Trade Setups

So far, we haven’t seen the bulls invigorate themselves enough to buy this gap down, as has often been the case of late. Nonetheless, the bears seem to misplace their negative feelings for this market by never really capitalizing on the opportunities Mr. Market is trying to give it.  With us still trading in an

First position I’ve taken so far this morning and I couldn’t help myself. Apple (AAPL) has been getting hammered lately, but I’m finding good reason to get long on it this morning at $637.69.  1. You have a huge sell-off that seems to happen once a quarter. Each time this has resulted in an excellent

One trade so far today for me, and it’s another day-trade, this time in James River Coal Company (JRCC). It’s a low-dollar stock, but with the Mitt Romney’s comments in Wednesday’s debate about the coal industry, pushed the stock 11% higher yesterday.  Technically the move broke the bull-flag we were seeing the stock trade in,

I have to say, I don’t feel like I’m trading with much conviction today. I got into Antares Pharma (ATRS) hoping to benefit from a bounce at $4.00 and while I got a bounce, it just seemed rather ordinary and not anything really meaningful. So I got out at $4.03 for a 0.75% gain.  Now

So far the market is trading somewhat near its highs of the day. I wouldn’t say that the market is trading in an overly convincing bullish manner, but it is up five out of the last six days.  Heading into employment and the following week ahead, if you’re looking for a quick set of long

Both of these trades are ripe for the picking. The first, Antares Pharma (ATRS) gapped down yesterday but did so on a major upward trend line and held its own. Today its continuing to do the same., It’s anyone’s guess whether it bounces, but what it does offer is a very tight stop-loss that you

Last time around, this trade on Sears Holding (SHLD) didn’t work too well. This time around, I’m taking a different approach to this trade. Instead of buying on the breakout which is what I did before and got burned on the head-fake it did, I’m buying on the pullback to lower channel of the uptrend. 

Here’s to my first trade – a bit more conservative since the market has not shown any willingness to bounce and hold those gains. But the fact of the matter remains is that we are still in an uptrend, and deciding to heavily short a market as a result is just asking for trouble in

There’s no doubt we are getting a nice push higher today in the market and we may finish higher yet, but there are some concerns under the surface that is frightening me some – namely the strength in the VIX, which has been hovering in positive territory, despite the market strength.  Also, I’ve seen sizable

It’s been a very active day for me for the most part. I’ve added a number of positions (four in total), closed out WYNN earlier this morning for almost 7%, (only to get back in it again) and now my total count for the day is three long positions and one short position.  The latest