Trade Setups

I went long on CLMT this afternoon at $22.25 with a stop-loss at $21.27. So far so good – it has been an ideal breakout, already up over 1% on strong volume. Somewhere around $24 would be an ideal place for taking profits. But you know me, I tend to take my profits quick, so

Its looking a little bearish out there to start the week. I wouldn’t say though that the bears have shown me enough conviction to rule out an afternoon rally. Nonetheless, I need to be a good Boy Scout and always be prepared. With that said, I have 9 short setups to take a look at. 

Here’s today’s  breakout plays that I am watching today. Of most interest to me is the setup in RF Micro Devices (RFMD). If it hits, it should see a nice strong move upwards. If not….well…that’s what stop-losses are for. There are about 11 others included in the charts below, so be sure to check them

My one and only trade this morning. Good chance that this is it for my buying today. I am a little bit concerned that the market just can’t see any kind of follow through after Monday’s rally – not to mention gold is down and the dollar is up. Just a lot of things causing

I hate to bombard you all with an obscene amount of charts – but I have no choice but to do so. I plan on sitting out the first 30 minutes at least of trading, as I have plenty of positions to work with, and don’t want to add more if this market doesn’t have the

Finally jumped in on a trade today – Dean Foods (DF) is a stock that I have been watching for well over a week now. I has shown a lot of support at its current price level, and seems to have some pressure mounting for an upside breakout. And when it does, there is a

…Yet I am long at $135.44 after it tested the 50-day moving average and the current trend-line. The risk is minimal at this point – a break below $132.80 and you’ll want to bail out. But I think, especially with the panic we are seeing in it right  now, that it has probably seen the

I’m watching a lot of stocks this morning for potential setups, but the market weakness at the bell is making me stand on the sidelines for right now. However, I wanted to provide you with 9 stocks that are on the verge of breaking out, and should the market regain its footing here, they should

I’ve added Goldman Sachs (GS) at $171.62 and Blue Coat Systems (BCSI) at $30.65. I’ve got about 8 positions in total, but I will use this afternoon to look at taking some gains off the table and even possibly closing out positions all together – with the top two of which being OI, and BZ. 

The market is doing a good job of rallying off of its lows, which is something that we have consistently seen over the last two weeks. Below are six stocks that I believe you need to be playing close attention to. I’ll also be posting my full watch list later on today.  Here are the