Trade Setups

Despite the selling early on this morning in Starbucks (SBUX) it has managed to recover quite nicely. However, I don’t think today is the day you want to trade it or even buy it and see what it does next week. Instead I think you need to wait for this triangle pattern that it is

Definitely not the day to be adding shorts, but don’t discount the notion that it could be a prime opportunity once this bounce the market is seeing from yesterday afternoon and today finally peaks. Below are the short setups that I currently liek the best of all the trades. I’ve weeded a lot of the

I’m not sure what you have to do to goose this market, better yet, what does it take to light a fire under oil (actually don’t do that, that never ends well…literally!). But that is what we are dealt with in this current market environment. China gave us the headlines indicating they wouldn’t allow their

Alright folks – here’s the list of bearish trade setups that I am following. The market is in the process of trying to recapture its lost gains from this morning. And the three stocks that I came into today with, sold out of for profits, have all been bought back again. So yup, it has

Each morning before the market opens up, I go through every position that I have in my portfolio and I review the stop-loss, and what would have to happen for me to book my gains in a trade today, or to cut my losses, prior to my stop-loss being reached.  So I write out everything

It is really, really bad out there! There is no mistaking that. For much of the year, I have stayed 100% cash overnight except for Friday evening when I held Apple (AAPL) overnight. So far that has proved to be the right call as it remains green in a sea of red. As we have

This trading channel on the iShares Nasdaq Biotechnology Index ETF (IBB) (wow, that was a mouthful!) has a channel with parallel support and resistance that it is currently trading in. Oh, its down a whopping 4% today, but there may be a silver lining here to the long-side. 

Technical Outlook: Yesterday marked another massive sell-off in the indices with SPX dropping 2.4% down to 1943 (a 47 point drop).  There is really no support in between the current SPX price and the September lows. That doesn’t mean it falls straight down, but does mean there is a much better chance of ultimately testing

It isn’t that I’m afraid to short stocks. Far from it. I’ve made a career off of shorting stocks. In fact my short setups last year, on the whole performed better than my long setups. I’ve got no problem shorting stocks, but I do have a  problem when it comes to not having the ability

I have found the pullback in Apple (AAPL) utterly fascinating, I mean, how many companies can actually say that as the stock has pulled back roughly 26% from its recent all time highs made in 2015, that it has lost well over $150 billion in market cap?  Nonetheless, AAPL is sitting on a rising trendline