Trade Setups, Trading Rules, Short Setups, Long Setups, Day Trades, Swing Trades, Nasdaq charts, S&P charts, technical analysis, fundamental analysis, weekly recaps, exchange traded funds, etf’s

Good Trades Versus Profitable Trades

2016-07-12T14:54:34-04:00July 12, 2016|

Trading is one of the hardest endeavors you can ever undertake. It taxes your emotions, plays games with your mind, and can really bring out traits in your personality that you didn’t realize existed.  I’ve experienced the good, the bad,an the ugly over the course of my 20 years of [...]

Don’t Chase Price

2016-07-05T14:59:35-04:00July 5, 2016|

Today is a perfect reason why you don’t chase price when the market starts running hard and fast without you.  Here is what happened to price chasers over the last seven trading sessions: Friday, June 24th: (First day after the Brexit): Must short the market. Everything is crashing.  Monday, June [...]

Remaining Profit-Stable in an Unstable Market

2016-07-01T15:23:05-04:00July 1, 2016|

Safe to say that everyone is thrilled that it is a 3-day holiday weekend on Wall Street. Count me in that group as well. Following the massive sell-off on Friday and again on Monday, and then the face-ripping rally that followed through the close today, we have all seen our [...]

You Don’t Lose Money!

2016-06-28T15:05:41-04:00June 28, 2016|

I have a lot of concerns when it comes to implementing Warren Buffett’s approach to the stock market. I think the buy and hold approach is outdated and highly risky. Today’s market requires that you actively manage and trade your portfolio and not allow naivete or passive investing hamper your [...]

The Top in Gold

2016-06-21T15:43:16-04:00June 21, 2016|

Gold and precious metals in general have been a darling of the market so far this year, and I’m sure by writing this post, I’ll get some angry tweets, and messages as a result.  But hey, I am here to read and follow the charts, not make people feel good [...]

Being In A Position To Profit

2016-06-16T14:59:45-04:00June 16, 2016|

So much of trading is learning to position yourself for profit; and to position yourself for profit means to protect your existing capital.  That means when you buy a stock, you have to look at the bigger picture – you can’t go about it blindly without taking into consideration the [...]

The Painful LinkedIn Reality

2016-06-15T13:31:44-04:00June 15, 2016|

It has taken me a couple of days to getting around to writing about the LinkedIn (LNKD) buyout by Microsoft (MSFT) mainly because this whole deal was a grave irritation to me.  Let me start off first by saying that I was long LNKD on Friday - Yes, Friday. I [...]

Mounting Concerns for Oil

2016-06-09T14:11:05-04:00June 9, 2016|

The look and feel to oil is starting to become problematic.  Listen, I won’t touch this thing as a short setup. I just won’t. I’ve tried a few times a long the way, when things started to get queasy with the rally, and each time, the outcome wasn’t so hot.  [...]

Where is Biotech Going From Here?

2016-06-07T14:49:26-04:00June 7, 2016|

Valeant Pharmaceuticals (VRX) is down 14%, Biogen (BIIB) is down 12.3%. I guess it goes without saying that Bill Ackman is having another lousy day. The weakness in biotech is keeping the Nasdaq from experiencing a rally of any sorts today, despite the Dow, SPX, Rut all on solid ground.  [...]

What Are You Going To Do Next?

2016-06-03T14:10:26-04:00June 3, 2016|

You get these kinds of trading days during the course of a trading year, that the price action runs instantaneously against all the price action of late. Today was just that. SPX was acting like it wanted to break higher by closing over resistance and 2100, but with SPX well [...]

Boeing Spiraling Downward

2016-05-31T14:41:55-04:00May 31, 2016|

I wouldn’t go as far to day that it is a head and shoulders pattern on Boeing (BA) because if it is, that left shoulder is pretty dilapidated, not to mention the right shoulder as well. But there is a clear line of support between $125.00 and $125.80 that if [...]

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