Trade Setups

Here are two short setups that are well worth adding to your watchlists and that I’ll be paying very close attention to today.

I’ve dabbled in TNA (in and out already) this morning for a 1% profit, and now I am short Pioneer Natural Resources (PXD). This stock has rallied over $12/share into resistance, or the previous area that it broke down at before. I’ve got a fairly tight stop-loss on it as I managed to get

If you were unable to get in on the market’s move either in the premarket or right at the open (which seemed at that time a fairly risky maneuver to me), then you’ve probably been on the sidelines, waiting for the market to make a move. It also goes without saying, that we are stairing

One of the problems that I find with trading today, is that there are a lot of popular cliches that people hold on tight to, considering them to be untouchable in practice and theory, and the act of challenging these popular beliefs will label one as a trading outcast, reject, or even dangerous. Just like

If you thought the S&P futures were wild last night, you should have seen gold trading – it was even nuttier – at one point, down over $100 yet again. It has done a good job of recovering off of those lows today, but we could be seeing a very good entry in this commodity

I managed to jump into Minefinders Corp (MFN) on two separate occasions today. The first attempt I was stopped out after getting in at $18.24 and getting out at $18.03. However, just because you get stopped out once on a trade, doesn't mean you can jump back in it again later on, if it manages to retest and break through that

Only one new additional short position to the portfolio this morning. I jumped in JBL at $17.05 – which is after down already after pretty strong decline already this morning, but I’m willing to accept that, with the belief that semi’s are going to see a lot more weakness in the day’s ahead, as nearly

This market to me, has the feeling that it will continue to drift, drift….and drift some more, and then suddenly, when no one is expecting it, fall hard and fast before the final bell rings. Just a gut feeling at this point, but we sort of saw that yesterday, except it was to the upside. 

I shorted Och-Ziff Capital Mgmt (OZM) yesterday, and so far it is playing out fairly well. I've also added Dynegy (DYN) which is somewhat of a problem so far today, and close to getting stopped out (it happens!) at $5.30. I'm long  OZM from $10.21 and DYN from $5.23. Here's the chart analysis and breakdown

Two new trades to speak of this morning. One of them I am still in, the other of which I took a small loss on. The first is Mercadolibre (MELI) which I got in at $69.66, and my stop-loss is currently at $69.49. Its not doing much of anything at the moment, and I