Trade Setups

So far the market has disappointed the bulls by not building on the morning gains, but at least the market hasn’t gotten away from them. The bears, as has been the case since December, has had a hard time holding on to its losses, and building upon them. We saw it Friday, and we’re seeing

Below I’ve put together three charts that had been on a nice upward trend that is finally showing some weakening and a desire to shift directions and move much lower. Granted, we’ll need to see some market weakness in the days and weeks ahead, because at the current rate, it’s hard for anything to trade

Google (GOOG) was downgraded this morning after an analyst at Stifel Nicolaus lowered their revenue and earnings estimates. While I don’t consider the news to be important at all (any upgrade/downgrade is done for self-serving purposes, and never to actually warn us of anything), I am enamored by the price action where this stock is

One of the things that I really value about SharePlanner is the community interaction. This morning one of the regulars, BigApple provided us with two stocks that I probably would not have found, otherwise. The first one International Business Machines (IBM) provides a great head and shoulders setup, while the second one, 3M (MMM) provides

Two new trades I took this morning. The market is looking, as a whole, like it wants make a move higher, but that will in large part depend on whether it can break through the intraday channel that we’ve been stuck in since the beginning of the new year.  Long: MGICInvt Corpt (MTG)  

LONG: Chesapeake Energy (CHK)

One of the people on our trading netork, posted a new short position in KB Homes (KBH) and I think he’ll really like how this one turns out for him. The stock is coming out of a slightly upward trading range, and is breaking hard out of it today. And with all the hype from

Here a few shorts to consider for today and tomorrow as market conditions continue to weaken.  Haliburton (HAL) Dow Chemical (DOW) Mosaic (MOS)

I'm somewhat surprised by the strength that we've seen so far in the market today. Europe appears to be on the verge of implosion, and we're rallying like there's nothing to be worried about (denial? short-covering?). I'm still long on SCO (oil 2x short), and will likely bail on it, if oil can push above

The market is showing signs of hitting a new rough patch, particularly with issues in Europe running amuk and unable to resolve any of their issues. Below I have three charts showing signs of cracking, and once they clear critical support levels, should see the bottom fall out from underneath them. All three are swing