Trade Setups

Yeah, Friday was good for the bulls, especially considering the two days of selling that it was coming out of, but prior to the market open today, the bears rushed crude, and drove it all the way below its August lows and down to the 2009 recession lows. So obviously the market and stocks follows

SPX is trying to rally today, though it is safe to say, it is a fairly anemic rally at best. However, it pushes it closer to those all-time highs I am constantly speaking of us eventually testing at some point here in December.  But things can change on the flip of a coin and

So far today, it has been quite the downer for the market and over the past seven trading sessions, neither the bulls nor the bears seem to be able to find any footing whatsoever. With tomorrow ushering in the final trading month of the year, the bulls have their best chance to push this market

Terrorists attacks in France – Bullish, Russian warplane blown out of the sky – Bullish. The market seems undeterred of late, paying little homage to geopolitical events.  Right now the focus remains on the Fed, and the Fed only. Terrorist attacks can wreck havoc on the market but so far, the havoc has been quickly bought up

The bulls aren’t coming out of the gates ‘guns-a-blazin’ to start the week, however, while the week is short, it is also still young.  Thanksgiving week, minus 2011, has always been one of my favorite weeks of trading to be long in. Historically, it is a very bullish week as well. So, considering the rally

The bears have tried a few times today, but haven’t quite been able to push the bulls back into the hole that they emerged from yesterday. Instead, the bears are having to evaluate whether they need to consider covering more of their short positions or load up the portfolio for a possibility of another sell-off

At this point, you are going to struggle to find a lot of emerging breakout stocks, particularly when SPX has dropped 93 points in the last eight trading sessions.  The only ones that I really liked as a breakout candidate is General Electric (GE) and Baidu (BIDU) – both of which has

The bears have discovered some wind for their sails of late as they attempt to push this market down for a fifth straight day. The only problem, is that the pullback has only managed to pull the market a little more than 1.5% off of its rally closing highs from 11/3. If you consider the

Brutal day in the market so far today and there has yet to be a bounce of any kind at this point. On the TICK there has yet to even be a net +500 move at any point in the day. Quite frankly, that is hard to come by. Decliners are holding a 7-to-1 advantage

And with the Fed’s heavy hand in this market, that may be never.  But for now, let’s remain prepared, because when the market does eventually reverse it always tends to catch traders by a surprise – a news catalyst, a surprise earnings miss that spirals out of control into the broader market, or some political