Trade Setups

The Dip Buyers are working that tape today.  Typical gap down, a push lower during the first hour of trading by the bears and before the hour can expire the bulls start buying up everything they can get their hands on.  Yes, we have all seen this re-run a million times. That is why getting

The Bears remain relevant right now but yesterday’s 34 point rally off the lows creates a possible bottoming scenario.  Yesterday was wild. Plain and simple. It was one of those days where no one really wins. If you were bearish, you were enjoying your profits until the market squeezed you out of them, and if

Bears realizing nothing goes down forever! Honestly, it is quite amazing really, when you are shorting stocks, don’t risk getting taken out on the bounce. If you can get 4 or 5 really good days out of a short position, go ahead and wrap it up and close out the position. Don’t tempt fate. There

Technical Outlook: Today’s market will be guided by the jobs report and how that will affect the decision making of the Fed regarding interest rate hikes at the September meeting.  Strong move out of SPX to the downside yesterday had SPX test the rising trend-line off of the July lows and marking the fourth down

The bears still remain relevant as the bulls struggle to gain any traction. Today was setting up to be a real ripper in the market. SPX was gapping up nearly 20 points, Apple (AAPL) was finally starting to bounce for the first time in over two weeks and the market after three days of selling

It is of no use today for obvious reason, the market is having another hissy-fit led primarily by the rather large sell-off in Apple (AAPL) (or at least large for Apple anyways).  There was a respectable bounce early on but as soon as the market touched ‘break-even’ the selling took off in dramatic fashion. And

After completing the five day sell-off, traders are wanting to know when to get short again.  My advice: Don’t get ahead of the market – don’t try and predict when it will turn lower again.  Just let it do it on its own, and then it will be your job to react to the next

It is about freakin’ time bulls! First day of the sell-off: light volume – no worries Second day of the sell-off: light volume, Apple jitters, some buying at the end of day there – no worries.  Third day of the sell-off: Well this is interesting… but still light volume, market has a hard time, in this

Bears are showing signs of life today, namely due to the heavy weakness in the Dow dragging everything else down today.  If IBM and United Technologies (UTX) report better earnings the market might be making a run towards all-time highs today. But because the Dow is price weighted and not based on the market cap

SPX is challenging new highs, but there is still a lack of quality setups.  I would have thought at this stage, we’d see a lot of quality setups beginning to emerge, but still that isn’t the case. The number of bearish setups far outnumber the bullish ones. That’s nothing to read into, just a point