Trade Setups

Market is off to a nice start, but not showing nearly as much gusto as we saw on Friday. I’ve added two new positions to the portfolio, but I’m not so sure I’ll be adding any additional positions until this market can make some new highs on the day.  I’m not overly thrilled with what

LONG: Oasis Petroleum (OAS) at $32.71  

Busy morning for me so far. Sold SRZ for a nice 8% gain, while cutting short a couple of trades – Trina Solar (TSL) which is feeling the weight of a bad report from FSLR, while NFLX just refuses to bounce with the rest of the market. Strong up-days like what we are seeing today

Another trade for you to munch on with Trina Solar (TSL) at $30.24. I’m expecting that over the course of the next couple of days, that we’ll see at the very least a mild bounce in these markets. For one, the bulls just don’t give up easily – especially those dip-buyers, and two, those who

Already a trade for me this morning right out of the hatch, as New Gold (NGD) broke out of its ascending triangle a few minutes after the market opened. I’m never a fan of buying stocks right at the open, but when you do it, you have to be willing to expect a little extra

The bears have yet to provide the follow through that we were all looking for, and quite honestly it concerns me that we still remain situated right on that trend-line from 9/1. I don’t think the bears are proving anything until they can push the market below the rising trend-line, and keep the dip-buyers away. 

Here are some interesting day-trades you can take that I have found interesting JBLU: Nice consolidation after extended sell-off. Looks ready to pop around $6.11 ONNN: Consolidating nicely at the highs – I’d Jump in at $11.88.

Market is continuing to buy every dip it can get its hands on. With a bad inflation number the market initially sold off, but it didn’t take much time for that dip to get quickly bought up. So below, I’ve given you the charts on the three setups I like the best this morning, along

A rare long position for me these days. But I’ve been watching Taseko Mines (TGB) for a few weeks now, and it has finally reached my desired entry of $6.09, not to mention it was one of my three breakout plays that I posted earlier this morning.  Here’s the Chart on TGB.

No surprise with the markets today, as the slightest of sell-offs yesterday has resulted in a march to new recovery highs today. Below I’ve put together the three best setups for taking on this market, and being able to profit from it in the short-term.  LONG: Taseko Mines (TGB)