Trade Setups

With the market gapping down over 500 points in the Dow, and limits placed in the premarket on selling in the S&P, this is shaping up to be one ugly day. With that said, when the market looks like it is on the brink of catastrophe, is when it most often makes a descent rally

Futures are pointing to a negative opening after weakness overseas in the Asian markets as well as European. Apple and Yahoo had well received earnings reports, but may serve only to provide a cushion for the Nasdaq to the downward selling pressures we are seeing heading in the market’s open. In any case – four

Some early morning skittishness is pointing to a lower open for the major indices. Today is options expiration, so there is no telling the volatility that we could see coming out of this market. It'll be interesting to see how much of a pop Google (GOOG) gives the markets - in particular the Nasdaq. My

Futures pointing down again as global markets sold off over night. In fact Japan had one of its worst days ever in over two decades dropping 9.38%. Europe also had some pretty nasty declines as well. We’ve posted a chart for shorting that we believe will provide a good risk/reward for traders. UFI of all

Futures are pointing down, which isn’t surprising considering that many will be looking to capture gains, or take the reduced losses throughout today. We could see some price swings depending on what we hear from the Do-Worse Congress. Senate will be picking up the bailout plan to vote on, that the House rejected just a

We’re looking at another one of those negative-bias openings. So far futures are showing declines well over 1% – Dow: -189, Nasdaq: -33, and the S&P: -22. This may come as a surprise to some based on how many in the Fed and Congress had been touting this bailout plan, but just because it will

Here’s a potential short that we are looking to jump on should we get the green light. We’ve issued this to our subscribers this morning, with the entry, stop-loss, and target price. The stock’s run up in price has been on no significant news, and has no earnings to speak of. Once the breakdown triggers,

Update: Sold ALSK short at the close on 9/25. It’s getting tough to find ideal short setups now that the SEC has banned financials from being shorted. I can’t tell you how many setups I have to toss out because they fall into the SEC’s list of stocks. It’ll be interesting to see what happens

These guys own The Dallas Morning News, The Providence Journal, and The Press-Enterprise. Problem is they are a newspaper publisher – a dying industry as we all know, as evidenced by their chart below. However they have been on a mini-rally of late and a break below $6 could be the opportunity to jump on

Today’s short involves a utility company, which as an industry has not performed entirely well this year. Below is a utility that has been able to put on a descent run of late, and is now looking primed to be shorted. There already has been a descent decline in this stock – but there remains