• The Daily Long and Short Setup

    Heading into the close, the market is setting up for a potential test of the November highs at 1227. Not sure if it will happen today or not, but tomorrow will definitely be a showdown.  LONG: Apogee Enterprises (APOG)  

    By |Published On: December 6, 2010|0 min read|

  • The Daily Long and Short Setup

    Market has managed, quite well, to keep a bad employment number, which jumped from 9.6% all the way up to 9.8%, from driving the markets lower. In fact the action that we saw today is actually a good testament to the health of the market. While I think we may see some profit taking in

    By |Published On: December 3, 2010|1 min read|

  • The Daily Long and Short Setup

    Big day in the markets, we closed above 1200 with decisiveness. It is eerily similar to the 9/1 rally that we saw 3 months ago that was a catalyst for two-plus months of gains in the broader market.  LONG: Petrohawk Energy (HK)  

    By |Published On: December 1, 2010|0 min read|

  • The Daily Long and Short Setup

    Market was another disappointment for the bears today, as the bulls managed to rally off of its lows, and it wasn’t until the end that we finally saw some selling creep back in. We finish the day with a spinning top, unable to breakout in either direction. The all important 1173 level was test again

    By |Published On: November 30, 2010|0 min read|

  • The Daily Long and Short Setup

    The market is rallying hard, and is aiming to close in the green. Unbelievable when you think where we were at this morning. It definitely makes the charts much more difficult to read in terms of gauging direction for the broader markets. Nonetheless, 1173 held on on the S&P, and price remains stuck within the

    By |Published On: November 29, 2010|0 min read|

  • The Daily Long and Short Setup

    I got into both of these positions at the close Wednesday – with GLAD (short) at $11.19 and PH (Long) at $82.25.  LONG: Parker Hannifin (PH)  

    By |Published On: November 24, 2010|0 min read|

  • Trade Setup Performance Review

    Some gains were to be made this past week with the daily long and short setups that I provided, but there was no clear breakout play that we typically see, yielding in excess of +10% in gains, except for TIE. On the short side there were profits to be made for every setup, while on

    By |Published On: November 24, 2010|1 min read|

  • Daily Long and Short Setup

    Futures continue to improve off of a healthy batch of economic reports, and primarily from a jobs report that showed new claims drop to 407k, which just below past expectations. Be careful on days like today though, as volume levels will be probably at or near its lowest levels of the year . LONG: Equity

    By |Published On: November 24, 2010|0 min read|

  • Daily Long and Short Setup

    Market continues to trend lower. There have been some patches of buying along the way, but so far, the bias continues to point down. Currently, we are trading below the 1183 level on the S&P which I believe adds to the possibility that this market may have further to go down.I’ve jumped in both of

    By |Published On: November 23, 2010|0 min read|

  • The Daily Long and Short Setup

    The market continues to trade in the red, but doing anything it can in early morning trading to close the gap. Once again, the battle for 1200 on the S&P is what today boils down to.  LONG: Ralcorp Holdings (RAH)  

    By |Published On: November 22, 2010|0 min read|