SBUX gets another earnings miss SHORT

SBUX on the dialy chart may be another candidate to short while the general market remains

challenging in the face of the loss of anticipated rate cuts and ongoing geopolitical risk.

SBUX has been trending down for nearly six months and the earnings miss add emphaisis to the

trend. At this juncture, there is nothing to suggest a turnaround. I am adding SBUX to

my short list. I will look for pivot highs on a lower time frame and average into an overall

position in pieces.

Trade active:

SBUX waterfell today. Partial profit taken. Looking for a correction before the end of the week.

Trade closed: target reached:

SBUX fell into support and is at a bottom. Trade closed iwth greatprofit. Long tarade taken with expectation of a slow and gradual gain for realized profit.