Trade Setups

The market gave us a nice open, but so far has been a huge disappointment since then. The only positive thing that has taken place so far is that it has reclaimed the 50-day moving average, but even that MA has proved to offer little support/resistance of late. I did add two new trades to

I have two new trades this morning that I jumped into with a tight leash, and while I may be swimming up stream here, I have seen plenty of times since the March ’09 recovery lows, where the market begins to break down and before you know it, rallies in the face of impossibility. The

I’ve Made one new trade so far today, not including my stop-out in Ford (F) at $15.14. I went long Adobe (ADBE) at $34.40. So far so good, if the market can keep from dropping lower today, the stock should continue to progress nicely, particularly if the volume levels we are seeing so far today

I took a long position at $18.33 on a nice cup and handle breakout with a stop at $17.97. The market this morning is trying to get back to that 1332 trading range, and seems absolutely magnetized to that number which also represents the previous lower-high.Overall today and for this week as well, the market

Market is trying to shake some traders out of their positions in the early going. Not a lot of direction, but I don’t find that to be reason not to put on descent long setups in trades that have good risk reward setups. I’ve added Silvercorp Metals Inc. (SVM) at $15.05 to the portfolio. I’m

Two new trades, though neither have moved much since getting in to, with the first being in Suncor Energy (SU), which is forming a nice cup and handle.

I’ve made a couple of trades this morning – the first was Brigham Exploration (BEXP) which I was in and out of so fast, that there wasn’t enough time to do a post. The second one was Alcoa (AA) which I went long at $17.25. I expect this to be just an intraday trade, based

Only one trade to report this morning and that is in Alexion Pharmaceuticals (ALXN) at $93.47. I tried to get in to Varian Medical Systems as another short play, but my limit order was missed by $0.02! That happens from time to time.  Overall, the market is selling off after Wall Street got its hands

I took a short position in Saks  Holdings (SKS) at at $11.55 today as it is clearly looking to move lower in the short-term. On the daily you have a breach of some serious price support, coupled with a double top and a break of the 100-day moving average. On the weekly, SKS is breaking

I allocated some more of my portfolio to SPY on the pop that we are seeing this morning at $129.81. Between 1300 and 1302 there is a lot of technical resistance that should cause some headaches for the bulls to push through. On the Fibonacci retracements we’ve seen the the S&P give back +50% of