Trade Setups

Bulls had it going for them this morning, but that feels like a century ago. In their back pocket though are the Bank of Japan and Federal Reserve that lie in wait to step in with their monetary policies to artificially prop this market up.  As a result, keeping a list of long setups is very much

This bounce today is totally different than the one we saw on Monday. The strength is there, it is actually pushing above the 5-day moving average and breaking through the previous day’s highs. Monday’s rally had none of those qualities to it. It was simply a dead cat bounce. As a result you have to

I am not a fan of adding long positions in this current market environment. Especially after yesterday when the bulls gave up all of their gains following what is now a dead-cat bounce.  The market looks to me to be setting up for further downside. You have the FOMC Statement next week, and that could,

At some point, this dull price action has to end and when it does it is likely to lead to a big move for the market – in one direction or another. But there will ultimately be a big move eventually.  It is just a matter of waiting it out and watching the paint dry,

The bulls have had the edge since Friday’s payroll report, rallying slightly on Friday and up a fraction today, despite the sell-off early on.  At this point, you can almost bank on the algos and HFT’s to buy the dip when the market sees, by its standards, a massive 2-3 point intraday drop on the

The market is actually seeing a mild amount of selling today, even though it really isn’t anything to really brag about. S&P 500 (SPX) is back below the 20-day moving average which has been key to a sell-off all along.  You have to be careful about not adding too many shorts at this point in

Bulls are trying to nudge their way back into the drivers seat of this market, and so far it is working for them.  Here’s the thing, speaking from the technical aspect of trading, I really don’t care about P/E’s or what the analysts are saying about a particular stock or the market as a whole.

Yes, I am a faith watch-list developer of all things long and short.  But there can’t be that many bears left in this market. I mean, seriously, what has the market done for you at all lately that says, “I need to be net-short?” Absolutely nothing! On the flip side the last two months in

The market is back to its up/down/up/down ways, so there is some uncertainty regarding current direction it wants to take. But there are some clear price levels to watch going forward if you are bearish. For one, you should be watching the 20-day moving average. So far it has held up well and will need to,

Another one of those “meh” days from the market. The biggest problem for the market of late hasn’t really been the threat of downside, as it is just getting simple follow through on the prior day’s price action. So a lot of your breakouts in individual stocks are not being sustained and as a result