I hate to bombard you all with an obscene amount of charts – but I have no choice but to do so. I plan on sitting out the first 30 minutes at least of trading, as I have plenty of positions to work with, and don’t want to add more if this market doesn’t have the
Finally jumped in on a trade today – Dean Foods (DF) is a stock that I have been watching for well over a week now. I has shown a lot of support at its current price level, and seems to have some pressure mounting for an upside breakout. And when it does, there is a
…Yet I am long at $135.44 after it tested the 50-day moving average and the current trend-line. The risk is minimal at this point – a break below $132.80 and you’ll want to bail out. But I think, especially with the panic we are seeing in it right  now, that it has probably seen the
I’m watching a lot of stocks this morning for potential setups, but the market weakness at the bell is making me stand on the sidelines for right now. However, I wanted to provide you with 9 stocks that are on the verge of breaking out, and should the market regain its footing here, they should
I’ve added Goldman Sachs (GS) at $171.62 and Blue Coat Systems (BCSI) at $30.65. I’ve got about 8 positions in total, but I will use this afternoon to look at taking some gains off the table and even possibly closing out positions all together – with the top two of which being OI, and
The market is doing a good job of rallying off of its lows, which is something that we have consistently seen over the last two weeks. Below are six stocks that I believe you need to be playing close attention to. I’ll also be posting my full watch list later on today. Here are
After finally seeing some signs of life from this market, I decided to go long on NVDA at $15.28. My stop is pretty tight, at $14.78. The setup is no doubt appealing and one worth jumping on with the cup and handle in play and could easily see a move into the $16’s in
My one and only trade so far today. I did get stopped out of SCSS for a 3.9% loss, which looking back on it, I think was avoidable, and may be video worthy for me everyone to learn from going forward. In any case, below you have my chart mark-ups on Peabody Energy (BTU). My
It initially broke out and I was late to the party. I fought the urge to chase, and I did a good job at that. Instead I waited for SCSS to come back down to the breakout level of $9.38, which it ultimately did. But my, hindsight 20/20 is a killer, and there was definitely
Long APOL this morning at $39.14 with a stop-loss at $37.66. Huge gap to fill, and it is now finally to breach into that huge vacuum that saw its price sell-off 20% overnight. This is one of the more promising setups that I have see of late. Here is my chart analysis on APOL.