Watch-Lists

This bounce we’re getting isn’t at all unexpected – we were very oversold in the short-term. The question is how long can it can go on for and how long can it sustain itself. I thought with yesterday’s decline into the close, that we’d see more of the same possibly today, and instead, despite a

Horrific day for the bulls – the worst they’ve seen this year. I actually thought we’d see the market bounce today and that the bear’s resolve for a fifth straight day in the red was not in the cards. I managed to close out a few trades today including a long position that gapped up

LONG: Suncoke Energy (SXC) - Nice consolidation recent days - recovered from the early morning weakness. Look to get long at $14.86. LONG: Shire Pharma Grp (SHPGY) - Upward rising channel which finds itself testing the lower end. I took a position in this one at $96.41. Looking for a bounce from here. My Stop-loss

LONG: Dryships (DRYS) – Ideal triangle/continuation pattern. I’d buy on the breakout of $3.56, and keep the stop-loss somwhere below $3.30 if you can.   

Typically I give a few short trades, but with the market bouncing yesterday, and what that has indicated in the past, I figure we will probably see further upside before we see a significant pullback. If that doesn’t happen, and we start giving up the gains today or tomorrow that we made yesterday (i.e. fill

Looking at my short scans, and yes they can seem quite futile in these types of markets, two industries with the most well defined bearish patterns and that are appearing the most often are the energy stocks and utilities. I’ve included four charts below of short setups that you can take if this market does

You have Apple (AAPL) finally giving out a dividend, and the market is rather muted today. Most of the charts I’m looking at, I’d say 2/3’s of them are completely parabolic. When you have that, it makes it very hard to find any descent setups, either long or short. Nonetheless, I still found some

While it would be easy to focus solely on long-only setups, the fact of the matter is, this market is getting overheated faster than a Chevy Volt. That doesn’t mean it won’t continue to run higher, but it does mean you want to start paying closer attention to the likelihood of this market running much

So far the market is holding its gains from yesterday quite well. We might be slightly in the red, but there isn’t a sense of profit taking from the masses. In terms of news that could shake a market at its core, soaring oil prices, four more fringe European countries about to follow Greece’s default

Potential bounce heading into the open. Below I have five trades to take advantage of it should the early morning strength hold.