Trade Setups

Last week RIMM missed their revenue estimates big time, and as a result saw their stock price fall from the mid-80’s down into the 60’s. Today is the first day that it has showed any positive signs – showing strength at and around $66-67. This is a major support level for RIMM, and I have

Be sure to become a member if you haven't yet by Clicking Here. Today's trade setup offers an excellent risk/reward scenerio in an industry that has recently been showing some descent strength. Check it out!

If you subscribed to our membership area (and you are without excuse since it’s FREE) you were alerted to Compton Petroleum (CMZ). I’m not typically a fan of stocks under $5 since 1) the opportunity for loss beyond the stop-loss is much higher then normal, and 2) for the wild price swings that come about

Picked up Apple today at $175 on a breakout of consolidation. My stop loss is at $163.50. My initial target is rounded off at $200, but that isn't necessarily where I am going to close the position out at, but I will take some profits there if it can rally to that point. Stay tuned...I'll

If you are a chart-reading enthusiast like myself, you know doubt are familiar with the head and shoulders pattern that started to form back in May and was completed in early July on all the major indices (minus the NASDAQ which managed only to form a Double-Top). There were undoubtedly thousands of traders watching this

Scanning the charts this evening, I came across what appears to be a textbook short setup in Terra Industries (TRA). They are an agricultural chemicals company which has been a bullish industry for much of this year, but in this particular stock, after advancing strong in July and August, went completely parabolical, in an unsustainable

I recently wrote a posting on my blog entitled Timing is Everything and I still hold firm to that belief; but a segment of market-timing consists of patience, which is an essential element of trading. Without it, one is likely to over trade and destroy their portfolio in the process. Today, I fell into that

It appears that I may be breaking out of the funk that plagued my trading late last week and early this week. Today was a very solid day with the short play in (BKE), known as Buckle, Inc. If I remember correctly, I think it is store a bunch of teenagers go and shop at

Okay…I didn’t fall asleep while I had my position on RIMM going, but I was complacent today, and the program selling that kicked in during the last 30-minutes of the trading session caught me totally off guard and ill-prepared. I already had it pictured in my mind how the trade was to play out, and