Trade Setups

The bears are left in the rear-view mirror this morning. After giving up 2064 to the bulls today, the market is now breaking out of resistance, and the focus should now turn to my bullish trade setups.  So  unless something miraculous happens on the bear’s behalf, you should only be keeping this list handy for

Bulls have managed to come off of the lows of the day and put up a good fight, but until they can break and close above 2064, any move is hard to put much confidence in.  There are tons of really good setups unfolding in the list below, but until that aforementioned move above resistance

While the past two days have been extremely unkind for the bears, they are by no means irrelevant or out of the picture.  It remains to be seen whether this is just a dead cat bounce or a push out of the two months of consolidation the market has found itself in. If it is the latter,

The bulls are flirting with disaster here today if it can’t pull itself together.  It has already managed to drop below the rising support level off of the December lows as well as drop below the price lows from January with a strong bounce thereafter, but now we are starting to see this afternoon, the

Pre-market update: Asian markets traded 0.4% lower. European markets are trading 0.1% lower. US futures are trading 0.2% higher ahead of the market open.  Economic reports due out (all times are eastern): Personal Income and Outlays (8:30), PMI Manufacturing Index (9:45), ISM Manufacturing Index (10), Construction Spending (10) Technical Outlook (SPX): Wild market day on Friday

The Dip Buyers came in strong this afternoon and are trying to propel the market back to break even possibly.  Rarely is it a good thing for SPX to open 30 handles lower and expect that it will stay there. Instead the best sell-offs are those that occur when the market opens higher or flat.

The market is really uncertain of itself after a hard sell-off to close the week on Friday. The bulls have a huge opportunity to stabilize the markets today after very weak action overnight in the futures. If they manage to do that today, it bodes very well for stocks going into the end of the

The way this market has been behaving of late (essentially unchanged since the end of August) your chances with succeeding with short trades are on part with that of long positions. It really depends on how you see the charts right now and where you think this market is heading.  With that said, below is my bearish list

After witnessing the immediate market sell-off this morning once the market opened up, one thing is becoming readily apparent and that is the bounces are getting weaker and weaker.  October, we had a month long bounce that was one for the ages. In December we had another two week rally that saw one of the

Pre-market update: Asian markets traded 1.6% higher. European markets are trading 1.0% higher. US futures are trading 0.4% higher ahead of the market open.  Economic reports due out (all times are eastern): Housing Market Index (10) Technical Outlook (SPX): Huge opportunity for the bulls today to follow through on Friday’s respectable bounce and attempt to gain