Trade Setups

Pretty good day so far – I went ahead and covered my short position in Meadwestvaco (MWV) at $28.72 from $28.50 for a 0.8% loss. That’s okay though, because I have long positions in HES, MDT, and now in Weight Watchers (WTW). I jumped in at $51.10, and have largely benefited off of the sudden

Nothing better than waking up to the news that the stock you swing-traded just a few days ago (and did hold overnight mind you) was bought out by Apple (AAPL) at a 60% premium from your entry price. And here I was satisfied with the 3% gain that it yielded. It happens. No sense in staring

I guess this guy showed up in his chiseled-out body to give the GNC earnings report this morning, because after the initial spike higher, this thing has dropped hard and fast.  And what we have now ais a trend-line off of last years October’s lows, now cracking and looking to move lower, with a huge

I’ve been somewhat hesitant to pull the trigger on anything, particularly long, once I saw the S&P give  up those early morning gains like it was nothing. But not only that, but the fact that since doing so, we just continue to drift lower with small bounces in between.  In fact, I used the latest

Gap downs are a beast for the bears to hold together – especially those that go bonkers in the form of -20 points or more on the S&P. I actually added today’s lazy long trade Authentec (AUTH) right before posting this  at $5.02. It’s one of the better setups that I’ve seen out there today

Rough day for the bulls (understatement) and so far it has managed to bounce off of those early morning lows and forming sort of a cup and handle pattern on the 5min SPX chart.  So, let’s tally it up for me on the day: I was knocked out of Agrium (AGU) at $93.7 for a

Pre-market update (updated 8:30am eastern): European markets are trading -2.1% lower..  Asian markets traded in excess of -2.3% lower.  US futures are trading -1.5% lower ahead of the market open.  Economic reports due out (all times are eastern): Chicago Fed National Activity Index (8:30am) Technical Outlook (SPX): SPX had a significant sell-off on Friday, with

Typically when a stock goes up after I get stopped out for a loss, or a small gain, I’m not one to care or give it much though. It happens, and will always happen. But geesh, sometimes it’s just hard to ignore. Take Mellanox Technologies (MLNX) for example. I bought into this stock after it

One new trade so far for me today – six longs that I’m holding in my portfolio at this point. However, we are getting some resistance off of the descending trend-line from 4/3 that is cuasing me a bit of concern. I figure this though, if we can push and close above 1374, I’ll be

Thanks to the discovery by @thetradingwife, I ended up taking a long position in Priceline (PCLN) and now I’m forever cursed the rest of the day with the “Price.Line.Neg-o-ti-a-tor!” theme song.  The two things about this trade that interests me most is the breakout of the 3-day consolidation pattern of late, and the solid amount