Trade Setups

I didn’t get my bearish trade setups out during normal market hours like I always do, simply because today was so crazy in the market, my eyes were fixated on the charts all day long.  Nonetheless I want to provide these for you (better late than never, right?), because tomorrow they could come in really

The bulls held their own for all of a few minutes this morning before the bears came stampeding in and extinguishing the rally.  Oil continues to drop which also continues to weigh in on the efforts of the market bulls.  With all that holding this market back from rally the past two days, there are much fewer

Detrimental market to be long in, yet with that said, I wouldn’t be adding new short positions to the portfolio at this point.  From here, wait for the market to bounce. It needs to bounce, and ultimately it will bounce. If the bounce is weak, and the bears stomp on it before it can gain

The bullish list of bullish trade setups doesn’t sport a the number of setups it usually does.  That’s because four straight days of selling in this market, it has pretty much wiped out 75% of the trade setups that were out there.  You have to be careful about coming out and saying the bears now

The bearish lists of trade setups this year has proven their worth from time to time, most notably in January, July, September, October, and some in December.  Today the SPX is threatening to break the 5-day moving average which isn’t a green light that the market is changing directions per se, but it could be

Three days left of the year and each of them involve us being in the market. Historically this is a good time to be long. While the market isn’t showing the same kind of exuberance that it showed at the midway point of this month, it is still nonetheless strong, and has yet to make a pullback of

It is customary for me to provide a list of bearish trade setups for the week that you can work off of.  However, this probably isn’t the week to be acting on those setups. I know I certainly will not be. The market is in a full-on rally mode and it is important to hold

It is Christmas week, and all signs are pointing towards a continuation of what we have seen since Wednesday onward. Historically the market rallies hard during the last few days of the trading year and I expect to see more of the same this year – which is what we call the Santa Rally.  

Here is this week’s list of short setups:

If history is any guide, it would suggest that my bullish list of trade setups could become relevant at any moment.  That doesn’t mean there isn’t more downside to go in this market, in fact there probably is. But what it does mean, is that in the blink of an eye, just when you think