Trade Setups

So far, it’s what I pretty much expected out of the market, sitting at the 1294 level on Friday’s close, and six straight down days – makes for a highly probably bounce like we are getting so far today. At the moment, I’m not going to short anything new…yet, and I went ahead and closed

Not to much to report here on my end. As we go into the final hour of trading, I’m hoping to see some capitulation or a nice flush in price. I hold about six short positions right now, and I’d love to sell some of them on weakness. We are heading straight for a bounce

Economic Reports Due out (Times are EST): MBA Purchase Applications (7am), Housing Starts (8:30am), Industrial Production (9:15am), EIA Petroleum Status Report (10:30am), FOMC Minutes (2pm) Premarket Update (Updated 8:30am eastern): US futures are moderately higher at the open.  European markets are trading mixed/flat. Asian markets were down hard, ranging from -1.1% all the way down to

No positions yet in any of these names, but I plan on adding a few as we head towards the close. Whether you are bullish or bearish there are plenty of opportunities below.   LONG: Activision Blizzard (ATVI)  

We’re heading into the close and the market is playing with the notion of closing below 1340. If we close below that I’ll be a little bit more comfortable about adding more of the short setups listed below. I’ve already added Sigma -Aldrich (SIAL) at $70.27. I was actually thinking the market might take a

I’m a bit mixed on this market. On one hand, I’m not finding a lot of short setups that aren’t already well over-extended, and too risky to be jumping in at this point, however, there’s enough resistance overhead on the S&P, where I’m skeptical of it rallying much and lifting some of these shorts off

Only two new trades for me today, combined with my trade in USO, which has held up decently well, even though I am a bit under water on the position (in at $36.74).  The first trade was AEIS at $13.25 with a stop at $12.76. I can’t take credit for this trade as @thetradingwife spotted

I took on four new trades today – two longs and two shorts. This brings me to a total of four longs and two shorts. I want to hedge myself a little still, because we haven’t broken out and above 1422 yet. I also closed out my trade in CLX for a 0.24% gain. Not

I’ve made four new trades today – two longs and two shorts. Only one of the long positions will I try to hold over the weekend.  I’m pleased with the market action so far today – the bounce from the past two days went right into resistance and it seems like…at least for now…the bulls

I’m expecting that we’ll see a bounce in the market tomorrow. We’ve been down four straight days, and if recent history says anything, it says it has a very hard time going down a fifth straight day. I think the bulls will look to try and game this sell-off and see how much damage a