Trade Setups

Market is weak today, which if you read my trading plan this morning, comes at a bit of a surprise, because I was leaning toward seeing a bounce today – and who knows maybe we will. But for now, the mission of the bulls, has to be to plug the hole in the dam and

Here’s another trade that I just made in CVS Caremark (CVS) on top of the Apple (AAPL) trade that I made this morning at $348.73. CVS is positioning itself for a great breakout, assuming the the market cooperates in the coming days. If so, the stock could make a push for $38-39 without much resistance.

The selling that we have seen in this market so far is not at all worrisome, in fact it is more welcomed then anything, allowing for stocks to get a breather and provide an opportunity to get in stocks a little cheaper than previously. My one and only trade so far this morning, Apple (AAPL)

One more long position for today, and this will likely do it for me in terms of new positions. But the double bottom in Applied Materials (AMAT), coupled with a clean breakout opportunity, sucked me right into this trade here. The technology sector continues to perform well, and that is another “plus” going in this

I’ve jumped in The Jones Group (JNY) this morning at $14.73. The official breakout level to this stock is $14.85, so the closer you can get to that market, the better. I am also a big fan of the short setup below, but its not worth getting into quite yet. You’ll want to wait for

Another two tech plays added to the portfolio (continue to hold RAX and GOOG), in Analog Devices (ADI) at $39.74 and CA Inc. (CA) at $24.36. I’ll be looking to close out my position in Discovery Communications (DISCK) by the market close today. LONG: CA Inc. (CA)

Only one trade so far today, and I have yet to bail out of any of my existing trades. We’ll see how far this rally today wants to take us and then re-evaluate from there. As for my trade, I jumped into Atmel Corp (ATML) at $13.85 on a cup and handle breakout. Looks pretty

Couple of new stocks that are in play for me today Rackspace Hosting (RAX) at $42.01 and Enzon Pharmaceuticals (ENZN) at $11.07. The latter of which is a good reminder why I tend to deplore swing-trading biotech stocks, as some random news peace happened to come out without notice (as they all do usually) and

I closed out AMGN this morning at a 2.2% gain at $55.50. I also tightened my stop-loss in GLW to 19.66  to lock in my gains which is just below the day’s lows. My two new trades on the day are CROX and DISCK, which so far haven’t been very kind to me on the

The market has done an admirable job of recovering off of its morning lows. The S&P tested the Fibonacci 38.2% retracement level and held it so far. I’ve jumped into one additional long position this morning – Adobe Systems (ADBE) at $34.40 and a stop-loss at $33.78. LONG: Adobe Systems (ADBE)