One new trade to reprot today and that is a swing trade long in Koninklijke Philips (PHG) at $25.41 The market today is showing signs of life after initially trading lower at the open. As I’ve mentioned in my recent trading plans, I do believe that Thanksgiving week will continue to be bullish and would
One new trade to reprot today and that is a swing trade long in Koninklijke Philips (PHG) at $25.41 The market today is showing signs of life after initially trading lower at the open. As I’ve mentioned in my recent trading plans, I do believe that Thanksgiving week will continue to be bullish and would
Pre-market update (updated 9:00am eastern): Europe is trading 1.5% higher. Asian markets traded 1.0% higher. US futures are up strong ahead of the bell – nearly 1% Economic reports due out (all times are eastern): Existing Home Sales (10am), Housing Market Index (10am) Technical Outlook (SPX): As noted last week, this market is well oversold
My Long Watch-List for the Imminent Dead-Cat Bounce Just as I've just provided you with My Short Watch-List, in which my primary goal will be to add new short positions off of a strong market bounce coming likely in the week ahead, I've also put together a small watch-list of long setups that I like
Clean Energy Fuels (CLNE) Offering a Favorable Risk/Reward Setup I’ve taken a short trade in CLNE at $12.88. The stock has a higher level of risk from the stand point of holding it overnight, as it has had the tendency to gap some of late. However, this stock is running slap-dab right into resistance at
I won’t talk to much here, but I did add Mellanox Technologies as a long play to the portfolio, bringing my portfolio total to 5 short plays and 1 long play. Mainly MLNX is used to hedge some against my existing long positions, in the case I am wrong about the market’s direction going forward
Short Lululemon at $70.00 with a Stop at $72.63 So far I’ve made one trade on the day and that is in Lululemon (LULU). So now I have a grand total of “2” short positions which includes SodaStream (SODA). I’m also stalking once again CheeseCake Factory (CAKE) in hopes of jumping in around $33.30 or
The Chart of the Day… Quick Glance at the Market Heat Map and Industries Notables: Unfortunately this Heat Map isn’t Mitt Romney’s Electorate Map Incredible weakness in the financials. AAPL is probably the most notable loser Only the coal stocks d worse. id
Swing Trading Strategies Long & Short It is so easy to want to sit on the sidelines today and tomorrow and avoid the trading all together until a President is elected and all this hysteria has come and gone. But hey, you all don’t come to SharePlanner for me to sit here and do nothing,
Molycorp (MCP) breaking down on the daily chart [Update: Covered my position today (11/2) at 9.95 for a 3.7% gain from 10.34] I haven’t taken a lot of trades lately, and mainly that has been because of the unpredictable nature of this market. On Friday I went long on Amazon.com after it showed incredible buying