Watch-Lists

The five trade setups that I posted from 8/18-24, did have a positive edge to it this week. I avoided two trade setups to the long side, when it became painfully obvious that the market wasn’t going to be very cooperative with the bulls. The best trade you could have gotten into was KITD. The

Futures have recovered off of their lows, and look to open only slightly lower at this point. Case-Shiller report came received a positive response, but that could all be muted by what Consumer Confidence has to say at 10am. Finding long-setups these days is quite difficult, because frankly, there aren’t any out there. Almost every

Market is literally break-even right now heading into the open. Personal Income and Outlays just came out with its affect on the market being overlooked and basically ignored. After Friday’s gains, the bulls would no doubt like to see some follow through, but considering the amount of selling the futures has seen since last night’s

GDP report came out and it beat expectations. The reaction has been positive, but there is still some caution out there, as Bernanke is scheduled to speak later in the morning at 10am. I’ve provided another set of long and short setups, but you’ll want to be patient with these entries, especially considering the market

After the Durable Goods report came out that was absolutely horrible (0.3% actual vs. 2.5 expected!), futures have seen another move down, with the S&P almost taking out the critical 1040 level. So the Head and Shoulders pattern support level is definitely in play for today. If the New Home Sales report comes out below

The five trade setups that I posted from 8/11-17, had barely a positive edge to it. The biggest winners for the trades recommended was shorting GILD, and going long on CDNS. The worst of the bunch was FLO, which was just a product of bad timing. Not every week, will I be profitable at this,

Futures are still down hard and heavy. The 1056 level will be today’s key level, and you can expect the S&P to open up right around that level there. So if the bulls are going to avoid getting killed today, they’ll need to start buying right at the market open. As for today’s picks…I’ve stayed

Futures still remain up this morning, though they have come off of their highs a bit. I am likely to sell my position in QQQQ early this morning and take the profits. As for the daily setups, I come to you with a long and short setup. Though, there is a lot of short setups

Futures have dipped below the Monday lows of 1066 on the S&P already, and with options expiration day, who knows what we might see today. I am kicking myself a bit for the big hedge position I held overnight – it’ll definitely cost me some gains, no doubt about it.  I’ve refrained from giving a

The market didn’t like the jobs report one bit and erased all of the mornings early gains with all the major indices currently trading in the red. Whether the ‘dip-buyers’ jump in and hold this market up, or the bears use the bad jobs number to push the market lower, remains to be seen. LONG: