I jumped in this morning on URRE for a day-trade after it broke the neckline of the inverse head and shoulders pattern, and broke the downtrend that is currently in  place. My stop-loss is at $3.24. Here is my chart analysis on URRE.
Looking through some low-dollar stocks this morning, I found three in particular that looked prime for the trade. I’m going to warn you though, these stocks move fast and furious, so you want to pay close attention to them, and use tight stop-losses. LONG: China Shen Zhou Mining & Resources (SHZ) Â
Added a new position with Sandisk (SNDK) which was upgraded this morning by Sterne Agee. The stock continues to rally on declining volume, and managed to find some resistance right at the descending trendline. Optimal risk and reward here as my stop is very tight going into the trade. Not to mention of course, that
If the market is going to  continue going up next week (which I am betting against it doing, but who knows, the S&P could see 180,000 before there is a real pullback), the six stocks below are some of the best setups to have on your radar for profiting from further market gains. If we
Added SHZ this morning at $6.09 with a stop-loss at $5.71. Not the type of stock that I typically like to trade, but the pullback to the 50-day moving average and long-term trendline, followed by, what appears to be, an orderly pullback. This swing-trade could morph into a day-trade, should there be substantial gains today.
Friday’s sell-off has the bulls walking on pins and needles right now, even though they  managed to bounce the market back up in a very respectable fashion (as of this post). But there are a lot of folks out there sensing that the bears are looming heavily on this market right now, and will look
This was one of my trades from late yesterday, but still valid today, after having covered all of my short positions. It has an ideal chart pattern with the ascending triangle and is now breaking out above resistance. Stop-loss is tight at $38.10. Here is the chart analysis for ZBRA.
I have a couple of trades to report for you this morning. I would have liked to add more to the portfolio, but I’m choosing to be cautious until the non-stop dip-buying ceases. Not to mention we have the FOMC Statement coming out tomorrow, which is also reason to be cautious heading into that news
Here are four charts that I believe make for excellent shorting opportunities at this very moment. The key variable is whether the market will cooperate with these stocks in the process and drive them lower. I would have liked to of pulled the trigger on all four of these right at the market open, but
Here’s my short setups that I’ll be playing the closest attention to as the day wears on. CBL & Associates Properties (CBL) has a head and shoulders pattern along with a significant support level it is trying to break below at $16.69. Allied Nevada Gold (ANV) is another I like, but I want to see