Trade Setups

It’s not very often that I focus in on the ETF’s as a trade but the action we are seeing in the Q’s (QQQ) is undeniably attractive to the eye.  You have a textbook head and shoulders pattern followed by a break down and then rise that takes price right back into resistance.  If

This trade comes straight off of yesterday’s daily long and short setup, which highlighted this trade. I recommended getting short between $6.01 and $6.10. In my case, I got in at $6.06. So far so good with this trade.  Though it does come with its own risks – it is a low dollar, small-cap stock,

I finally took a trade today. There were about six stocks that I was looking at getting short on. They were ETFC, EXPE, OHI, TTI, INVN, and of course the one I just got short in and that is Ball Corp (BLL) at $42.32.  The huge appeal to shorting this stock is that I

I jumped into Illumina (ILMN) this morning after posting a chart this morning showing the potential for either a breakout/breakdown in the stock. I wasn’t sure which way it would play out because price action up until this morning’s open had been nicely contained with the ‘box’.  Within the first 30 minutes of trading, ILMN

Today’s long and short setups involve two setups that have extreme appeal to them, and offer incredible entry-opportunities.  The first is Liberty Media (LMCA), which for years now has been a great upward trending stock. But if you’ll notice, it tested that trend-line to day on an insane amount of volume, formed a hammer, and

My first trade of the day takes place in W.W. Grainger (GWW) at $210-flat. I’ve been watching this stock for a few weeks now for a swing-trade, and recent weakness finally gives me my entry on this stock.  I missed the initial breakout in the stock, but instead of chasing it, which  usually never leads

So far, we haven’t seen the bulls invigorate themselves enough to buy this gap down, as has often been the case of late. Nonetheless, the bears seem to misplace their negative feelings for this market by never really capitalizing on the opportunities Mr. Market is trying to give it.  With us still trading in an

First position I’ve taken so far this morning and I couldn’t help myself. Apple (AAPL) has been getting hammered lately, but I’m finding good reason to get long on it this morning at $637.69.  1. You have a huge sell-off that seems to happen once a quarter. Each time this has resulted in an

One trade so far today for me, and it’s another day-trade, this time in James River Coal Company (JRCC). It’s a low-dollar stock, but with the Mitt Romney’s comments in Wednesday’s debate about the coal industry, pushed the stock 11% higher yesterday.  Technically the move broke the bull-flag we were seeing the stock trade in,

I have to say, I don’t feel like I’m trading with much conviction today. I got into Antares Pharma (ATRS) hoping to benefit from a bounce at $4.00 and while I got a bounce, it just seemed rather ordinary and not anything really meaningful. So I got out at $4.03 for a 0.75% gain.  Now