Trade Setups

This market melt up is extremely common when a large amount of shorts are found with their hand in the cookie jar. What happens here is the market slowly bleeds out the last remnants of short sellers from this market, and while the rally isn’t as big as the initial few days of the rally, it is enough

Alright folks, the bulls are continuing Day 2 of a most excellent and well-overdue bounce in the market.  I, personally, wouldn't be surprised to see a move that tries to take the market back near its all-time highs. On the surface that doesn't fit the story line of the current market, but with short interest

The bulls have managed to pull off another save.  What looked like an impossible endeavor last night when the futures started trading, is near reality now, as SPX has managed to recover 30 points off of the lows from the ES futures last night and 16 points since the market opened today.  It may be

Technical Outlook: Thursday's price action was marked by a bearish engulfing candle pattern on the SPY chart.  Today's action will be swayed by the "NO" outcome on the Greek Referendum vote.  About 60% of the overnight losses have been recovered. The lows were established at the Sunday night open and have rallied since.  Lots of

The ideal short setups are flying off the shelves right now.  So you gotta get them while they are hot. Right now SPX has given up all the day’s gains and trading at break even. Considering the fact that SPX sold off 40+ points yesterday and it has failed to hold a mild dead cat

Typically I carry about 80-100 stocks in my bullish watch-list.  Today that number is at 26. And quite honestly, none of them are really setting up well at this point. I’d be very cautious with this market despite the predisposition of most traders is to buy the dip, I would instead wait for a base

Here is today’s Google Hangout where I discuss the S&P 500 as well as the following stocks: SDS, CA, OI, PH, APD, AVT, FFIV, EXPR TWX. Below is the Google Hangout:

I’m no fan of this market – there’s no questioning that.  Essentially in this market, you can believe that it is going up another 1,000 points on SPX or believe that it is about to experience its first +10% correction in years, but the bottom line is, neither is happening or on the verge of

Greece – yes Greece is the reason for today’s rally.  You can wipe that “surprised” look off your face. But don’t let your imagination run wild because there is no deal in place. Yes, there are rumors and rumors of rumors, but there are just as many denials of those rumors as well. So what

SPX getting a bounce today, but by no means is it out of the woods.  I got out of my trade in SDS yesterday at 20.68 and a 2.3% gain (entry was 20.21). So far today, myself and members of the SharePlanner Splash Zone have jumped into UPRO at the opening bell this morning and