• Shorted HSY At 47.12

    I found a gem of a set-up so I went with it. Beautiful double-top in a textbook fashion. Couldn't pass it up...I've never been a big chocolate guy anyways.

    By |Published On: August 19, 2010|0 min read|

  • URBN Shorted At $33.41

    I’ve gone through all my charts this morning for short setups and I am just unable to find any solid short setups offering a solid risk/reward scenario at this moment. A lot of them have seen heavy selling since the open, so I will have to wait for some kind of pullback either intraday, or

    By |Published On: August 19, 2010|0 min read|

  • Just Shorted OMI @ 27.55

    Added Owens & Minor to the portfolio this afternoon, shorting it at $27.55. Couple of things to note on this one, the first of which is the nice downward channel it is trading in, particularly on the daily and weekly charts. However, I am going to be cautious of any break to the upside, as

    By |Published On: August 18, 2010|1 min read|

  • Shorted FCN At $34.46

    This will probably be the one and only short that I add to the portfolio today. It was also a trade setup that I posted last Friday as part of the daily morning long and short setups.  As it stands now, I am about 45% short on the market. I did fade the gap this

    By |Published On: August 16, 2010|0 min read|

  • 3 Charts That I Am Watching for Possible Short Positions

    Should the market close below 1080, I’ll be closing out my long positions taking whatever profits/losses I have in those that are still open. One position that I will keep is TICC. Here are three charts of stocks that I am looking to short. I’ve put my comments and mark-ups on each. Patterson Dental (PDCO)

    By |Published On: August 12, 2010|0 min read|

  • Looking At A Failed Gap Trade #4

    This is the not-so-great side of trading the gap: You are right on calling for the gap to be filled, the problem is, the market stops you out before you can realize those profits, and instead you walk away with nothing but a loss. That’s the world of trading and that is exactly what happened

    By |Published On: August 10, 2010|1 min read|

  • 56 Short Setups with Stop-Losses

    Its been a while since I posted my shorting watch-list and you may be wondering “why do have a shorting watch-list when you are 65% Long on the market right now?”. The answer to that is easy: the market is ever-changing, and sometimes you have to be prepared to flip the switch and go

    By |Published On: August 9, 2010|1 min read|

  • Looking At Today’s Gap Up #3

    At the expense of sounding redundant with my review of “gap-fade” trades, I’ll probably only be doing one more post highlighting this trade type. I’ve had a couple that I went over when you shouldn’t trade the opening gap, and below I have a review of today’s gap-fade that I partook in successfully this morning.

    By |Published On: August 9, 2010|1 min read|

  • Looking At Today’s Gap Down #2

    The market took a surprising dump at about the 10am mark breaking through both the 200-day moving average AND the upward trend line established back on 7/6 – both strong negatives for this market. It wouldn’t take much for the market to recapture both of these, but it will need to start making up ground

    By |Published On: August 6, 2010|1 min read|

  • 36 Long Setups with Stop-Losses

    Of all the stocks I would love to buy on a pullback would be Technology Investment Cap (TICC) – one of the best charts I have seen in the past five years – seriously. Stock has excellent fundamentals, a huge dividend, and a trend that just won’t stop. So check it out and let me

    By |Published On: August 5, 2010|1 min read|