I went through a number of my scans this morning looking for some stocks that are setting up for a nice leg down, once we get that fresh wave of selling that would seem to be right around the corner. Assuming that to be the case, and since Vray already published some long setups to
Today was nasty for the bulls…for the bears is was a thing of beauty. I don’t expect next week will be any better either. As a result, you’ll want to make sure you are locked and loaded for the next wave of selling that will likely hit us as early as Monday morning. And I have
Assuming the strength we are seeing in the market this morning can hold, here are 7 trade setups to add to your watch-list today. Should this market continue to march higher today, the trade setups shown below should benefit from the rally quite a bit. But as always, and even more so with the
Today has been anything but boring as we have seen the market deal with two huge pieces of news in GDP and Bernanke's Jackson Hole Speech, and traders and investors have been taken on a wild, roller-coaster ride as a result. Surprisingly, the market is rallying on Bernanke's no-news event (or is it?) and trading
Netflix (NFLX) has been in a consistent downturn ever since it peaked at $304/share on news of it increasing its monthly subscription fees by 60%. Since then it has been beating its head against, a nasty downward trend-line off of those highs. But now it seems to have found some comfort at the 200-day moving
Google (GOOG) has made some big news of late with its acquisition of Motorola Mobility (MMI) which I think overpaid for this company, and took a hit to its stock price as a result. But GOOG has probably one of the most interesting charts out there, with a clear support/resistance level shown right through the middle
Wild couple of weeks, and when price seems to be dropping day-after-day-after-day with no bounces in sight, it can be very difficult on both the long and short end of things to find ideal plays. On the long-side, you don't want to be trying to catch the falling knife, while on the other hand, you
Here’s a list of stocks, that should the U.S. get downgraded, or the market just continues to slide downward due to the lack of a compromise between the two parties, should take it hard on the chin. Each of these stocks are just breaking below critical support levels, from head and shoudlers patterns, to major
Good move so far in the market today. Bulls trying to re-claim the 10-day moving average, and if it can retake that support level, we could see additional follow-through from the market for the rest of this week.
Half of the trading day is already gone, but here are the setups that I like the most heading in the afternoon of trading. All seven plays are very strong, but on two of them, you will want to make sure volume picks up with the breakout. I actually got in BWS already this morning.