• The Daily Long and Short Setup

    Market is showing some signs of weakness, and so far today has managed to maintain it with out any significant rally. If we see further selling today, I’ll probably look to pick up a long position. BRKR (shown below) is very intriguing. LONG: Bruker Corp. (BRKR)  

    By |Published On: September 22, 2010|0 min read|

  • The Daily Long and Short Setup

    S&P still looking at opening about five points higher heading into the open. We have the Housing Market Index report at 10am that could, no doubt, change things up some. LONG: NetLogic Microsystems (NETL)  

    By |Published On: September 20, 2010|0 min read|

  • The Daily Long and Short Setup

    Futures have taken a hit since the trading plan was posted, which keeps the bears in the game (for now). Consumer sentiment was released just a little while ago, and it was in-line with expectations. Some rumors about Ireland defaulting has caused European markets to take a hit, which resulted in US futures doing the

    By |Published On: September 17, 2010|0 min read|

  • The Daily Long and Short Setup

    Jobs number is out, and the market reaction has been surprisingly muted to the Bear’s advantage. We are poised to open this morning lower. Bears can’t let this opportunity get away from them.  LONG: Callaway Golf (ELY) SHORT: Synnex Corp. (SNX)

    By |Published On: September 16, 2010|0 min read|

  • The Daily Long and Short Setup

    Futures have continued to show signs of weakness this morning. The Empire State Manufacturing survey came in at a reading of 4.14 versus expectations of 5 – so a miss there. First decent amount of selling in quite some time, so it’ll be interesting to see how this days plays out. LONG: China Unicom (CHU)

    By |Published On: September 15, 2010|0 min read|

  • Trade Setup Performance Review

    After a couple of weeks of basically break-even returns, I saw my daily setups do quite well for 8/25 through 8/31. Surprisingly two of the four short setups were profitable while the other two got stopped out. However, the four long setups saw two of the picks with gains in excess of 13%. Only one

    By |Published On: September 14, 2010|1 min read|

  • The Daily Long and Short Setup

    Futures still remain slightly negative, and the retail sales report didn’t see any significant changes to the market as a whole despite the report beating expectations.  LONG: Allegheny Energy (AYE) SHORT: AllianceBernstein Holdings (AB)

    By |Published On: September 14, 2010|0 min read|

  • The Daily Long and Short Setup

    Futures remain pretty strong with gains of about 1% heading into the open. The gap seems a bit fishy to me, but with this market, I don’t put nothing past the bulls to rip off another big-gainer today. Be watchful of the 200-day moving average and whether the market can close above it. LONG: CONMED

    By |Published On: September 13, 2010|0 min read|

  • The Daily Long and Short Setup

    The jobless claims report was nothing more than a snoozer - there was very little price move, if any - mainly because it was in-line with expectations. The big one is tomorrow, of course, when Employment comes out. I would expect a major move in one direction or the other, as a result. LONG: Textainer

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

  • The Daily Long and Short Setup

    Futures are still holding their gains, despite an ADP Employment Report that showed payrolls fall by 10,000, compared to last month’s gains of 42,000. Initially there was a three-point sell-off in the S&P futures, and then within 10 minutes the futures were higher than where it was prior to the ADP report. LONG: Autonation (AN)

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