Trade Setups

Bears had for themselves a good opening, but that’s all that they’ve managed to do.  Since then the bulls have managed to nourish themselves in a steady diet of “buy the dip” and it is still working for now, though there is still about half the day’s losses left on the table.  It proves once

The snap back rallies in this market are truly amazing. Let a rumor of a side meeting between the three main characters in this Greece madness start spreading and suddenly the algo buy machines turn on the turbo boosters, and start buying stocks as fast as the market will allow for. Right now SPX is

The market is experiencing a semi-rally today. Nothing for the bulls to get excited about except for the fact that it isn’t falling again today, which wasn’t even the case this morning. Nonetheless, the bulls are managing to put together a fairly respectable rally today that could stall out at the 2085 area. If it

These days keeping a watch-list is a pure labor of love.  Trading requires extreme patience in this market, while you wait for just the right setups to unfold. Most of the times they never happen, leading to days of boredom and restlessness.  Nonetheless, it remains oh-so-important to remain steadfast to the trading disciplines that have

Mind numbing….simply mind numbing. Yes, if you haven’t figured it out already, I absolutely hate this market. And it isn’t because the market is going up and I’m short, or the market is going down and I’m long, it is because the market just isn’t going anywhere right now and it doesn’t matter which direction

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Yesterday the market showed signs of the bottom falling out, today the market is acting like yesterday never even happened.  That creates a market that requires blind faith when buying and blind faith when shorting, because regardless of the support that is broken or the breach in resistance that is achieved, there really is no

This could be one of the worst collection of long setups I’ve put together in a long, long time.  And trust me, it’s not me, it’s the charts. The setups are simply getting destroyed out there today.  There are a few gems out there, like WDAY and QLGC, but WDAY reports earnings after the bell

The market has been “on fire” over the past few days…okay… I am using that term loosely…very loosely.  Nonetheless, the market has seen its best development in either direction take place over the last four trading days with the breakout over 2120, and with that we have a market that is finally showing signs of

With the SPX above 2120 now and the huge breakout on Thursday, to say that this market is anything but bullish would be pure rubbish.  And once again, shorting the market has proved to be momentarily profitable (if that) and ultimately a losing play. So that leaves me with a focus completely on the long side of the