Trade Setups

I took my first trade of the day in Carbo Ceramics (CRR) at $72.27. Overall the setup looks solid and is trying to break its down-trend from last March.  There is also a very appealing cup and handle formation that has formed and confirmed over the past one-and-a-half months and breaking through notable resistance in

The Chart of the Day…     Quick Glance at the Market Heat Map and Industries Notables: Lots of RED in the Financials and Tech sectors.  Services and health-care showed glimmers of hope.  The afternoon sell-off pretty much took everything down. 

I must have volatility running through my veins today because I just took on two historically very volatile charts and entered into long positions on them both. I jumped in Molycorp (MCP) at $12.48 and then shortly thereafter I got into Alexza Pharmaceuticals (ALXA) at $4.83 – but not to be confused with ALXN which

Pre-market update (updated 8:30am eastern): European markets are trading 0.8% higher.  Asian markets finished 2.5% higher.  US futures are trading slightly higher ahead of the bell.  Economic reports due out (all times are eastern): Employment Situation (8:30am), Treasury STRIPS (3pm) Technical Outlook (SPX): Huge day for the market yesterday – breaking out to 4 year highs

The Chart of the Day…   Quick Glance at the Market Heat Map and Industries Notables: Not a good day for the Conglomerates Basic Materials and Tech also weighed down the market today.  Services, Goods and Utilities showed a little bit of buying action today. 

This is my first trade after being back from a short vacation since last Wednesday afternoon. Thank goodness for those 5-hour energy drinks or I’d be lagging quite a bit today.  The trade in Crocs (CROX) comes off of my watch-list, and a stock that I’ve been following for weeks now waiting for an ideal

As you know by now, I don’t buy a lot of stocks under $5.00. That doesn’t mean that I won’t, but it really has to catch my eye! Well Northern Dynasty Minerals (NAK) has done just that! It has been on a downtrend since January of 2011, and since June of this year has spent

SPX continues to chop around, appearing like it doesn’t want to do anything until that Jackson Hole speech on Friday. If that’s the case, we’ve got a fairly boring week ahead of us.  Here’s today’s lazy trade long and short:

So far I’m 1 and 1 (.500) trading Redhat (RHT) and now I find myself throwing my red hat back into the ring for another go-around by going long at $57.56. This stock continues to provide excellent setup after excellent setup.  Now you have that same double top from before but this time with a

I didn’t do a Lazy Trade posting on Friday (but that doesn’t mean there wasn’t a ton of trading ideas posted) so I didn’t want another day to go by without doing another one. The S&P 500 has done a great job of recovering off of the morning lows and holding those new intraday highs.