Trade Setups

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. 

The bears are trying to extend the sell-off into a third straight day.  But let’s be frank, the selling is hardly anything to get concerned with at this point, there is little volume to it, and the VIX indicator is hardly moving either, as it still sits in the 12’s. 

Today the market is pushing lower. There’s a chance here we see a retest of the 2900 level here, which today would respresent key support from the rising trend-line that was created off of the June lows.  It also represents the 20-day moving average as well. But in the very short-term, you have support at

Here’s this week’s installment of my swing-trading ideas that I consider to be bearish I had one short position this morning that I had initiated yesterday. It didn’t take long before I went ahead and closed out that one. The market simply wasn’t going to have anything of it today, despite a promising sell-off after

The bulls are dropping the ball today, following a solidly bullish week, where SPX traded higher each day.  The problems lie with big tech today, which are absolutely getting slaughtered – even Amazon (AMZN) had a moment, where it came within a few bucks of its 50-day moving average. Then you have Apple (AAPL)

Going through my list of short setups, has been interesting.  Usually when weeding out the good from the bad, particularly in a market where the bulls have price right at or near all-time highs, I find a lot of failed setups. And that is to be expected in a bull market.