Trade Setups

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. 

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

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

It’s great to be back today after being away for two-days (a rarity for me).  Two new positions today and they  make up today’s daily lazy trades to the long and short side. In both trades I’m placing a heavy emphasis on support and resistance, and looking for where key levels that have held of

I ran my stock screen for momentum stock plays and really nothing showed up, which is actually a good sign that this market is getting oversold here and the stocks are reflecting that.  However there is one stock that stood out from the rest:  W.W. Grainger (GWW) which has the pefect box of consolidation working

Pre-market update (updated 8:30am eastern): European markets are trading 0.2% higher this morning.  Asian markets finished 0.3% higher.  US futures are trading moderately higher ahead of the bell. Economic reports due out (all times are eastern): ICSC-Goldman Store Sales (7:45am), Redbook (8:55am), S&P Case-Shiller HPI), Consumer Confidence (10am), FHFA House Price Index (10am), Richmond Fed

Another position to add to the portfolio, which brings my total to eight long positions and not a single short. This stock is an absolute beauty and from a technical standpoint, you’ll be hard pressed to find one that looks better.  I’m long at $24.05 but there are a number of other traders from the