• The Daily Long and Short Setup

    Employment came out and instantaneously futures dropped about 1% and has been there ever since. If the bears are going to make anything of this year, they need to take advantage of today (they’ve become quite known for seeing big drop offs only to finish the day in the green). LONG: Wipro (WIT)

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

  • The Daily Long and Short Setup

    The market has definitely taken a hit after the rise in jobless claims. Still on the fence as to whether I will fade this gap-down or not. When it gets news-driven like it is right now, I get a bit hesitant. I’m leaning towards not playing this gap.  LONG:TICC Capital (TICC)

    By |Published On: August 5, 2010|0 min read|

  • The Daily Long and Short Setup

    Futures have reversed course and are now sitting slightly in the green. I really like the Intel (INTC) chart below, and will likely buy some shares at some point this morning. LONG: Intel (INTC)

    By |Published On: August 4, 2010|0 min read|

  • Trade Setup Performance Review

    This is a new feature that I want to start doing, and that is providing for you each week a review of the previous week’s trading. Since today’s is Tuesday, I will not evaluate the previous 5 trade setups…yet. Instead for this write-up, I will focus only on July 21-27. Each morning I provide daily

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

  • The Daily Long and Short Setup

    Market still continues to trade just under breakeven. The morning’s scheduled economic reports could add some flavor to this otherwise dull market. I’ve provided another long and short setup this morning, but would caution with the short-setup as the market seems determined to push higher and higher regardless of rationale. LONG:Ballantyne Strong (BTN)

    By |Published On: August 3, 2010|0 min read|

  • The Daily Long and Short Setup

    Futures continue to hold their gains with an ever so slight improvement since the posting of the trading plan. I still do not plan on trading this gap whatsoever, and am content to wait out this market today, until there is a legitimate trading opportunity in the form of a light-volume pull back or intraday

    By |Published On: August 2, 2010|0 min read|

  • The Daily Long and Short Setup

    GDP has been released, and the bears are running with the ball. The miss was small 2.4% vs. expected 2.5%, so the huge sell-off was quite surprising. I’d be careful about trying to short anything this morning, as there is a strong possibility we could see a strong bounce at some point in the trading

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

  • The Daily Long and Short Setup

    Jobs # was reported just now, a positive reaction to it so far, but nothing incredible. Actuals came in at 3k less then the consensus – in my book that is basically meeting expectations. LONG: Visa (V)  

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

  • The Daily Long and Short Setup

    Still no clear direction from the markets heading into the open. Makes for a great gap play, albeit a small one at this rate. We’ve got the Consumer Durables report coming out in just a few minutes so that should add some shock-effect to the markets. LONG: Rambus (RMBS)

    By |Published On: July 28, 2010|0 min read|

  • The Daily Long and Short Setup

    Futures continue to rise throughout the morning. No major news really guiding this market. As always, once European markets open, the US tends to piggyback on whatever it is they are doing. As for the trade setups below – GMXR is a classic bounce play and CHS is a short play that is at a

    By |Published On: July 27, 2010|1 min read|