Trade Setups

Jumped into FFIV earlier today at $106.60, and has done nothing but helped blunt the losses in PGH, KEY and a few other holdings. A few of the other stocks that I’ve traded today, was Apple (AAPL) at $345.81 and SPY at $130.42, both off of the 50-day moving averages, and when Oil shot up

Took on one new position this morning in Melco Crown (MPEL) by going long in it at $7.43. On the day the market is looking a bit shakey today, trying to continue the day-to-day pattern of up-down-up-down-up-down. Stuck in a triangle pattern on the daily charts, the S&P looks like it is prime for an

Two new trades to report this morning – I bought Liz Claiborne (LIZ) at $5.56 on a bull flag breakout after forming a double bottom of late. But I must say I had a hard time owning up to buying such a “mamby-pamby” stock, and may have to turn in my “Man-Card” after the the

Nothing for the bulls to get excited about today, as the market is providing that rare follow through day on the previous day’s trading session. The best advice that I have right now is to resist the  urge to try and game this market today. Instead, wait for the indices to improve their current situation,

Market isn’t looking too hot today, and it continues its ‘chop-fest’ of trying to bring the most pain to greatest amount of people on both sides of the trade. I’ve managed to hold my own today with a day-trade in JDS Uniphase (JDSU) that yielded a quick 3.5%, and an upgrade in LSCC. My other

My setup in Lattice Semiconductor Corp. (LSCC) triggered today when it broke through $6.75, and I got filled at $6.76. I’m using a stop loss of $6.52 which is just below the days lows. The reason for this is because A) it was the closest support level that I could find, and B) if the

I jumped out of my long position in SCO which was a UltraShort ETF on Crude Oil. Made an okay gain on it, but I just didn’t like how oil was reacting to the rally we were seeing in the broader markets.  My only other trade this morning was Savient Pharmaceuticals (SVNT) which I got

I jumped in NFLX this morning at $203.94, but not surprisingly am a tad-bit underwater with the recent downturn we saw shortly thereafter in the broader markets. However, the 50-day moving average so far has held its own and if it this market can manage even a slight turnaround, we should see a descent pop

Only one trade so far, and I took it in Pfizer (PFE). But I am looking at a few others that are very intriguing – Netflix (NFLX) is one of them, with it currently testing the 50-day moving average, it could see a sizable bounce. Here’s the chart analysis and setup on PFE.

Busy day of new swing trades. I’ve got four positions working for me, the last two of which were added this afternoon, and that puts me at about 30% of committed capital. With tomorrow being the beginning of the new month, we’ll see if the market can continue to work its beginning of the month