Trade Setups

I jumped into Illumina (ILMN) this morning after posting a chart this morning showing the potential for either a breakout/breakdown in the stock. I wasn’t sure which way it would play out because price action up until this morning’s open had been nicely contained with the ‘box’.  Within the first 30 minutes of trading, ILMN

Today’s long and short setups involve two setups that have extreme appeal to them, and offer incredible entry-opportunities.  The first is Liberty Media (LMCA), which for years now has been a great upward trending stock. But if you’ll notice, it tested that trend-line to day on an insane amount of volume, formed a hammer, and

My first trade of the day takes place in W.W. Grainger (GWW) at $210-flat. I’ve been watching this stock for a few weeks now for a swing-trade, and recent weakness finally gives me my entry on this stock.  I missed the initial breakout in the stock, but instead of chasing it, which  usually never leads

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

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

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.