16 Winners of Last 20 Trades
by Mike Paulenoff
June 24, 2016 • 8:27 PM EDT
Mike Paulenoff closed out another 9 equity trades this week, 7 of them profitable, giving him a total of 16 winners of his last 20 trades.
This week's profitable trades were in GRUB, WLL, LNG, TBT, VXX, SLW, and VXX for a cumulative gain of +118.6%. Small losses were incurred in DRV and POT for a total loss of -11.8%.
Below are charts of the VXX from both June 20, when Mike entered the trade at 14.34, and from June 24 when he exited at 16.02, before re-entering long that same day at 15.63 for a 5% day trade.
Mike Paulenoff is the author of MPTrader.com, a real-time diary of his technical analysis & trade alerts
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More Top Calls From Mike
XOM (Exxon Mobil)-- Back on May 19, 2026, a fellow MPTrader member requested an update on XOM. This is what we discussed at that time:My attached Daily Chart setup shows my preferred scenario calling for a near-term peak of the current upmove from the 4/17 low at 141.97 to a target zone from 162 to 165, followed by a rollover and press lower that revisits and possibly breaks the 41/7 low, which also will complete the larger corrective process from the 3/30/26 ATH at 176.41.
Pharma Update: MRK and LLYOn Wednesday (6/24/26), this is what we discussed about MRK:MRK as well, which we see on my attached Daily Chart exhbits a VERY BULLISH technical setup-- quite the opposite of beleaguered PFE. My pattern work argues that all of the price action from the 2/25/26 high at 125.14 represents a high-level bullish digestion period and pattern atop the major upleg from the May 2025 low at 73.31.
On January 2, 2026, this is what I posted about CAVA (Cava Group Casual Mediterranean Cuisine) to MPTrader members:After CAVA's meteoric climb from 29.00 in October 2023 to an ATH at 172.65 in November 2024, the stock rolled over into a relentless decline that hit its low at 43.
On the morning of April 9, 2026, this is what I posted about SMR (NuScale Power Corp) to our Discussion Room for MPTrader members:SMR (Nuscale Power Corp)-- Three views of this beleaguered, former high-flying modular nuclear power producer that has been in the grasp of a relentless six-month, 84% bear phase:-- From the perspective of my 4-hour Chart, SMR has the right look of nearing the completion of the downleg that started at the Jan. 2026 recovery rally high of 22.
On the morning of April 7, 2026, this is what I posted for MPTrader members about my interpretation of the near-term technical setup exhibited by META:My preferred technical scenario for META argues that the stock established a significant near-term low at 520.00 on 3/27/26 that resides within an August 2025 to March 2026, incomplete larger corrective process.
