Trade Setups

It’s great to be back today after being away for two-days (a rarity for me).  Two new positions today and they  make up today’s daily lazy trades to the long and short side. In both trades I’m placing a heavy emphasis on support and resistance, and looking for where key levels that have held of

I ran my stock screen for momentum stock plays and really nothing showed up, which is actually a good sign that this market is getting oversold here and the stocks are reflecting that.  However there is one stock that stood out from the rest:  W.W. Grainger (GWW) which has the pefect box of consolidation working

Pre-market update (updated 8:30am eastern): European markets are trading 0.2% higher this morning.  Asian markets finished 0.3% higher.  US futures are trading moderately higher ahead of the bell. Economic reports due out (all times are eastern): ICSC-Goldman Store Sales (7:45am), Redbook (8:55am), S&P Case-Shiller HPI), Consumer Confidence (10am), FHFA House Price Index (10am), Richmond Fed

Another position to add to the portfolio, which brings my total to eight long positions and not a single short. This stock is an absolute beauty and from a technical standpoint, you’ll be hard pressed to find one that looks better.  I’m long at $24.05 but there are a number of other traders from the

I haven’t taken a long position in anything since Thursday, as I stood on the sidelines on Friday. But the market is showing healthy signs of rebounding today and moving back into the green before today’s close.  One industry that just seems to be taking a beating of late are the discount clothing retailers, so

I think this is the third time that Dunkin Brands (DNKN) has make it to the Lazy Trade Spot Light. And each time it hasn’t let us down either. So there is some definitely possibilities with this one again as it rises back into the upperband of the declining channel.  Invensense (INVN) comes from another

I was stopped out of the second half of my trade in GT Technologies (GTAT) at $6.67 at the open. My original buy-in was 6.73 so that is less than a 1.0% loss. The good thing is that I sold half yesterday at $7.01. Combined together that actually makes for a respectable gain of 1.6%

My only trade so far (nothing closed out either at this point) comes in Pentair (PNR) at $43.85. Initially when i got in it, it rocketed up to $44.40 but has since pulled back again to my entry price. The pullback is actually very necessary as it was getting extremely over-extended on the 5min-intraday chart. 

With a new round of Quantitative Easing comes a new wave of dip-buying, where every opportunity the market gives you to buy a stock cheaper than the day before, investors seize upon. And with QE3 upon us, it won’t be no different this time around.  So with that, I bring you the “buy-the-dip” edition of

I was stopped out of Green Mountain Coffee Roasters (GMCR) this morning for a -4.5% loss, but have just now replaced it with a new position in Sears Holding (SHLD) with a buy-in at $61.10. So far so good, and the market is showing signs of the bulls coming back to the table here and