Trade Setups

As a follow-up post to the one I did last week on How Big Should I Trade, I want to focus on “When I Should Not Be Trading”. This is a little bit more straight forward that will focus on the more subtle traits for when you know you should just ‘hang it up.” First

So far today I’ve made two new long trades on the day – the first one in Green Mountain Coffee Roasters (GMCR) at $31.74 and the second in GT Advanced Technologies (GTAT) at $6.73 – so far I’m getting the feeling of being duped on my timing on the entry in conjunction with the market. But

I’ve initiated my first short trade in more than a month, not because I think this market is going south anytime soon, but I do believe that there is an opportunity to make a profit off of an obvious overbought market. As a result, I want to protect some of my existing profits without having

Pre-market update (updated 8:30am eastern): European markets are trading -0.5% lower.  Asian markets mixed as well, finished 1.1% higher.  US futures are trading slightly lower ahead of the opening bell.  Economic reports due out (all times are eastern): Empire State Manufacturing Survey (8:30am) Technical Outlook (SPX): A nice follow-through on Friday after an incredible breakout from

The Chart of the Day…   Quick Glance at the Market Heat Map and Industries Notables: I can’t imagine there being a brighter shade of green than that which is found in the banking industry.  If you own any of the stocks on the heat map and they are red, it’s probably a good sign

Information received since the Federal Open Market Committee met in August suggests that economic activity has continued to expand at a moderate pace in recent months.  Growth in employment has been slow, and the unemployment rate remains elevated.  Household spending has continued to advance, but growth in business fixed investment appears to have slowed.  The

I took the long-trade in BE Aerospace (BEAV) at $40.75 as I was thrilled to find this gem of a setup with increasing volume levels over the past two days. Expect, once the FOMC statement comes out at 12:30pm eastern, for there to be increased volatility in the market. Traditionally, the Fed tries to provide

It has been a while since I did some analysis on Wynn Resorts (WYNN) but right now it is in the process of forming an inverse head and shoulders pattern,and the last time I said that, it made some very nice gains for traders. Now WYNN finds itself in similar surroundings yet again, and there’s

First trade of the day, and It looks like it is showing a significant surge of buying power flowing in. Volume is strong, as it was yesterday, and the bull-flag coupled with the successful retest of its short-term uptrend, is important steps for Nielsen Holdings (NLSN) to make a notable move higher. As a result

The Chart of the Day…   Not quite a chart, but on a day like today, it is important to remember what we’ve come from and what strongly united us as a country shortly after the horrific events of 9/11. As for myself, I was sitting in a college class at the University of Central