Trade Setups

The bulls have been completely out of it today, and the charts are showing it. The long setups have been decimated over the past few trading sessions and there are slim pickings at the moment. That can all change if we can get the bulls to recover some of today’s losses or put together a

Heading into today, stocks looked like they were on the cusp of a significant sell-off.  But after some rumors circulating about what the Fed will be doing going forward in regards to interest rates, well, the market is back above 2000 and looking to make another push towards all-time highs.  With the FOMC Statement coming

The bulls are not on their best behavior these days.  Much of it is to do with digesting recent gains during August, which is why we haven’t seen the kind of selling that was experienced on July 31st of this year.  Nonetheless, it doesn’t hurt to have a combination of long and short positions in

The market is bending but it hasn’t yet broken And that’s the reason why I am so reluctant to get short until we violate some key support levels.  Right now I consider 1990 to be the closest support level to be watching here. If that is broken and we close below that level, I’ll be

On Friday, the market demonstrated that it still had signs of life.  Today the market doesn’t seem as certain, but nonetheless, it is still staying right near the new closing highs established last week.  I’m cognizant of the fact that SPX has rallied over 100 points since establishing last August’s lows. I’m also aware

Apple (AAPL) is pulling back hard today and with it is trying to take the Nasdaq down as well.  But the market has not reached a point where it is time to flip to the short side. You have to wait for price to confirm the sentiment no matter how strong that sentiment

I’m a little later than usual in getting the bullish trade setups for the week out, but nonetheless, I present it before you.  Essentially, there is some cause for concern about how much higher this market can ramp up without at least a small pullback of some kind.  However, until that happens, trying to guess

The list of bearish trade setups have diminished again some this week as a result of a massive bull rally for most of August.  While I am still a bit uncertain of this market at these levels and how much more it can really rally, experience has taught me to always expect the unexpected from

Stocks keep pouring on the gains and my list of bullish long setups have been a huge help to traders.  At this point stocks have rallied in short order from 1904 to 2001 –  a total of 97 points in just a few weeks – that is huge! The bears have tapped out.  While the

Not the market you want to really be shorting right now.  The window of opportunity for the bears to short this market lower passed, when SPX moved out of the 1950’s yesterday. Now it has to be presumed that this market bounce is much more than just a simple dead cat bounce, but