Trade Setups

Since the market opened this morning, I’ve been able to post some incredible gains in my long positions in CMG, NFLX, UA and HD. I actually sold a bit early in Netflix (NFLX) at $77.68 from $70 due partly to my incredible distrust of the stock – only to see it march higher to $80

I've gotta say, that I am somewhat surprised by the fact the market is moving this morning - albeit a little over 5 points, but honestly I thought it would be a total snoozer today. I've taken the opportunity to add Home Depot (HD) at $51.50 and Netflix (NFLX) at $70 flat.  What's funny is that

  I can’t remember or not if I’ve ever bought Chipotle Mexican Grill (CMG) before (as a stock), but considering my incredible passion for all things burritos, this particular long position that I just got in on is particularly exciting for me. In fact, if the stock can rebound and move higher, I’d rather my

Just one new trade for me this morning. I came into the day with WNR and I’m still holding it (though wish I wasn’t stopped out of two longs yesterday). Under Armour has a great looking chart, and one that I think coudl continue to push higher in the days ahead off of the triple

Silver is no doubt a fairly speculative trade, but because I’m trading it with a tight stop-loss that makes sense (i.e. below a critical support level) I’m willing to take a stab at this trade with a stop-loss at $25.40.  Commodities have, no doubt, been weak of late, and the triple bottom that is trying

Once the SPX made session lows, bounced, and then sold off again to make fresh session lows, I decided to short Mosaic (MOS) which I had been eye-ballin’ early on. What appeals to me the most here is the inability to break through the 200-day moving average on five separate occasions over the past year

.  I’m now up to three long positions and just two short positions, though, even as soon as tomorrow, I could see me flipping to the short side more aggressively. I’m essentially watching the daily chart, and looking for a true breakdown below 1306. We get that, and I think this market will indeed see

I know it might seem crazy on the surface to jump in a long position early on, but typically those significant gap downs can be awfully difficult for the markets to hold on to. I’ve been eye-balling Authentec (AUTH) for a while now, and I love the chart setup and the risk/reward. Assuming that the

Pre-market Update (Updated 9:00am eastern): US futures are down almost -1% ahead of the open.  European markets are trading -1.1% lower.  Asian markets are traded -0.6% lower.  Economic Reports Due out (Times are EST): Chicago Fed national Activity Index (8:30am), New Home Sales (10am), Dallas Fed Manufacturing Survey (10:30am) Technical Outlook (SPX): SPX manage to

I haven’t been actively trading in the market today, mainly because the market is really hard to predict with the massive sell-off yesterday whether we just bounce right back up, or we go further south from here.  In particular, today just felt like a massive short covering, so there’s not much to lead me to