Trade Setups

Delta Airlines (DAL) chart has no appeal to me from a long stand point. It is trying to come out of a downward trend, but there is no higher-high established yet, and to me, simply isn’t worth trading. 

Oh, the lure of this market. The lure to believe that the bottom is in and recklessly start buying stocks until there is not more cash left. Nope not happening here. Not going to do it. There is still plenty of problems left for the market to digest and I'm not going to be the

Ahead of Janet Yellen’s testimony in front of Congress tomorrow morning, I have questions I want you to ask yourself: 1. What are the chances that Yellen’s remarks will have wording in it that will create a selling frenzy for equities tomorrow?  – Answer: Odds are not favorable. A lot of damage has been done,

The market acts like it isn’t sure what to do with itself. The market rallied off the lows this morning immediately following the market’s open, but since then it has given back those gains and momentum and now is just floundering around.  Up? Down? Who freakin’ knows. Buyers and sellers aren’t overly inspired except for

I don’t dare. I don’t dare one bit.  This market appears destined to test and possibly break support on SPX at 1812. Until that happens, I have no desire to touch a long position with a 10 foot pole.  However, I know that there are those traders out there that are forever going to buy

Despite a strong bounce in the financials yesterday and relative strength that it has exhibited today, it still appears as if the banking stocks are setting up for more to the downside.  Take a look at these four banking stocks, and the last one will really blow your mind. Goldman Sachs (GS) JPMorgan (JPM)

Its quickly getting ugly again with the market already posting losses of over 1% and quickly approaching 2%.  With an evening star candle pattern forming on SPX and much of Friday’s candle already being lost on SPY, the bears are starting to reload their short positions.  I’ve also added a couple myself, and you can

Huge rally on Friday followed up with another gap down today. But the bulls are trying to buy up this dip. I have my suspicions of it though as oil is down over 5% today and stocks are struggling to fight oil’s influence. There’s no doubt that this market can still rally, but if this

We have a full on short squeeze unfolding today, and there is a good chance that it continues into tomorrow if Apple (AAPL) and the Fed don’t blow it at some point. So don’t go shorting stocks today. It’s not the time or the place for doing that. Let today play out. I covered my

Perhaps this market bounce isn’t over just yet, we’ll know more are the week progresses as there are massive amounts of earnings reports including Apple (AAPL), Facebook (FB), Boeing (BA), eBay (EBAY), Visa, (V), Catepillar (CAT), Chevron (CHV) and many, many more. Not to mention that you have the dadgum Fed Statement on Wednesday and