Trade Setups

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

It is easy to think that this market rally has to stop at some point… take a breather, pullback, chill out for a few minutes. But it isn’t.  The trend line off of the September lows is steep and seemingly unsustainable, yet the market just keeps moving higher.  Yeah, eventually it will end, but anticipating

It is hard to get overly excited about today’s sell-off. I’m not willing to buy at this point because the market could easily drop 20-40 points without crippling the October rally. However, the 200-day moving average was tested today and has held nicely so far for the bulls.  With Apple (AAPL) reporting today, and the

The market is in the midst of another 2-day pullback. Each of the previous two weeks had one of these as well, and on both occasions, SPX pulled back to the 10-day moving average before rocketing higher. This time around though it is a bit different in the sense that SPX is about +20 points

The market isn’t down by much today when you judge it by the S&P 500, but take a look at the Nasdaq and Russell and you’ll find that the S&P 500 is masking a lot of the weakness in today’s action. The tendency, when we’ve seen a huge run in the market, like we have

The bulls still have the upper hand in this market – and in order to make this watch-list manageable – there were a lot of stocks that I had to weed out to compress it down to about 80 stocks or so worth following this week.  While the market might be showing some willingness to

First signs of bearishness that we have seen this entire month.  SPX has been trading sideways the previous two trading sessions, and just now it is finally starting to move again. Despite the early morning dip-buying that took the market back into positive territory, the bulls have managed to ultimately lose the day’s lows and

Market conditions are definitely starting to calm down some.  The bulls have put together a strong case that hte lows for the year is in, and this October rally is more than just a simple dead cat bounce.  The VIX is trying to come off of those closing highs on 8/24 of over 40 to

You’ve have to hand it to the bulls – when they decide to finally bounce, they really bounce! Today they are trying to bounce hard for a fifth consecutive day, which is something they have been unable to do all year. Only twice in history’s past has the market been unable to rally five straight

At this stage of the sell-off, we are getting a bit extended to the sell-side.  However, things can always get a whole lot worse. So if the bulls want to assuage the fears of investors, they are going to need to stage a rally today. Otherwise, the eight straight down days on the Russell will establish the