Trade Setups

Here are my current watch-lists for both bullish and bearish trade setups. Obviously, green equals “Bullish”, and red equals “Bearish”. 

This was a nice bounce for the bulls off the lows of the day…. really nice.  I didn’t see it happening to this degree. I was stopped out of both my long positions early on, but I quickly got back in one of them, and then added another. So I am fairly happy on the

This is a tough market, no doubt, and while conditions are quite oversold, there has been a lack of a bounce with the equities.  My watch list has about 20 less stocks than what it has been over the past few months. My objective right now, considering current market conditions, is to simply find

I suspect we’ll keep the bullishness up this week, and stir up the FOMO feelings among traders where they keep piling on with the buying, and the shorts, well they’ll keep getting squeezed like they have been today.  However, should that not be the case, and this market falters at some point this week, and

You can still see where the bears really haven’t bee squeezed yet, despite Friday’s rally, and today’s attempt at one, though right now it is still trading flat on the day.  Big leaders are struggling, and if this market is going to sustain a bounce and do it in a convincing fashion, it will need

SPX has shaved 50 points off the market today, and could see more, but this kind of extreme sell-off hasn’t been seen in quite sometime, and follows four days of selling before.  Plenty of stocks are seeing prices that are 15-20% lower than they were earlier this month. However, I like to look for the

The bears are seriously squandering an unbelievable opportunity to squash the bulls and inject a fresh round of fear in this market.  Instead, the bulls are showing resilience at the 50-day moving average and not giving a rip about the previous three days of selling. 

It is a little thinner than usual, but the bullish watch-list still has some potential plays worth keeping an eye on.  Though we have seen much more selling than usual in the stock market of late, one thing is certain, the bulls keep bouncing price in the afternoon. The bulls are showing a resilience that

The bulls are right on the cusp of new all-time highs on SPX But the breadth divergence is the worst I’ve seen in a very, very long time. 

These market conditions continue to ugly themselves here. I don’t like it. Overall the NYSE Decliners holding a 16:13 edge so far today, which doesn’t bread confidence, and neither does the small caps trading 0.81% lower on the Russell.