Trade Setups

The market, if you count today’s progress so far is up 7 straight days. With that being said, it is due for a pullback.  Not a big one… just enough to cool itself off some. Somewhere in the range of 7-10 points or so. It is difficult for the market to move more than seven

Pre-market update: Asian markets traded 1.0% higher.  European markets are trading 1.1% higher.   US futures are trading 0.6% higher ahead of the bell.  Economic reports due out (all times are eastern): ICSC-Goldman Store Sales (7:45), Redbook (8:55), JOLTS (10) Technical Outlook (SPX): Huge rally yesterday to push the market firmly higher and officially destroying

For whatever reason, automotives are running. I don’t concern myself with the catalyst for them running as much as I do with the fact that they are running and from a technical analysis stand point are setting up really nicely for a trade.  This could be the beginning of a much bigger rally. I’ve seen

I like this particular chart pattern – essentially you have an assending triangle within an assending triangle and both of them are breaking out at the same extact time.  You can’t be that! So get long as close to $43 as you possibly can – once you do that the risk is pretty tight and

Baidu (BIDU) is offering us one heckuva short opportunity. Perfect rounded top with those beautiful golden arches (confession: I got hungry for some McDonalds as I was drawing those arches).  The time to get in BIDU as a short is now. As it is just now breaking the neck of support on the stock and

How’s ’bout this for a bullish stock – 10 months of pure price resistance getting taken out in one fell swoop.  Rowan Companies (RDC) is pushing higher today in a breakout manner with a strong rising up trend providing support underneath.  There’s nothing not to like about this one – Here’s the trade setup:

Head and Shoulders…A Retest… A Perfect Short Setup.  Need I say more?  Here’s the Angie’s List (ANGI) Short Setup:

Schlumbueger (SLB) is the best trade to the long side that I can find out there right now. Starbucks (SBUX) doesn’t look to shabby either. However, the oil plays are the ones that are setting up with the best setups at the moment. SLB is a real possibility for me today. I may get long

Pre-market update: Asian markets traded 1.4% higher.  European markets are trading 0.1% lower.   US futures are trading 0.1% higher ahead of the opening bell.   Economic reports due out (all times are eastern): PMI Manufacturing Index (8:58), ISM Manufacturing Index (10), Construction Spending (10) Technical Outlook (SPX): Huge gap higher to start the new

Perhaps I should pay closer attention to the Russell…perfect sell-off.    Quick Glance at the Market Heat Map and Industries  Notables: OIl continues to rally in a big way.  Financials finally stabilized.  Consumer Goods and some of tech weighed down the market.  Be sure to check out my latest swing trades and overall past performance