Current Long Positions (stop-losses in parentheses): QID (10.44), TWM (11.75)Â Current Short Positions (stop-losses in parentheses): ZQK (4.81) BIAS: 21% Short (counts QID & TWM as a short) Economic Reports Due Out (Times are EST): MBA Purchase Applications (7am), Challenger Job-Cut Report (7:30am), ADP Employment Report (8:15am), Treasury Refunding Announcement [...]
S&P is back over 1300 (unbelievable the rebound after what we saw on Friday), and the bulls, if it can manage to close above the 1300 mark, could see a further breakout to the upside. With that being said, I’ve compiled a list of stocks that are prime for trading [...]
Current Long Positions (stop-losses in parentheses): QID (10.44) Current Short Positions (stop-losses in parentheses): None BIAS: 7% Short (counts QID as a short) Economic Reports Due Out (Times are EST): ICSC-Goldman Store Sales (7:45am), Redbook (8:55am), ISM Manufacturing Index (10am), Construction Spending (10am) My Observations and What to Expect: Futures [...]
The market left a lot of questions on the minds of traders heading into the new month. Was today a dead-cat bounce? Was Friday’s sell-off a mere overreaction? Will we see another beginning of the month market rally like we saw on 8/1, 9/1, 12/1 and 1/1? Does the best [...]
Friday’s sell-off has the bulls walking on pins and needles right now, even though they  managed to bounce the market back up in a very respectable fashion (as of this post). But there are a lot of folks out there sensing that the bears are looming heavily on this market [...]
Once again, the NYSE Reversal Indicator gave us an excellent alert to the potential problems this market was heading towards. I’ll be the first to admit, that I didn’t play my hand as well as I should have in light of this information; essentially getting taken out of my positions [...]
Current Long Positions (stop-losses in parentheses): SSO (48.97), ZBRA (38.10), Current Short Positions (stop-losses in parentheses): None BIAS: 14% Long Economic Reports Due Out (Times are EST): Personal Income and Outlays (8:30am), Chicago PMI (9:45am), Farm Prices (3pm) My Observations and What to Expect: Futures are moderately higher prior to [...]
This was one of my trades from late yesterday, but still valid today, after having covered all of my short positions. It has an ideal chart pattern with the ascending triangle and is now breaking out above resistance. Stop-loss is tight at $38.10. Here is the chart analysis for ZBRA. [...]
Current Long Positions (stop-losses in parentheses): SSO (48.97), ZBRA (38.10), QID (10.49), SDS (22.29) Current Short Positions (stop-losses in parentheses): EXPD (55.26), DKS (35.79) BIAS: 14% Long Economic Reports Due Out (Times are EST): GDP (8:30am), Employment Cost Index (8:30am), Consumer Sentiment (9:55am) My Observations and What to Expect: Futures are slightly [...]
The S&P refuses to break through and stay above the 1300 level – it is making for some great drama. And now you are seeing the smallest hint of selling (which probably has the bears spraying the champagne everywhere). Throughout history there have been some pretty significant sell-off that occurred [...]
Current Long Positions (stop-losses in parentheses): QID (10.49), SDS (22.29) Current Short Positions (stop-losses in parentheses): EXPD (55.26), DKS (35.79) BIAS: 21% Short (counting QID and SDS as shorts) Economic Reports Due Out (Times are EST): Durable Goods Orders (8:30am), Jobless Claims (8:30am), Pending Home Sales Index (10am), EIA Natural Gas [...]
Here are tomorrow’s long and short setups. LONG: Prologis Trust (PLD)  […]
