Trade Setups

Please take the title with a grain of salt. At this point, the bears have blown so many unbelievable opportunities that it is too numerous to count. Short Setups are plenty out there, people. The market looked like it might try to make a big run today, but instead, it has sold off all its

Home Depot (HD) has a lot going for it today as it is break through multiple levels of resistance both from a short-term and longer-term time frame.  First you have a double bottom that has formed and confirmed over the past month. Next you have a key support/resistance level at $130 that has been an

The Bears keep knocking at the lows of the day but the bulls won’t let them come through. Still, a fairly bearish day on the stock market, and it will be interesting to see how that translates into tomorrow. Is the selling done, or just a quick brexit-break from the ho-hum way of buying everything

Another one of those days where the market gaps up (and in some cases down) and does absolutely nothing thereafter. Granted we still have two hours left before the market closes, so anything is possible, but nonetheless, this price action is boring me to tears today. Over the past three trading sessions, the market is

Choppy trading session as the bulls nor the bears are holding on to any king trading edge here. This is in large part due to the suspense that the Brexit vote has the market in. Odds seem to point at them staying, however  polls today show the “leave” vote evening up the score.  Where do

Rare do you find such an unenthusiastic rally, but that is what we have here today. The bulls goosed the markets overnight to ungodly pre-market highs, but since the initial burst at the open, it has done nothing but put in lower-highs and lower-lows on the five minute chart.  There is a part of me

6/17:Cup and handle pattern in play on LVS. Held up well to recent 5 day sell-off by stocks and is now ready to break out of the pattern and base that it has been in for the past 2.5 months. Also, its competitors are showing a lot of strength of late - namely MGM and

Early on this morning, the market acted like it may want to bounce off of support in the 2087-2102 range on SPX. That is in doubt at this point as the market quickly erased the morning bounce off of the lows from this morning. It is hard to say where this market truly wants to

At this point, the bearish case doesn’t have many proponents supporting it. For me, I just go where the price takes me and right now, it isn’t taking me lower, as a result, I am trading long.  Today is fairly significant for the bullsA if it can hold the current price gains into the close

6/7: Breaking out of the recent price range from the past two months with an inverse head and shoulders pattern at the highs. Support at the 50-day moving average.