Trade Setups

It goes without saying that the bears are not fairing to well in this market and understandably so.  Below you will find my complete list of bearish trade setups and the ones that appeal to me most. While compiling this list, I was trying to think today – how can one really have an edge

International Paper (IP) has had some positive news come out today where intraday it caused the stock price to spike suddenly.  But the magic isn’t in the intraday action but rather in the potential breakout on the daily chart that has my attention for the past few days.  Currently it is finding solid support off

The market isn’t going much of anywhere so far today, but the uptrend remains well in tact.  So far today, SPX is holding the 5-day moving average which leaves little reason to doubt that the market won’t continue its current rally that it has been on of late.  Below I have provided the current

The market has been on a strong run through February and doesn’t seem to be looking to stop now or anytime soon. But how many times have we seen a market that looks unstoppable suddenly…well… stop. We saw that occur in December and carry through into January. So while the market looks like it is

It suddenly feels like 2013 again.  However, we still have to be careful with this market as there is still plenty of headline risk involved – particularly with the Fed, Greece, and the fluctuation in the price of oil. Nonetheless, I’d be steering far from adding short positions at this point, and focusing solely on the list

The bears are left in the rear-view mirror this morning. After giving up 2064 to the bulls today, the market is now breaking out of resistance, and the focus should now turn to my bullish trade setups.  So  unless something miraculous happens on the bear’s behalf, you should only be keeping this list handy for

Bulls have managed to come off of the lows of the day and put up a good fight, but until they can break and close above 2064, any move is hard to put much confidence in.  There are tons of really good setups unfolding in the list below, but until that aforementioned move above resistance

While the past two days have been extremely unkind for the bears, they are by no means irrelevant or out of the picture.  It remains to be seen whether this is just a dead cat bounce or a push out of the two months of consolidation the market has found itself in. If it is the

The bulls are flirting with disaster here today if it can’t pull itself together.  It has already managed to drop below the rising support level off of the December lows as well as drop below the price lows from January with a strong bounce thereafter, but now we are starting to see this afternoon, the

Pre-market update: Asian markets traded 0.4% lower. European markets are trading 0.1% lower. US futures are trading 0.2% higher ahead of the market open.  Economic reports due out (all times are eastern): Personal Income and Outlays (8:30), PMI Manufacturing Index (9:45), ISM Manufacturing Index (10), Construction Spending (10) Technical Outlook (SPX): Wild market day on