Here are five short setups (with a desirable stop-loss included) that I believe, will go down hard with this market, if it continues to churn lower. However, word to the wise, I don’t recommend going out right now and shorting these stocks, as the market is sitting in oversold conditions. I would wait for
As I continue to patiently wait for the market to work off its oversold conditions I look for opportunities on an intraday basis that I believe provides a good risk-reward opportunity. Often times, it is when the market hits price extremes for the day, and has either topped or bottomed out. But I don't get
Things have no doubt turned drastically bearish in the past week. Whether the sentiment remains is anyone’s guess. However, it doesn’t hurt to begin preparing for what could be a major correction. I mean let’s face it, it is not like we are in the best of economic environments right now, so there is no
One of my new changes to the website that I talked about last week was providing you with my watch-list of stocks that I am paying close attention to. Last week, I merely provided you with a list of symbols, but this week, I am ranking them by favorite to least favorite, and on top
I picked up this play on Friday afternoon which was the first day in a couple days that the markets was showing some positive movement. I was able to benefit off of a late day minor rally into the close. After today's action I am about half way to my first profit target in which
Let's take a look at four different setups - I like these a lot, but need to see them come down a little more in price before I start pulling the trigger on them. Even so, these are definitely worth keeping an eye on. Atlas Air Worldwide Holdings (AAWW) China-Biotics (CHBT) Metlife (MET) SkyWest (SKYW)
Two new trades to report - one in Lexmark (LXK) and the other in Hewlett-Packard (HPQ). Entries and stop-losses can be found on the charts themselves... HPQ has rode a very nice trend line since early August, and shows that it still has every intention of continuing that trend going forward. With a pullback to
Here's an article that I wrote for the Slope of Hope today as a guest blogger. Great website if you haven't yet checked it out! Today I want to provide y'all with a couple of trade setups that I thought depending on your trading strategy and market bias, could fit nicely into your portfolio. The