Trade Setups offer two solid long-term patterns that have confirmed The market remains in a back and forth motion. One day up, the next day down. This has been the case now for almost an entire month. If we were truly weakening under the surface, I do not believe we would have seen the kind
Today’s weakness not undermining the likely push higher I didn’t want to see us drop back below the 1564 level, but as of this posting we are trading at 1561. Despite that, I don’t think the  uptrend is broken or the progress that was made on Thursday for that matter made insignificant. Nonetheless, like what
A heavy dose of swing-trade short setups We’ve seen the market put together a bounce after every sell-off of late. Particularly when there is a major push slower, the next day has responded with a heart-breaking rally for the bears. I’m not necessarily looking to get short here. I wish I could, but the market
Swing-Trading Long List, much shorter and selective than my short watch-list One thing that I am noticing with this market despite it being up close to 10 points as of this post, is that there isn’t a lot of stocks following the rally. Instead there are a lot of individual stocks languishing while the
Three potential swing-trades that I am considering adding this afternoon (though probably only 1-2 will actually be chosen) Steel Dynamics (STLD) – Breaking a long-term uptrend off of last year’s October lows. so very close to breaking it. Below $15.10 and it should be confirmed. A move at the least down to $14.50 should be in
Today's Swing-Trade Long and Short Setups:Â Long: Cypress Semiconductor (CY) Short: Applied Micro Circuits Corp (AMCC)
Market Points Higher, Risk Points Lower We are at a point in this market where traders have to become increasingly concerned with risk they are taking on in their long positions. Here’s the thing, we have two negatives for this market in terms of being oversold/overbought. First we are trading well outside the Bollinger Bands
Two swing-trades (long & short) to consider going into the close and into tomorrow:Â Long: Freescale Semiconductor (FSL)
Not much to talk about here. So many stocks that I had been watching are now invalid either because of the technical damage suffered last week or the huge ramp up experienced thereafter. As a result there isn’t a lot of stocks that catch my eye as being solid trading opportunities. Of those stocks listed
My Swing-Trading Short Setups I’ve been stating for most of last week, that despite the painful squeeze the bulls put on the bears after last Monday’s sell-off, little has been done to change or repair the damage that took place last Monday. While that can change with a break above 1521, it is nonetheless necessary