Trade Setups

I jumped into Power-One (PWER) this morning at $5.05. I’ve placed my stop-loss at $4.84 as you can see on the chart below. This is one of those high-beta stocks and so there is some additional risk involved to holding these kinds of plays overnight as I plan to do. I’ve watched this particular

I was patient this morning, maybe a little too patient, because while the market gapped down at the open, and started trickling higher thereafter, I refused to go short anything until we filled the gap. I kinda, sorta thought we’d see the market head back lower after that, but what I didn’t expect was the

I’ve been watching Sonic (SONC) and I’ve gotta say, there are few short setups that I like better than this one – that descending triangle that has formed is picture perfect, and I’m taking it short at $9.74. The Power-One (PWER) trade also looks inviting from a momentum stand-point, but right now, i’m more interested

Very choppy day today and I don’t expect to see much different as we head into the FOMC Statement tomorrow. For now, here are two great long and short setups that provide ideal risk/reward opportunities.  The AMZN chart looks stellar to the upside as it pulls back to its previous breakout level, and a breakdown

Now I’ve got 3 longs and 3 shorts. While that may change before the close of the day, depending on what the market does, I’m currently at a point where I’m comfortable with the balance in the portfolio.  I went short on BRO just now, and the setup looks terrific on both the 5min chart

I know I typically do a long & short setup but today, I’m feeling a little more bearish than usual, and so I focused my efforts on finding some short setups. Over the weekend the SharePlanner Reversal Indicator also went bearish, which has weighed heavily on my thinking as well.  We also saw the market

Pretty good day so far – I went ahead and covered my short position in Meadwestvaco (MWV) at $28.72 from $28.50 for a 0.8% loss. That’s okay though, because I have long positions in HES, MDT, and now in Weight Watchers (WTW). I jumped in at $51.10, and have largely benefited off of the

Nothing better than waking up to the news that the stock you swing-traded just a few days ago (and did hold overnight mind you) was bought out by Apple (AAPL) at a 60% premium from your entry price. And here I was satisfied with the 3% gain that it yielded. It happens. No sense in

I guess this guy showed up in his chiseled-out body to give the GNC earnings report this morning, because after the initial spike higher, this thing has dropped hard and fast.  And what we have now ais a trend-line off of last years October’s lows, now cracking and looking to move lower, with a huge

I’ve been somewhat hesitant to pull the trigger on anything, particularly long, once I saw the S&P give  up those early morning gains like it was nothing. But not only that, but the fact that since doing so, we just continue to drift lower with small bounces in between.  In fact, I used the latest