Trade Setups

LONG: ProShares UltraShort S&P 500 (SDS) Two new trades to report this morning. If you saw my last post, you’ll notice that I mentioned some resistance overhead that the S&P could be running into. So far, that is exactly what has happened. As a result, I put my capital to work on that theory and

In markets where an unusual amount of selling pressure starts to creep in, it is hard not to find setups that aren’t crumbling to the downward momentum that is prevalent across the board. However, there are four stocks, that are holding up to the selling pressures quite well over the past two days, and should

I’m not willing to say that the lights have been turned out on the bull’s rally parade of late, but I do think they are looking at some major problems here, that they need to soon correct, before the bears are finally resuscitated back to life. In my short positions that I executed this morning,

Market beginning to look a bit toppy in my humble opinion, and with the market in general being quite overbought in every sense of the word, I want to throw out some shorting ideas in the form of stocks waving the bear-flag for a breakdown. Here are 9 Bear-Flag Breakdown Set-Ups.

I finally have something in play this morning – the Gold ETF (GLD). I’m actually shorting it, which makes for my first short position of the new year. My stop-loss is at the point where it tries to fill the gap from earlier this month (1/4). There is a lot of resistance overhead in the

Two new trades this morning. I actually got in BB&T (BBT) at $27.47 and Brigham Exploration (BEXP) at $28.42 – both breakout plays.  LONG: BB&T (BBT)  

Two new trades to report this morning. Both were done on the morning weakness, and once it seemed like the initial selling had calmed down some. The first was Schlumberger (SLB) and F5 Networks (FFIV).  LONG: Schlumberger (SLB)  

Some weakness in the market this morning – not a real concern at this point. We’ll have to see if the dip-buyers rush in to push back the prices into positive territory. If that happens, you have a handful of stocks below that you can play once they breakout.  Here are 9 Breakout Plays.   

Below are seven trade setups that I like going into today, and that I am paying close attention to, for a possible trade entry. Each of the trades below are momentum trades/breakout plays.  Here are the 7 Long Setups I am watching.   

I’ve been following Alkermes (ALKS) for almost a month now waiting for it to breakout. Today we finally got that, but the key for this stock is that it manages to close above the 200-day moving average, which has been a beast for it to break above, at $12.68.  Also adding to the ALKS intrigue