Watch Lists, Long Setups, Short Setups, Bounce Plays, Pullbacks & Morning Commentary

Short Setup Watch-List While Oil Tanks

2020-04-21T13:00:00-04:00April 21, 2020|

Oil Is Setting the Market on Fire! The S&P 500 is seeing some of its heaviest selling in weeks. The 11:30 eastern turn came and went with no pop at all. But don’t discount the bulls just yet. They have spent years figuring out new ways on how to rally [...]

Bullish Watch-List For Perpetual Risk-on Appetite

2020-04-20T12:40:00-04:00April 20, 2020|

Another day, another rally, what else could you possibly expect.  Okay, maybe I am jumping the gun here a little bit, because the S&P 500 and Dow are in the red, but who cares, because with the Nasdaq trading higher right now, and the Russell 2000 extending its rally from [...]

Updated Short Setups for a Dead Cat Bounce

2020-04-13T15:00:00-04:00April 13, 2020|

No volume = No Sell-off The volume is the biggest issue for the market right now. It isn’t because there is this incredible euphoria taking place with the bulls and that as a result is just overwhelming the sellers, instead it is because there is no volume at all, and [...]

Updated Long Watch-List for the Current Market Rally

2020-04-13T12:00:00-04:00April 13, 2020|

Market rally is impressive, but are we really dead set on a market bottom?   Goldman Sachs (GS) is out there telling you that the bottom is in, so is Morgan Stanley (MS).  But should they be trusted? Could there be ulterior motives at play there? I’m just not buying this [...]

Current Long Watch-List for the BTFD Crowd

2020-04-07T15:10:00-04:00April 7, 2020|

I haven’t bought into this rally at all.   First of all, it is a crazy thing to go chasing these massive gaps higher. “Buy hundred point gaps higher”…Sure – no problem!  I’ll pass.  Now you have a potential pain trade, because a lot of shorts have probably been squeezed out [...]

My Short Watch-List: For The Dead Cat Bounce

2020-03-31T15:00:00-04:00March 31, 2020|

Despite horrible economic news, the market has held its recent gains.  If you wondered what it looks like to climb the “Wall of Worry”, the stock market is doing exactly that right now, and doing an amazing job of it too.  Because the world is staying home to fight a [...]

Current Long Watch-List Should the Rally Last

2020-03-30T13:40:00-04:00March 30, 2020|

A lot of people think a bottom is in, I’m doubtful of that.  I don’t trust this rally one bit and what is interesting is how closely it follows the narrative from October 2018. If that happens, we will ultimately chop around for some time, before eventually seeing the ultimate [...]

The Trading Block: April 1st

2020-03-27T16:00:00-04:00March 27, 2020|

New Trade Setups Added Long: ProShares Short S&P 500 ETF (SH) (sent intraday) Ideal Entry: 27.58 Stop-loss Option: 27.01 Target: 33.19 Risk Rating: 5.0 Long: ProShares Short QQQ ETF (PSQ) (sent intraday) Ideal Entry: 25.40 Stop-loss Option: 24.75 Target: 29.20 Risk Rating: 5.0 Trade Setups Triggered: Long Setups: PSQ, SH, ADBE Short Setups: None Setups Waiting [...]

Swing-Trading Outlook #619

2020-03-23T17:00:00-04:00March 23, 2020|

Swing Trading Strategy: The Fed just can’t seem to help matters… Yesterday’s Swing-Trading Outlook, I mentioned about the Fed’s actions that “It may help the stock market today, but my biggest concern is how we’ve seen some pretty bold moves made by the Fed of late, and the price bump [...]

My Short Watch-List: But Not Until They Rally First

2020-03-17T15:50:00-04:00March 17, 2020|

Today was hardly a rally – yes, it will look good on the nightly news but lacked serious conviction relative to what has been seen of late.  I’m not trusting this rally at all and did not participate in it one bit today. People will chase after it today and [...]

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