• Some weakness in the market this morning – not a real concern at this point. We’ll have to see if the dip-buyers rush in to push back the prices into positive territory. If that happens, you have a handful of stocks below that you can play once they breakout.  Here are 9 Breakout Plays.   

    By |Published On: January 13, 2011|0 min read|
  • Below are seven trade setups that I like going into today, and that I am paying close attention to, for a possible trade entry. Each of the trades below are momentum trades/breakout plays.  Here are the 7 Long Setups I am watching.   

    By |Published On: January 12, 2011|0 min read|
  • I’ve been following Alkermes (ALKS) for almost a month now waiting for it to breakout. Today we finally got that, but the key for this stock is that it manages to close above the 200-day moving average, which has been a beast for it to break above, at $12.68.  Also adding to the ALKS intrigue

    By |Published On: January 11, 2011|1 min read|
  • I went long on CLMT this afternoon at $22.25 with a stop-loss at $21.27. So far so good – it has been an ideal breakout, already up over 1% on strong volume. Somewhere around $24 would be an ideal place for taking profits. But you know me, I tend to take my profits

    By |Published On: January 10, 2011|1 min read|
  • Its looking a little bearish out there to start the week. I wouldn’t say though that the bears have shown me enough conviction to rule out an afternoon rally. Nonetheless, I need to be a good Boy Scout and always be prepared. With that said, I have 9 short setups to take a look at. 

    By |Published On: January 10, 2011|0 min read|
  • Here’s today’s  breakout plays that I am watching today. Of most interest to me is the setup in RF Micro Devices (RFMD). If it hits, it should see a nice strong move upwards. If not….well…that’s what stop-losses are for. There are about 11 others included in the charts below, so be sure to check

    By |Published On: January 7, 2011|0 min read|
  • My one and only trade this morning. Good chance that this is it for my buying today. I am a little bit concerned that the market just can’t see any kind of follow through after Monday’s rally – not to mention gold is down and the dollar is up. Just a lot of things causing

    By |Published On: January 6, 2011|0 min read|
  • I hate to bombard you all with an obscene amount of charts – but I have no choice but to do so. I plan on sitting out the first 30 minutes at least of trading, as I have plenty of positions to work with, and don’t want to add more if this market doesn’t have the

    By |Published On: January 6, 2011|0 min read|
  • Finally jumped in on a trade today – Dean Foods (DF) is a stock that I have been watching for well over a week now. I has shown a lot of support at its current price level, and seems to have some pressure mounting for an upside breakout. And when it does, there is a

    By |Published On: January 5, 2011|0 min read|
  • …Yet I am long at $135.44 after it tested the 50-day moving average and the current trend-line. The risk is minimal at this point – a break below $132.80 and you’ll want to bail out. But I think, especially with the panic we are seeing in it right  now, that it has probably seen the

    By |Published On: January 4, 2011|0 min read|