Trade Setups

The bulls are showing a little bit of enthusiasm in the early part of afternoon trading. However, throughout the morning they were showing all the markings of simply wanting to throw in the towel.  At this point, I’d still consider the market to be in a chopping range, and doing nothing to resolve the weakness

4/21: Crude hitting major resistance on the chart. Since I don't trade futures in the Splash Zone, I have elected to short USO instead. There is plenty of long-term resistance overhead on the price of crude, which I will provide a chart for.

Just think… just a little over two months ago, SPX was down almost 12% year-to-date with what appeared to be no end in sight. Since then, the market has been on an unabated rally that has erased all of those losses that the market was experiencing.

It took a grand total of five minutes for the market to overcome a five percent drop in the price of oil and ultimately push the indices back into the green, erasing all the hopes and dreams that the bears came into the week with.  So far today, the gains the market is experiencing looks

Two days in a row where the SPX is selling off, and today, if the weakness can hold, would be the biggest sell-off since March 8th.  Some selling would definitely be in order here and continued selling today will be flashing sell signals across a lot of indicators.  So saddle up, if we are putting

Yup, the sellers are showing early control of the market to start this week, but let’s be honest with ourselves, have they really showed any conviction to the downside? Any momentum worth mentioning? No.  In fact, I wouldn’t be surprised if the bulls try to stage another rally in the last hour just to get

USO chart so far is really interesting to me. Yes, it has lost all of its short-term moving averages that include the 5-day, 10-day and 20-day, but overall, the pullback that has, until today, lasted six straight days and seven of the last eight days, has only given up 38.2% of its recent gains, which

The chart is beautiful, and there is little resistance overhead. I’ve already added one new swing trade to the portfolio today and I like my positions and long exposure where they current are. As a result, I don’t want to add any new long positions to my portfolio right now. 

Let’s face it, the Central Bank Bubble is still on the up and up. Yes, it was off to a rocky start this year, and last year, well, last year was a total bore.  But the the Fed, ECB, BOJ, and PBOC are clearly doubling down on their desire to keep the rally from 2009

3/28: Holding strong to the 20-day moving average and breaking back above the 5 and 10-day moving average following a 4 day pullback in the stock. 200-day Moving average overhead has offered little support/resistance so isn't being considered in the context of this trade. Potential breakout target of $110-115. This stock is a strong breakout