Watch-Lists

I’ve provided a snap-shot of my watch-list short for this week, should we continue to head lower. In most of these names, I’d like to see a minimal bounce before shorting them, while others are breaking down and you have to act swiftly.  I would love to see a nice bounce out of ISIS,

I have really been hesitant in adding any new positions today to the portfolio. Going short at this point seems like a chaser’s mindset, and going long when the VIX is spiking and then consolidating at the highs, doesn’t make much sense either.  So outside of getting stopped out of WYNN earlier, I

Today’s Lazy Trades (gotta love today’s picture too!) comes with me jumping into NTE at $11.38, which really hasn’t been that great of any entry so far as it dipped below that level since getting in. Nonetheless, the stock is seeing insane amounts of volume while trading sideways the past few months.  As it breaks

It’s not often that I come across a five-letter symbol worth going long or short in, but WTSLA as a low-dollar stock, is setting up nicely to the upside for a breakout. The range to get in is between $3.26 and $3.33. I’d put the stop though at $3.12 which will keep risk at bay. 

One new trade to report today and that is in Gafisa (GFA) – a stock that I’m pretty sure I’ve never traded in before, but is coiling nicely near the highs of its current price action. I didn’t wait for the breakout on this trade before entering, primarily because the risk/reward was so favorable at

I always keep an active long and short watch-list and I add and subtract from it each day. I think it is an absolutely essential element to successful trading and reviewing those names which are on the list regularly. To the right I have posted my watch-list heading into next week, and there are

Of the two trades listed below, I’m tempted to add Reynolds American (RAI) as a short position because I think it will struggle even if the market breaks out of the six-day market funk it is in, and if it does run hard against my position, it won’t be able to do long without getting

So far the market has seen its rally stall after making a respectable bounce off of the morning lows. Bulls may come back to the table later this afternoon, but that remains to be seen.  Today’s lazy trades offers similar trading patterns in opposite directions. Leap Wireless International (LEAP) has the inverse head and shoulders

Market is showing a respectable bounce – in essence it is attempting to stop the minor bleeding over the past couple of days. Overall the pullback had little to no volume compared to the run up, and selling was in a very orderly fashion (no fear at all).  I’m looking to add one more trade

Taking on any short positions of late has been more than likely an unmerciful experience. I personally have avoided them like the plague, and as I mentioned yesterday, they will be relevant again at some point, and when that time comes you want to be ready with a list of setups you can take advantage