The bulls are at it again here to kick off the last quarter of 2017. Not huge gains by any means, but still a good day nonetheless. My portfolio is doing really well too, with Olin Corp (OLN) rocking it with 6% in profits on the day.Â
Amazon (AMZN) has a massive head and shoulders pattern brewing. And it has the potential to get really ugly for this market if it confirms, because with it, will be all of retail that gets dragged down as well. For now, or today, I should say, it is bouncing, but if that bounce fails to
Not a lot to add here. The market still refuses to sell-off, so the long setups are the only way to go, for now. I even dabbled some yesterday to the short side with mix results. Right now, I just wait patiently for the market to give me the right opportunity to get short, and
I’m not sure how high, this market can actually get. It has already amazed me how high it has gone already, and wouldn’t put it past it to keep pushing price higher.Â
Talk about an exercise in futility – coming up with these bearish lists of trade setups have been a waste of time for about 99% of the time so far in 2017. Yeah, there are some good setups on there, and you’ll find in the list below there are some great setups.
Bulls are white knuckling this market making sure it does nothing but go higher. Two problems though with finding quality stocks to trade in the current market:
There's no sign of that happening just yet, but we have seen our share of moves to new all-time highs, only to see stocks get crushed in the days that follow. So, even with the market doing well right now, you need a contingency plan, just in case things suddenly go sour again. Below you
Here are the bullish setups to follow this week:
I’m not shorting any of these right now, but if the market does sell-off again, a lot of these stocks, especially the financials, will be nice candidates to short.Â