drop more than 19% today at the open. Of course MarketClub members were on the right side of this move down well in advance of the news by following the Trade Triangles. The Trade Triangles signaled an entry into a Short position on 12/14/11 @ 51.14. With a current price of 36.92 members are sitting on a profit of 14.22 per share (+27.80%).
If you are not using the Trade Triangles become a member today!
Every Success,
The MarketClub Team

If you follow our blog, then you are definitely familiar with trader Larry Levin, President of Trading Advantage LLC. We have gotten such a great response from some of his past posts that he has agreed to share one more of his favorite trading tips as a special treat to our viewers. Determining the direction of the market can be tricky and just plain confusing at times, but Larry’s expert opinion keeps it simple and straight-to-the-point.