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 is tomorrow's swing-trading watch-list:

Long Apple (AAPL)

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Trading requires a lot of diligence, especially with the month of July where the market from its opening price on July 1st through today's closing price has only move 16 points on the S&P 500.

That's less than 1% of the market's current value

As a result it takes a lot of time and diligence to consistently profit in such a market. There are a lot of factors that can lead to making costly mistakes as well: from over-trading and lots of commissions to frustrations of seeing winners turn into losers. You also have the lack of solid winners that run nicely and the absence of momentum in the market indices. 

If you're not careful this can all lead to a loss of capital that can quickly dig  you into a deep hole. 

As a trader for nearly 20 years now, I have learned to consistently profit in all market types. 

And by far the hardest market to trade are the ones where there is little to no trading range. However, profiting in them is still possible. For one, you have to lower your expectations for what you can take away from the market . In a rising market if you are accustomed to booking profits of 8-10% on your swing-trades, then in a sideways market, you may have to be content with 2-4%. On the other side of trading, you must, and I repeat, MUST keep the stop-losses tight. If you are only taking away 3% in profits from your winning trades on average and that means your average loss needs to be no more than 1.5%. While I have had some losing trades myself this month, I have managed to keep them to an average of 1.1%. That is huge because making a profit this month becomes so much easier when you can keep the losses insignificant in your trading while managing to let the winners run between 2-4%. 

For instance, I booked profits in Kate Spade & Company (KATE) at 39.76 for a 4.4% profit todaywhich is four times the amount in profits compared to the average loss that is incurred. 

That's huge!

You have to be aggressive in this kind of market and take the profits when you have them and you can start doing that with me each and every day by signing up for my Free 7-Day Trial to the SharePlanner Splash Zone where you will receive all my trade alerts in the Splash Zone Chat Room. Also, you will also get my trades via email and text (international numbers too). For those who can't follow all my trades, I would encourage you to sign up with Ditto Trade where they automate the trades of many Splash Zone Members so that they can profit consistently in the same manner as I do. Just check out the kind of past performance that I offer my members. 

Don't let this market churn your portfolio into little pieces. Start trading in the SharePlanner Splash Zone Today, and start profiting consistently in the stock market. 

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

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 Reviewing the current state of the markets as well as going over trade setups in FB, GOOG, AAPL, AMZN, CMI.

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Pre-market update:

  • Asian markets traded 0.8% higher.
  • European markets are trading 0.6% lower.
  • US futures are trading 0.2% lower ahead of the market open. 


Economic reports due out (all times are eastern):
Durable Goods Orders (8:30)

Technical Outlook (SPX):

  • SPX experienced another day of very limited follow-through in the market. 
  • The notion that we could push through 2000 on SPX, is being met with selling jitters. 
  • On the S&P 500 futures (/es) there is a very well-defined head and shoulders pattern on the 5-minute chart that started forming on 7/23.
  • Volume tapered off some on SPY yesterday. 
  • VIX popped 2.8% to 11.84. 
  • Potential distribution on SPX 30-minute chart. 
  • SPX in overbought territory. 
  • Some of what I'm seeing here prior to the market open has me concerned that we may be setting up for a short-term pullback here in the market in the coming days. I don't plan on adding any short positions. Just an observation at this poi nt. 
  • Volume has been relatively flat so far this week. Weak market participation. 
  • If the bears are going to take control of the market they need to push price below the trend-line at 1965 (see chart below).
  • 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:

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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 is tomorrow's swing-trading watch-list:

Long Aflac (AFL)

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Pre-market update:

  • Asian markets traded 0.1% higher.
  • European markets are trading 0.5% higher.
  • US futures are trading 0.2% higher ahead of the market open. 


Economic reports due out (all times are eastern):
Jobless Claims (8:30), PMI Manufacturing Index Flash (9:45), New Home Sales (10), EIA Natural Gas Report (10:30), Kansas City Fed Manufacturing Index (11)

Technical Outlook (SPX):

  • SPX is breaking out of the 1% box range that it had previously been stuck in since July 1st. 
  • A very real chance SPX makes a run for 2000. 
  • Very possible we see another similar run like what we saw when SPX broke out of consolidation on 5/23 and ran hard until 6/9. 
  • Volume has been relatively flat so far this week. Weak market participation. 
  • VIX is falling hard as it dropped another 5.8% yesterday to 11.52.
  • 30-minute SPX chart shows a nice breakout of the recent trading range. 
  • Very little reason to be bearish in this market. SPX is once again establishing new highs, and advancing higher in an orderly manner. 
  • Very little in the way of planned news events which, if there is no negative impact surprises, it should bode well for stocks going forward. 
  • Everything looks solid and in place for this market to continue pushing higher in the days ahead. 
  • If the bears are going to take control of the market they need to push price below the trend-line at 1964 (see chart below).
  • 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:

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

Long Bed Bath & Beyond (BBBY)

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Today was the market's biggest day of the month in terms of determining its future direction.

Since the first day of the month the S&P 500 has been stuck in a dismal 23 point range. That is a slight bit more than 1% - hardly anything to get excited about. And since then it has been give and take for the market. 

As a result, there has been very little room for the swing-trading to see its positions run hard. But now with us breaking out of the top end of the range, the opportunities are now expanding and the patience we saw during the first 22 days of the month, should pay-off nicely in the final nine. 

Sometimes the market doesn't give you the profits when you want it to.

Instead it is kind of like fishing, you won't catch a keeper every time you cast your line in the water, but you have to keep a line in the water for the time when the fish are good and ready to bite. 

As it is with the stock market, it won't always be moving in a clearly definable way in the short-term, but you have to keep positioning yourself, and managing the risk associated with the trade, so that when the time does come for a bigger move, you are in the right place with the right positions to take advantage of the move. 

That is what I have been doing all throughout this week here - simply pruning the hedges - the positions that don't work, I cut from the portfolio. Just like I scrapped PCAR today for a 0.7% loss. I'm keeping the losses small, and letting the charts that are performing well stay in as long as the charts suggest I do so. At the end of this period of consolidation, I end up with a portfolio of stocks that have weathered the sideways churning of this market and are ready to push or already pushing much higher. 

In the end, trading at its core is a game of patience - in the SharePlanner Splash Zone I show you the necessary patience with the market and when to add and subtract positions. When to let the positions run, and when to know that patience has run its course and the position has to be cut. At the end of the day, the portfolio of positions are poised for solid growth and returns. 

Each month I seek to provide consistent and profitable returns of the SharePlanner Splash Zone and that is exactly what I do! You can see my past performance for every trade I've made by clicking here.

And you can do the same by signing up for the SharePlanner Splash Zone's Free 7-Day Trial and receive access to my chatroom that I am in each and every day from the time the market opens until it closes, as well as receive my Real-Time Text and Email Alerts (international texts too) and the ability to automate all my trades through Ditto Trade.

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

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The SharePlanner Reversal Indicator is once again lining up on both time frames.

The bears, much like we've seen over the past year with bearish reversals, have simply seen mere consolidation intertwined with a few volatile moments. But now we are getting close to a double bullish reversal where both the weekly and the daily line up perfectly. 

Here's the Daily SPRI:

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Pre-market update:

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


Economic reports due out (all times are eastern):
MBA Purchase Applications (7), EIA Petroleum Status Report (10:30)

Technical Outlook (SPX):

  • SPX continues to show the desire to test all-time highs, falling only 2 points short of the record closing. 
  • SPX 2000 is within the realm of possibility now as well. Any significant rally will take us past this mark. 
  • Bullish kicker formed on SPX over the past two days, which bodes well for additional price gains for the market. 
  • Volume was slightly better than the weak showing we saw on on Monday. 
  • Very little in the way of planned news events which, if there is no negative impact surprises, it should bode well for stocks going forward. 
  • VIX dropped another 4.4% to settle in at 12.24. 
  • Everything looks solid and in place for this market to continue pushing higher in the days ahead. 
  • If the bears are going to take control of the market they need to push price below the trend-line at 1961 (see chart below).
  • SPX continues to trade in a month long range for July. A break above all-time highs would change this. 
  • 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:

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