Trade Setups for a Never Die Market

This market knows no bounds. There is a million reasons why this market should be much, much lower, but the central banks don’t want that, and until they take their foot off the gas pedal, I don’t expect much to change. At least not ahead of the US election in November. 

The world clearly doesn’t like Donald Trump, at least the establishment doesn’t. He is a threat to the existing power structure and status quo, so the notion that the Federal Reserve would tank this market by raising interest rates just a few months out is completely ludicrous. 

Inflation could rise to 1,000% and they will still say they are watching economic developments. Bank on it!

As a result, here are the bullish setups I am following this week. I’ve already added one of them this morning, and could add another one this afternoon if this market would quick muddling around. 

…And a quick side note about the list below. Once a stock has made its move, I take it off of the watch-list. This isn’t a “look at all my great calls list”; this is about identifying potential long setups that have more upside. If a stock, like Rackspace (RAX) from last week, makes a big move and there isn’t a good trade setup any more for keeping it around, I am going to remove it from the list. It is about where the stock is going not where it has been.