A good response so far by the bulls today to the sell-off that we saw yesterday. What is somewhat disturbing is the fact that oil is still spiking. We’ll see what kind of effect that has on the market as the day wears on. Below are 9 Breakout Plays to keep an eye on –
The market has given back a lot of those early gains, and now poses a strong possibility of even going red on the day. Remember though too, that tomorrow is the first trading day of the month, and 5 out of the last 6 of those, have seen some pretty sizable gains dating back to
So far this morning the bulls are trying to keep its “Good-Thing” going by adding on to Friday’s gains. We’ve seen a little bit of selling here and there, but so far it has been mere glimpses and nothing worth noting. I’ve provided below three stocks that I believe merit watching today on your watchlists
Lots of action in after hours trading with The Street frowning upon the Cisco (CSCO) earnings. Depending on how the market ultimately responds, I have for you below a few setups to chew on. Garmin Ltd (GRMN) – Broke out nicely above $32, and for the first time appears to be holding this critical
Five setups to pay attention to tomorrow – 3 of which are long setups, and the other 2 short setups. Patriot Coal (PCX) – Tested 20-day moving average two days in a row with doji candles. Has been a consistent source of support. Vmware (VMW) – Bear flag. Price unable to escape above the 50-day
Towards the close of the day, I placed two new short setups one in LSI Corp (LSI) at $6.42 and the Gold ETF (GLD) at $131.74. The stops are tight on each, so if these trades go against me, the losses are minimal, but the reward much more. The setups themselves are explained in the
Should this market head lower, which I believe (as I’ve said multiple times of late) will this week, then here are seven short setups to get you started tomorrow. Here are the nitty-gritty and quick reasons for each setup. Anadigics (ANAD) – Nice downtrend in place, with tight price consolidation, and poised for a breakdown.
Two trade setups that I like, that depending on what side of the market you are on should be an asset to your portfolio (given that you are on the RIGHT side). LONG: Interpublic GRP of Cos (IPG)
S&P is back over 1300 (unbelievable the rebound after what we saw on Friday), and the bulls, if it can manage to close above the 1300 mark, could see a further breakout to the upside. With that being said, I’ve compiled a list of stocks that are prime for trading to the long-side, and have
The market left a lot of questions on the minds of traders heading into the new month. Was today a dead-cat bounce? Was Friday’s sell-off a mere overreaction? Will we see another beginning of the month market rally like we saw on 8/1, 9/1, 12/1 and 1/1? Does the best January in 14 years,