Trade Setups

I like this ole’ setup here in Skyworks (SWKS).  There is a massive amount of resistance overhead going back about six months that it is finally breaking through.  There is support at the 50-day moving average that you can put your stop-loss below providing a solid reward-to-risk ratio.  Here’s the trade setup:

Rip-Roarin’ rally today that has SPX shattering resistance levels with authority.  Quite honestly, it is embarrassing to be posting a list of short setups on a day like today where the market makes it entirely nonsensical to be playing any of the shorts below. But it is Tuesday, and that is when I post this

Whether this trend higher chooses to continue its course, remains to be seen. There is still always the headline risk and what could happen between the market close, the overnight price action and where it stands when the market opens the next morning. However, this market could pull a move like what we saw in

Rackspace Hosting (RAX) is having one heck of a day.  First, it confirms the massive inverse head and shoulders pattern and secondly it breaks cleanly above the 50-day moving average. Some very nice action there no doubt. No position for me as it falls outside my risk tolerance in terms of reward/risk. But still a

Wild day in the market but Costco (COST) seems to be the calm in the midst of the storm.  I really like this setup here. You have a clear breakout above resistance which essentially represents the neckline of an inverse head and shoulders pattern.  I’ve gone ahead and provided the ideal trade parameters that’d I’d

It has been a great month so far in The Splash Zone, despite the market craziness! Bring some stability to your own portfolio by signing up for a Free 7-Day Trial to the SharePlanner Splash Zone! With your membership, you will get each and every trade that I make with real-time text and email alerts (international

The bears are in full control of the market so far today. There is no mistaking that. But the internals don’t appear to be painting as bad of a picture at the moment.  – Declining issues on NYSE is over 2000, just barely, but many of the similar sell-offs have been in the range of

Market is up strong so far today, though the entire day can be captured really in the first 15 minutes of trading.  It will be interesting to see what happens when traders get back from the lunch hour and whether they try to pop this market up into the close.  Ideally, I want to see

This downtrend in oil is really amazing.  It also goes to show just how deep the sell-off has been, where we have seen in the past week rallies of 12% and 8% among other days to the upside, and still, USO hasn’t put together enough momentum to push through the downtrend.  To say the least,

This is one of the most difficult rallies to get behind here.  The rally began and picked up steam as bookends of a three-day weekend where China was opening for the first time in over a week, and would have two trading sessions before we opened up for even one. And then there two trading