Some selling that has a lot of similarities in reason to the one we saw back on 1/28. So far the dip buyers have put some capital to work to keep the selling from getting out of hand, but some damage has been done to the intraday trendlines that were [...]
Current Long Positions (stop-losses in parentheses): None Current Short Positions (stop-losses in parentheses): None BIAS: 100% Cash Economic Reports Due Out (Times are EST): S&P Case Shiller HPI (9am), Consumer Confidence (10am), State Street Investor Confidence Index (10am) My Observations and What to Expect: Futures are down dramatically ahead of [...]
Here’s a new type of screen I thought I’d put out there and see how everyone likes it (or not). Basically providing you with the top ten best and ten worst industries, along with the symbols that played a pivotal part in shaping the returns for the overall industry. Hopefully [...]
Here’s the Updated NYSE Reversal Indicator, which is interesting, because in mid-stream we’ve seen a full-out reversal back to the upside, which rarely ever happens. So at this point we are headed for another top-down signal once it hits the upper extremes. Last time this happened we actually did get [...]
Here are some interesting day-trades you can take that I have found interesting JBLU: Nice consolidation after extended sell-off. Looks ready to pop around $6.11 ONNN: Consolidating nicely at the highs – I’d Jump in at $11.88. […]
Current Long Positions (stop-losses in parentheses): DXD (17.99), TGB (5.91) Current Short Positions (stop-losses in parentheses): None BIAS: 7% Long Economic Reports Due Out (Times are EST): Options Expiration My Observations and What to Expect: Futures are flat heading into the open. Asian markets were mixed with losses of 1% [...]
It was a valiant effort, but at the end, the bulls managed to get this old bear to pull the plug on his short positions. Fighting the Fed, headed up by the almighty Bernanke and his endless supply of cash, was just to much to combat. In the end, I [...]
Market is continuing to buy every dip it can get its hands on. With a bad inflation number the market initially sold off, but it didn’t take much time for that dip to get quickly bought up. So below, I’ve given you the charts on the three setups I like [...]
Current Long Positions (stop-losses in parentheses): DXD (17.99), TGB (5.91) Current Short Positions (stop-losses in parentheses): None BIAS: Neutral (counting DXD as a short) Economic Reports Due Out (Times are EST): Jobless Claims (8:30am), Consumer Price Index (8:30am), Leading Indicators (10am), Philadelphia Fed Survey (10am), EIA Natural Gas Report (10:30am), [...]
A rare long position for me these days. But I’ve been watching Taseko Mines (TGB) for a few weeks now, and it has finally reached my desired entry of $6.09, not to mention it was one of my three breakout plays that I posted earlier this morning. Here’s the Chart [...]
This is a new screen that I am rolling out today for identifying potential breakout plays. The frequency for which I will be publishing this screen hasn’t been determined yet, but I wanted to put it out there, and see how it benefits the trading community here at SharePlanner. So [...]
No surprise with the markets today, as the slightest of sell-offs yesterday has resulted in a march to new recovery highs today. Below I’ve put together the three best setups for taking on this market, and being able to profit from it in the short-term. LONG: Taseko Mines (TGB) [...]
