Trade Setups

Rough day for the bulls (understatement) and so far it has managed to bounce off of those early morning lows and forming sort of a cup and handle pattern on the 5min SPX chart.  So, let’s tally it up for me on the day: I was knocked out of Agrium (AGU) at $93.7 for

Pre-market update (updated 8:30am eastern): European markets are trading -2.1% lower..  Asian markets traded in excess of -2.3% lower.  US futures are trading -1.5% lower ahead of the market open.  Economic reports due out (all times are eastern): Chicago Fed National Activity Index (8:30am) Technical Outlook (SPX): SPX had a significant sell-off on Friday,

Typically when a stock goes up after I get stopped out for a loss, or a small gain, I’m not one to care or give it much though. It happens, and will always happen. But geesh, sometimes it’s just hard to ignore. Take Mellanox Technologies (MLNX) for example. I bought into this stock after it

One new trade so far for me today – six longs that I’m holding in my portfolio at this point. However, we are getting some resistance off of the descending trend-line from 4/3 that is cuasing me a bit of concern. I figure this though, if we can push and close above 1374, I’ll be

Thanks to the discovery by @thetradingwife, I ended up taking a long position in Priceline (PCLN) and now I’m forever cursed the rest of the day with the “Price.Line.Neg-o-ti-a-tor!” theme song.  The two things about this trade that interests me most is the breakout of the 3-day consolidation pattern of late, and the solid amount

I honestly should have checked the earnings calendar before buying this stock, but they don’t report until after the bell on Wednesday, and since this is a high beta-stock, I’d expect it to move before then. But no way, will I hold through earnings.  Nonetheless, I like how it is trying to bounce off of

Understanding the first hour of trading in the stock market Once the market opens each day, it can be rather difficult to surmise which direction it will go by the end of the day. For some it seems like a a random walk in the park. But for me, as a trader, there have been

Right before I went long on Krispy Kreme Doughnuts, I happened to see the “Hot Doughnuts Now!” sign lit up like Christmas. Secondly, my appetite was begging for doughnuts, and lastly, the market always give good trades on one’s birthday. Need I say more…? In fact I do – I need to order me one

Moments before this post I jumped in Cobalt International Energy (CIE) at $24.22. One of the plays in this current market that has done exceedingly well for me have been the breakouts from support, and then waiting for a few days to even a week perhaps for it to pull back to that original breakout/support

I posted the chart earlier in our chat-room real-time as I took the trade, and mentioned it in the 7 Stocks Flying Under The Radar post from this morning as well before taking this trade, but I have to say, that Tutor Perini (TPC) is looking like a stud so far. I have no clue as