The bears are back up against the ropes but as we have seen in the past, it only takes one headline to completely ruin things for the bulls. But what the bears lack is the gusto to follow through and build upon the weakness presented to them. 

We got a glimpse last week of how quickly the hysteria can come about when the VIX spike intraday 40%. Having seen that, and the suddenness of it, it is a foolish thing to not remain prepared at all times. 

So continue to stash away these bearish trade setups for when the time is right. Heck, it might be this afternoon, tomorrow or two years from now, but when it does come, you'll be ready. 

Here'e the bearish list of trade setups

Read more...

Pre-market update:

  • Asian markets traded 1.1% higher.
  • European markets are trading 0.9% higher.
  • US futures are trading 0.4% higher ahead of the market open. 


Economic reports due out (all times are eastern):
ICSC-Goldman Store Sales (7:45), Consumer Price Index (8:30), Redbook (8:55), FHFA House Price Index (9), Existing Home Sales (10), Richmond Fed Manufacturing Index (10)

Technical Outlook (SPX):

  • Dip buyers came in again to rally SPX off of the rising trend-line that begun off of the April lows. 
  • If the bears are going to take control of the market they need to push price below the trend-line at 1959. 
  • Once again a test of the 20-day moving average intraday spurred on a intraday reversal. 
  • Volume was extremely light yesterday - half of what we have seen in the previous two trading sessions. 
  • VIX remains volatile, this time rising 6.2% to 12.81. However, the trading range has shrunk each of the last two sessions. 
  • SPX continues to trade in a month long range for July. A break above all-time highs would change this. 
  • Bulls still hold the advantage in this market. The bears managed yet again to not seize the opportunity to push this market lower with the geopolitical headlines facing the market. 
  • For the bears, a close below 1952 is very real and possible. If broken, it will confirm a short-term double top in the index. 
  • Additional key support levels for the SPX to hold in the future is 1944 and 1925. 
  • Very real chance that we may be entering into an extended period of consolidation between the 1950's and 1980's. 
  • The market doesn't care about the economy nor earnings. That is not what is driving it. The market only cares about what the Fed is doing to keep equities propped up. 


My Trades:

Read more...

If you haven't done so yet, be sure to sign up for the SharePlanner Splash Zone Free 7-Day Trial and receive access to my chatroom and real-time trade alerts via text and email (including international). You can also automate all my trades through Ditto Trade. Click here to subscribe.

Here's tomorrow's swing-trading watch-list:

Long Lyondell Basell Industries (LYB)

lyb

Read more...

Here the week's bullish watch-list and there is no doubt a lot of question marks in the air right now.

People are wanting to be freaked out by the MH17 airliner that was shot down and people are wanting to be nervous about the Israeli ground attack in the Gaza. At the end of the day, does it really matter for the market? No. Can these events get worse? They shouldn't. As a result, it is hard to get bearish on this market until there is that pipeline of bad news pouring in regarding events that would create legitimate concerns about the market itself. 

I consider the news a few weeks back about the Portugal bank that was having issues a far bigger threat to the market than the current crop of news driving prices down at the moment. 

As a result, you will want to keep this list of bullish stocks ready, and know in advance which ones you want to pull the trigger on for when this market does in fact turnaround yet again. 

Here's the list of bullish trade setups:

Read more...

Pre-market update:

  • Asian markets traded 0.7% lower.. 
  • European markets are trading 0.4% lower.
  • US futures are trading 0.3% lower ahead of the market open. 


Economic reports due out (all times are eastern):
Chicago Fed National Activity Index (8:30)

Technical Outlook (SPX):

  • Strong bounce out of SPX on Friday recovering much of the losses from the Thursday sell-off. 
  • Volume was very strong on Friday and increasing the likelihood that the move was more than just a dead-cat bounce. 
  • SPX has regained the 10-day and 20-day moving average. The former doesn't mean much, but overall the 20-day moving average has been a source of strength for the SPX to rally around. 
  • For the bears, a close below 1952 is very real and possible. If broken, it will confirm a short-term double top in the index. 
  • Additional key support levels for the SPX to hold in the future is 1944 and 1925. 
  • Very real chance that we may be entering into a period of consolidation between the 1950's and 1980's. 
  • Right now the buy-the-dip mentality still runs strong in this market, and this morning's weakness could easily be bought up. 
  • VIX came crashing down more than 17% to 12.06 on Friday. 
  • Headline risk creeping into the market with the Malaysian airliner being shot down in Ukraine airspace and Israel's ground offensive in gaza. Neither of which I think will have an extended impact on the market. 
  • If 1944 breaks SPX will have put in a lower-low and that is bearish
  • The market doesn't care about the economy nor earnings. That is not what is driving it. The market only cares about what the Fed is doing to keep equities propped up. 


My Trades:

Read more...

If you haven't done so yet, be sure to sign up for the SharePlanner Splash Zone Free 7-Day Trial and receive access to my chatroom and real-time trade alerts via text and email (including international). You can also automate all my trades through Ditto Trade. Click here to subscribe.

Here's tomorrow's swing-trading watch-list:

Long Cliffs Natural Resources (CLF)

clf

Read more...

facebook-shareplanner-cover

The market proved how one day's fearful sell-off is the next day's buying opportunity. 

In the midst of the sudden and heightened volatility, one thing should not change - and that is one's emotional state and approach to trading. 

One thing you can do is turn CNBC off and quit worrying about what they have to say. They need a bear market to boost their viewership so the sky will always be falling in their eyes. It's a fact that their viewership more than triples in times like the 2008 recession and the dot-com bubble burst in 2000. So it is in their best interest to make you panic and tune in to them as a result. 

Also what traders like to do during times of great selling pressure is to stop following what the charts are telling them and instead watch the profit/loss on their account and then start selling stocks when the pain becomes too much. 

First off, if your profit/loss on a bad day in the market is causing your stomach to churn, then you are risking far too much on your trades. You should be able to find comfort in your stop-losses and not fear them being stopped out. If that is not the case, then you should reduce your positions size on your trades until it is an amount in conjunction with your stop-loss that will not cause you grief when a trade does not go your way. 

Because if you look at the chart from Thursday's sell-off, the one thing that leaps off the page was that the sell-off took price on the S&P 500 down to the upward, rising trend-line that started off of the April lows. When I looked at most of my charts, the majority of them were still in good shape and didn't need to be sold. As a result when Friday rolled around, there was a profit to be made off of the bounce and despite the sell-off on Thursday, the losses could be recovered simply by staying in the game and managing your positions based on what the charts are telling you and not what the profit/loss on your positions were saying in a specific moment in time. 

If you are struggling with your emotions in trading and how to consistently profit or you are simply in need of a place where you can trade with a multitude of other traders and profit from their ideas and strategies, then you need to sign up for a Free 7-Day Trial to the SharePlanner Splash Zone where you will receive full access to my chatroom where I am at Monday through Friday from the time the market opens until it closes that includes real-time trade alerts including email and text alerts (international numbers also). You can get started in the SharePlanner Splash Zone by clicking here

You can  also see just how consistently profitable my trading past performance has been over the years by clicking here


With The Splash Zone, you will get my low risk and high probability trade setups that no other trading service can offer.

subscribe

Start Your Free 7-Day Trial Today!

Read more...

Discussing current price action as well as trades that can be had as well. 

I will be discussing individual stocks such as YUM, DDD, PBR, BX, BKD, AXL, KATE, HPQ, TTM.

Here's the video:

Read more...

Pre-market update:

  • Asian markets traded 0.7% lower.. 
  • European markets are trading 0.3% lower.
  • US futures are trading 0.2% higher ahead of the market open. 


Economic reports due out (all times are eastern):
Consumer Sentiment (9:55), Leading Indicators (10)

Technical Outlook (SPX):

  • Heavy sell-off yesterday and the first time in over three months that the SPX has made a move of more than 1% in either direction. 
  • As a result volatility spiked through the roof 32%
  • Potential for a short-term double top has emerged on SPX. A push below 1952 today would confirm this. 
  • Volume was very heavy yesterday as would be expected on a day like we had. 
  • Lots of potential headline risk creeping into the market with the Malaysian airliner being shot down in Ukraine airspace and Israel's ground offensive in gaza. 
  • If these events are more like one-time events, and don't spiral into additional news stories, than the likelihood that the bulls will buy the dip is very real. 
  • The trend-line off of the April lows was tested yesterday and held (see below).
  • If 1944 breaks SPX will have put in a lower-low and that is bearish
  • 10 and 20-day moving averages both broken yesterday. 
  • The market doesn't care about the economy nor earnings. That is not what is driving it. The market only cares about what the Fed is doing to keep equities propped up. 


My Trades:

Read more...

If you haven't done so yet, be sure to sign up for the SharePlanner Splash Zone Free 7-Day Trial and receive access to my chatroom and real-time trade alerts via text and email (including international). You can also automate all my trades through Ditto Trade. Click here to subscribe.

Here's tomorrow's swing-trading watch-list:

Read more...

Page 1 of 414

<< Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >>