Now that we got the FOMC behind us (repulsive as it may have been), it’s time to move forward, looking to tomorrow and the week ahead. Obviously, the Fed is accommodating as it has always been ahead of an election where the sitting president is seeking re-election. In this case it is no different. Here’s
So far on the day, outside of adding CRR as noted in an earlier post, I’ve also added QIHU at $24.00 which is today’s lazy trade long, and closed out ALXA at $4.84 for a measly 0.2% gain from $4.83. While it doesn’t seem like much, I always tell folks to take pride in the
So far, as previously mentioned I added shares of Alexza Pharmaceuticals (ALXA) and Molycorp (MCP). And by the way, MCP does not look good on the day, and as a result, I’m staring at a nice head fake that’ll likely lead me to dump the position before the end of the day. As for
There has only been one new trade for me today. Over the previous 12 trading sessions, I used the market pullback/consolidation to add to my portfolio so that when the market did push higher, I’d be in position to benefit from the move (though there was no guarantee that would happen, but fortunately the bounce
Quiet morning for me from a trading stand point. A lot of my open positions that had previously been great, are showing some profit-taking but nothing extreme. If the selling in those names pick up, I’ll no doubt get stopped out of a few of them as I have fairly tight stops in place already.Â
Here’s my long and short idea for today – Yelp Inc. (YELP) which went last week from being decidedly bearish to optimistically bullish. The other is Brown & Brown (BRO) which I shorted for much of August while the market moved higher (but the short trade did not follow one bit). This time BRO is
Here’s 4 Long Setups and just 1 lone short setup to take you into next week. Some of these are ready to be bought now, while others you can wait till next week on. I’ve also put the stop-loss and target on each chart. Here’s the Long and Short trade setups.Â
Here’s a quick look at my current long and short watch-lists as they stand right now. Just because a certain stock is on the list, doesn’t necessarily mean that it is ready to be placed as a trade. Instead some of them I am waiting for the right entry, formation, etc. But go through this
I haven’t added any new positions to the portfolio  yet this morning, but instead I want to watch the market action into the afternoon session and see whether the turnaround we saw yesterday afternoon goes ignored and the market pushes lower again today. If that happens, I’ll add a new short position to the portfolio