Trade Setups

My Stocks Watchlist for Short Setups Yes, a stocks watchlist for bearish trading setups might not be the best idea on the surface for trading in this market. But I always keep one. How can I can I not? The market can turn at any moment, and one day that moment will arrive. Now while

The market running wild, with little to no regard for downside risk. That hasn’t happened much to the extent we have seen over the last four months, but it has’t showed any serious signs of stopping yet either.  So until it does, trading to the long side is the only trade in town.  One thing

The bears are showing some massive aggressiveness today and if you are short on this market like I am, coming into today, you like every thing that you are seeing.  Now the bears have to make sure A) Ramp Capital doesn’t erase 1/2 the losses before the end of the day B) That it can

The bulls are having their turn today, but as we have seen late, no matter the rally, and as sporadic they are, they lack follow-through and break through of any significant levels of resistance. Instead, all we find is the market staying put, and likely what we are seeing is a market desperate to stay near or at its

There’s not a lot of reason to be short on this market… well that depends on the day of the week of course, because on Friday of last week and Monday of this week, things were starting to look grim. Since the debate, the market has been extremely bullish. And it is not because it

I understand if this market has you perplexed today. As well as the market from Wednesday, Thursday and Friday of last week.  This is a very difficult market to trade and it has been that way for over two years now. The bulls can’t sustain momentum, and the bears can’t come through at key inflection

 There is every reason in the world that this market should pullback and it simply doesn’t. Doesn’t mean it cruises higher, it just stays in “No-Man’s Land”. Rallies can’t be sustained and sell-offs can’t get started.  That is a stalemate, my friends. 

Bulls had it going for them this morning, but that feels like a century ago. In their back pocket though are the Bank of Japan and Federal Reserve that lie in wait to step in with their monetary policies to artificially prop this market up.  As a result, keeping a list of long setups is very much

This bounce today is totally different than the one we saw on Monday. The strength is there, it is actually pushing above the 5-day moving average and breaking through the previous day’s highs. Monday’s rally had none of those qualities to it. It was simply a dead cat bounce. As a result you have

I am not a fan of adding long positions in this current market environment. Especially after yesterday when the bulls gave up all of their gains following what is now a dead-cat bounce.  The market looks to me to be setting up for further downside. You have the FOMC Statement next week, and that