Trade Setups

I honestly should have checked the earnings calendar before buying this stock, but they don’t report until after the bell on Wednesday, and since this is a high beta-stock, I’d expect it to move before then. But no way, will I hold through earnings.  Nonetheless, I like how it is trying to bounce off of

Once the market opens each day, it can be rather difficult to surmise which direction it will go by the end of the day. For some it seems like a a random walk in the park. But for me, as a trader, there have been countless observations that I’ve made from over the years about

Right before I went long on Krispy Kreme Doughnuts, I happened to see the “Hot Doughnuts Now!” sign lit up like Christmas. Secondly, my appetite was begging for doughnuts, and lastly, the market always give good trades on one’s birthday. Need I say more…? In fact I do – I need to order me one

Moments before this post I jumped in Cobalt International Energy (CIE) at $24.22. One of the plays in this current market that has done exceedingly well for me have been the breakouts from support, and then waiting for a few days to even a week perhaps for it to pull back to that original breakout/support

I posted the chart earlier in our chat-room real-time as I took the trade, and mentioned it in the 7 Stocks Flying Under The Radar post from this morning as well before taking this trade, but I have to say, that Tutor Perini (TPC) is looking like a stud so far. I have no clue as

I don’t know what it is with me and my love/hate relationship I have with Netflix (NFLX). I’ve had some of my best trades come from it, but then there was the chance that I had to add it to my long-term account 5 or 6 years ago when it was in its $20’s and

Pre-market update (updated 9:00am eastern): European markets are 0.7% higher. Asian markets sold off an additional -0.4% today.  US Markets are slightly higher heading into the open.  Economic reports due out (all times are eastern): Consumer Credit (3pm)  Technical Outlook (SPX): SPX attempted to sell-off yet again yesterday, but recovered most of its losses before

I’ve actually, while typing out this post, added one of the names on the list (yes these are legitimate setups unlike a lot of websites out there) as the setup looks solid and the market seemed interested in putting in a bottom to today’s action.  Nexen (NXY) was added at $16.46 (see chart below) and

I took the trade in Pharmaclyclics (PCYC) this morning – as it appeared in my scan as having higher than normal volume in the AM. Having traded and watched it quite a bit of late, this is one of those trades, where I saw it teste the 10-day moving average like it did previously and

Below are five stocks that I’ve identified as providing excellent risk/reward setups. I’ve already gone long in one of them – Wabco Holdings (WBC) at $53.98.  On another front – I got stopped out of WLT this morning, which was a short position that I was using to hedge against this market, and the early