Trade Setups

Apple has been probably one of my favorite all-time stocks for trading in. It is really the stock that keeps on giving. While it is in my opinion one of the best stocks/companies of the decade, it has also provided a ton of buying opportunities along the way. In other words it plays well with

Wasn't expecting to short Amazon today (AMZN) but the beautiful bearish harami pattern that has formed over the last two days using candlesticks made it irresistible (the candle pattern resembles a pregnant lady). I got in at the close at 122.04, with a stop-loss just above the highs reached yesterday. This stock is extremely overbought,

Sick of hearing those  infomercials about how much of a fool you are for not converting all of your dollars into gold? Or how you could make millions of dollars simply by raiding grandma’s jewelry box and giving it to some hocus-pocus firm that will give you wheel-barrels full of cash for it? I sure

I went long on SDS this morning, which is an ultrashort of the S&P 500. So far so good. I got in when the S&P was up about 10 points, believing that the market would have a difficult time holding on to the early gains, especially when considering recent difficulty for the general markets to

I went long on TWM, which is the UltraShort for the Russell index, at 26.63 this morning. Right now the trade is profitable, and if there isn’t any further weakening in the index heading into the close, I’ll probably close out my position by the end of day. Right now my stop-loss is 25.99, but

I’m long on the U.S. Dollar by trading in UUP. It’s an ETF that goes long on the U.S. Dollar versus all other major currencies. This is an indirect way of shorting gold with the idea that weakness in gold will lead to strength in the dollar. I’m not going to play this for long,

Here’s a chart on PST – the ProShares UltraShort of the 7-10 Year Treasury. As you can see it took a huge nose dive back in late 2008, but what I really like here is the huge role support has played at the $51 level nearly to perfection. On four separate occasions, the stock has

As you have all probably heard, whether you watch Fox News, CNBC, Bloomberg Radio, or any other form of media, gold is breaking out to new highs and everyone seems to be jumping on the bandwagon. The promoters of all those lame infomercials that you hear on TV about “Celebrity So-and-So” buying gold because they want to protect

The Exchange Traded Fund (SMH) provides for a solid risk-reward play. The ETF buys companies that do business in the semi-conductor industry, and of late the industry has been showing noticeable weakness. First with the slip below the critical 50-day moving average, (though it is currently trading above it after the rallies on Monday and

One more trade to add to the portfolio with Mercury General (MCY) at 36.50. If this stock can break out of the consolidated trading range that it has been in for the past two months, then we could see some serious upside.