Trade Setups

Technical Outlook: Another day of heavy selling yesterday for the fourth time in the last five trading sessions.  Now you have China being halted last night for the second time this week, after dropping 7% during their trading session. As a result, US futures are seeing another major sell-off taking place today. The S&P is

The market is playing with some key support here with SPY and if the market decides to break that support, some of the trade setups listed below should be come invaluable to you for what might be additional selling from the bears. My ideal short right now is the stocks that have rallied some today

Hand it to the solars today, they held their own, and in the case of SolarCity (SCTY), it improved its prospects in a horrible tape quite nicely.  I talked about SCTY on Saturday as a potential play off of the 200-day moving average and it performed quite well.  Though if you were playing the trade

Below are the setups that I am currently following from the long side. I’m 100% cash right now with no intention today of adding any of the stocks below. But as we have seen many times in the past, the market can rebound with no warning, and so despite the horrible start the market is

  Two trade setups looking to come out of the bull flag pattern it is currently in.

Short Setups don’t look nearly as good as they did at the end of the last week. Nonetheless, there are still plenty of good trade setups out there worth considering. So far, but to a lesser extent, the bulls are working out of the same playbook from last week with a mild bounce yesterday and

Technical Outlook: A very dull tape yesterday that gave up all of its day’s gains until it managed to rally 14 points in the final 30 minutes of trading.  The last 30 minutes was a significant short squeeze on the bears, and it is the first one of its kind that we have seen so

What good are these bullish watch-lists if the market never seems to bounce? Low volume day today, and the bulls seem reluctant to really run the tables on the shorts right now, instead the early gains have given way to an early morning sell-off, followed by support at break even.  It doesn’t seem like it

The bears have to be concerned here, because as the story has been the last seven years, going back to the March 2009 bottom, is that the bulls love to buy the dips. They may not always do it when you expect them to, but when they do, it is ferocious and it clobbers any gains that

This market has eerily traveled down the same route the market took in December 2014, dropping 107 points in the first half of the month, only to rally 121 points to close out the year.  Does that happen again? History suggests so, and when you the T2108 (% of stocks trading above their 40-day moving