• The market today has done nothing more than languish around break-even. However, after monitoring the market internals, the more I believe this market is going to see another run – maybe it doesn’t break that descending trend-line as previous discussed (see my article on the S&P 500) but I do think we’ll a a pop

    By |Published On: May 24, 2011|1 min read|
  • Everyone seems to be concluding that we’ve got some downside ahead of us going in to the week ahead. As for me – I’m on the fence ready to expect anything. I’m about 60% long going into tomorrow without a single short in the portfolio. I am a bit skeptical of the perceived bearishness out

    By |Published On: May 22, 2011|1 min read|
  • Here are some of the recent trades being made in the SharePlanner Chat Room – which by the way is free for your use. All you have to do is register to become part of the Trading Network here at SharePlanner (once again at no cost), and then you will be able to jump into

    By |Published On: May 20, 2011|0 min read|
  • The market definitely puked on the Existing Home Sales report, but the damage isn’t all that bad from a daily perspective – it’s just that it wiped out our early gains quite convincingly. Nonetheless, I am still focused on trading to the long side and will continue to do so, until this market experiences a

    By |Published On: May 19, 2011|1 min read|
  • I’ve taken gains on two stocks this morning – El Paso (EP) at $18.90 from $18.22 for a 3.7% gain and then Expedia (EXPE) at $26.73 from $25.58 for at 4.5% gain. Overall it was a great way to start the day and now I am only 40% long with the addition of Chubb

    By |Published On: May 18, 2011|0 min read|
  • What a roller coaaster of a day! And quite the recovery by the S&P to close right on the 1329 price level (okay-it was a hair below it, but that isn’t significant enough for me to consider it as a break of support). Below I’ve put together 6 trade setups to watch closely, going into

    By |Published On: May 17, 2011|1 min read|
  • The bears probably havent’ felt this good since….well…last May, when the markets put in a short-term top ushering in what was a very volatile summer. Couple of key points to make here though. 1) S&P has not held the important 1329 price level, and that is a big problem for the bulls, and as of

    By |Published On: May 17, 2011|1 min read|
  • I’ve been busy this morning closing out a couple of positions, while monitoring a few other breakout plays (follow me on twitter to get them as I find them). So far no new positions, but I did close out my NFLX June 270 Calls at $4.10 from $2.44 resulting in a 68% gain on

    By |Published On: May 13, 2011|1 min read|
  • The bulls have done a good job of erasing the early morning lows. I have yet to put on any new positions, but I am watching closely Constellation Brands (STZ) at $22.90 for an entry. LONG: Constellation Brands (STZ)

    By |Published On: May 12, 2011|0 min read|
  • No new positions yet this morning, but a ton of stocks on my watchlist, that I posted yesterday, are flying. I’m more concerned with managing my current positions, but may, under the right circumstances add one additional position to the portfolio. By the way, did you see Travelzoo (TZOO)? I decided to get out

    By |Published On: May 11, 2011|1 min read|