• The Daily Long and Short Setup

    Futures are doing what they can to minimize their losses ahead of the open (down only 3 points now on the S&P). Lots of talk in the blogosphere about market conditions warranting a pullback. However, market rallies can far exceed technical analyst expectations, and the best advice is to ride this trend as long

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

  • The Daily Long and Short Setup

    Happy October to You! – Futures are trading about a half percent up this morning heading into the open. We have for ourselves a slew of reports coming out today starting at 8:30 and a few more at 10am (check out my Daily Trading Plan for more details), so we could still see a lot

    By |Published On: October 1, 2010|0 min read|

  • The Daily Long and Short Setup

    Jobs and GDP numbers came out positive this morning and the market has reversed its bearish open to where it is now positioned to begin the day with a bullish outlook. I’ve provided my long and short setup below as I always do, but, unless your a total risk-taker, I’d be careful about loading up

    By |Published On: September 30, 2010|1 min read|

  • The Daily Long and Short Setup

    Futures remain all over the board this morning, teetering between positive and negative. Getting a feel for what this market once to do is hard to come by, especially with GDP and Jobless Claims coming out tomorrow morning. LONG: Fronteer Gold (FRG)

    By |Published On: September 29, 2010|0 min read|

  • Trade Setup Performance Review

    I managed to rebound with my daily stock picks after last week’s sub-par performance. This week there is no real eye-catchers, but the long setups did decently well, and the short setups managed to not get banged around too bad, with two of them finishing in the green.  For the purposes of this exercise, I

    By |Published On: September 28, 2010|1 min read|

  • The Daily Long and Short Setup

    Futures have increased ever so slightly and is looking at a positive open to start the day. Consumer Confidence report at 10am could change the behavior of the market, so be on the lookout for that report.  LONG: Wonder Auto Technology (WATG)  

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

  • The Daily Long and Short Setup

    Futures still are maintaining the slightly positive bias heading into the open. There is more merger activity going on as well, with Air-Tran catching a bid (and helping my Delta (DAL) shares out in the process) and Walmart (WMT) trying to expand operations into South Africa. LONG: International Business Machines (IBM)

    By |Published On: September 27, 2010|0 min read|

  • The Daily Long and Short Setup

    Futures are on the rise, as the bulls are trying to bounce back after three straight days of selling. If you shorted LMT yesterday per the Daily Long and Short Setup, you’ll be happy to know that they were downgraded this morning. LONG:Harvest Natural Resources (HNR)

    By |Published On: September 24, 2010|0 min read|

  • The Daily Long and Short Setup

    Jobless Claims has sent the market down nearly 1% prior to the open. For the bears it is exciting, and if I was short, I’d probably be hoping that this sell-off is the beginning of another significant downturn. But the odds are that this is merely a sell-off from the market being tired from the

    By |Published On: September 23, 2010|1 min read|

  • Trade Setup Performance Review

    For 9/1 through 9/14 (didn’t have any trades for 9/3 through 9/10) on the daily trade setups (each day I give the chart of one long setup and one short setup), the performance wasn’t all that great – mainly due to the  the sideways churning in the market that we saw last week, which helps

    By |Published On: September 22, 2010|1 min read|