The market, for the first time this month has seen a fair amount of selling as it fell back below the 1130 breakout level on the S&P. The question on the minds of the bulls is whether this is something to be concerned about or to use as an opportunity for buying stocks on the
This is a stock that I have managed to consistently short with success over the past few years, and right now it is trading in a very defined trading range which makes this an even more intriguing setup for me. So at the close yesterday, I jumped on this stock at $34.79, just as it
This is a very solid swing-trade setup, but I would wait until the market confirms for us that it can bust through the 1130 resistance level on the S&P before initiating a position. But should that happen, this stock has an easy upside of $21 before hitting any meaningful resistance. The ideal stop-loss would
One very bullish day isn’t going to waver my belief and alter what I know the chart are showing, and that is more downside in this market. With that being the case, I used today as an opportunity to reload on some additional short positions. I was able, despite getting stopped out of DDS, to
I am not planning on adding any additional short positions to my portfolio today – BIDU will be my one and only one. But others that I also like include this morning’s short-setup – ALNY and MYRG, KRC and LEN. All of these stocks have nice setups that line up nicely on the daily
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Added another short position to the portfolio with Adobe Systems (ADBE). I was missing some tech (and still looking to add a good setup within the Financial sector), so I thought that this would be a good start. I also closed out my position in QQQQ at 45.11 at the open this morning –
So far, the morning trading session has spent most of its time trading in a narrowing channel. Nonetheless, I don’t believe this sell-off is by any means done and over with, so I’m giving you three short setups you should be watching. Each of these provides a very nice set-up with a lot of downward