Trade Setups

It seems Warren Buffett is making waves again. News recently broke that Berkshire Hathaway took a significant $4.9 billion stake in Alphabet (GOOGL). As you would expect, the stock rallied hard on the news. When the Oracle of Omaha makes a move, people pay attention. But should you follow him into this trade? I have

Tesla (TSLA) has been a battleground stock for what feels like forever, but since September, it’s been stuck in a choppy, sideways pattern. For traders like me, this kind of price action is a clear signal to pay close attention for a potential trend reversal as distribution played out over a two-plus month period.

The Bitcoin ETF (IBIT), has had a tremendous run since its inception, but lately, it has started to show some signs of weakness. After hitting a high of $71.82, the stock has pulled back and is now trading around the $57/share mark. This pullback is significant, and it’s happening at a critical technical juncture that

When a major stock like Oracle (ORCL) pulls back 31% from its all-time highs, traders take notice. For many, a significant drop like this spells trouble. But for the disciplined trader, it can signal a prime opportunity. The key is to understand where the stock might find its footing, and right now, Oracle is testing

Using Top-Down Analysis for JNJ Trade Setup When we look at the stock market, it is easy to get lost in the noise of individual stock movements. A top-down trading strategy helps bring clarity. This approach involves starting with the big picture, the overall market, then narrowing down to a specific sector, and finally selecting

Taking on new long setups today is a torturous prospect that should be avoided.  Despite this being a post about so-called ‘bullish’ trading opportunities, I have actually only one position in the portfolio and that is with SPXU which happens to be an inverse ETF on SPX to the tune of 3:1.  I may

Swing-trading short this market may not be done and over just yet.  I closed my position in SPXU (3:1 inverse of SPX) for almost a 6% profit in the Splash Zone yesterday as well as another 2% from a QQQ short. Based on the price action overnight, I thought the market may see

We haven’t seen the type of sell-offs that struck fear into investors like that of February and October…  But the selling of the last three days have certainly caught the attention of everyone involved in this market. Mega cap stocks like Apple (AAPL) and Goldman Sachs (GS) are dragging the market lower and should

Market has bounced off of the lows of last Monday and all seems to be good in the world again. However, we have a nasty mid-term elections today, and the results will be announced after the market closes and throughout the night. So the possibility for a volatile overnight trading session looms large here depending

With the election tomorrow, you could see some of the overnight volaility on Tuesday/Wednesday morning similar to the 2016 election.  Hard to say what the final outcome will be, here’s how I see it: