• The Daily Long and Short Setup

    Futures continue to consolidate near their overnight highs, with very little in the way of economic reports to affect change on that, so it will be upon the bulls and bears to determine at the open whether they are in a profit taking mode today or if they want to push this market even higher

    By |Published On: November 9, 2010|1 min read|

  • The Daily Long and Short Setup

    Futures continuing to look weak, which, should it accelerate at all to the downside, would offer us a great opportunity, at some point in the day, to add a few new long positions to the portfolio. Be aware that today’s long setup reports earnings tomorrow, so for now, you may want to simply add Ralcorp

    By |Published On: November 8, 2010|1 min read|

  • The Daily Long and Short Setup

    Futures are holding steady ahead of the employment report. I don’t think the market will be as forgiving to investors today if the report misses as bad yesterday’s Jobless Claims did. With your trades today, you’ll want to be very nimble and patient with entries. It definitely isn’t a time to suddenly get aggressive to

    By |Published On: November 5, 2010|1 min read|

  • The Daily Long and Short Setup

    Futures continue to improve on the heals of what is looking like a breakout of recent consolidation for the market. Below are the morning trade setups, for those who are still holding on to a lot of short positions, be very careful about letting a market that is on a technical breakout, continue to run

    By |Published On: November 4, 2010|0 min read|

  • Trade Setup Performance Review

    We remain stuck in the market that has no desire to breakout or breakdown. Just when you thought the trading range in the S&P couldn’t get tighter, it gets tighter. As a result, making profits in this type of market can be hard to come by. However, the Daily Trade Setup performance from 10/21 through

    By |Published On: November 3, 2010|1 min read|

  • The Daily Long and Short Setup

    Futures still remain in positive territory, as we still have a lot of reports due out later this morning, not to mention the FOMC Statement at 2:15pm ET.  LONG: Greenhill & CO. (GHL)  

    By |Published On: November 3, 2010|0 min read|

  • The Daily Long and Short Setup

    So far, so good. The only problem is that we’ve seen these large gap ups in the morning, only to see them quickly evaporate at the open. Whether we see that happen again is any one’s guess, but the key is to watch the main price levels and how the market responds to them.

    By |Published On: November 2, 2010|0 min read|

  • The Daily Long and Short Setup

    Despite some strong market action overnight, the market, like last week, is trying to figure out a way to give back the gains is has accrued in the pre-market. We’ll see whether we end this day in another doji pattern – we’ve done so for the past five sessions straight. However, if we can at

    By |Published On: November 1, 2010|1 min read|

  • The Daily Long and Short Setup

    I’m a little late on getting today’s long and short setups out to you. I thought I had posted it earlier, but it doesn’t appear that I did. Any case, I’ve got them here for you now. As for the market, still seems to be trending higher still, but in a very choppy manner. I

    By |Published On: October 29, 2010|1 min read|

  • The Daily Long and Short Setup

    Futures have risen sharply after the Jobless Claims report glowingly beat expectations (would you expect anything different prior to the mid-terms?). LONG: Goldman Sachs Group (GS)    

    By |Published On: October 28, 2010|0 min read|