Trade Setups

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

Technical Outlook: Another trading session yesterday where S&P 500 (SPX) did not move. Dip buyers came in during the afternoon trading session and rallied the market off of the lows again.  Russell 2000 (RUT) continues to make new rally highs, with plenty of strength at the 20-day moving average.  Nasdaq (QQQ) made new all-time highs yesterday.

At some point, this dull price action has to end and when it does it is likely to lead to a big move for the market – in one direction or another. But there will ultimately be a big move eventually.  It is just a matter of waiting it out and watching the paint dry,

The bulls have had the edge since Friday’s payroll report, rallying slightly on Friday and up a fraction today, despite the sell-off early on.  At this point, you can almost bank on the algos and HFT’s to buy the dip when the market sees, by its standards, a massive 2-3 point intraday drop on the

Here’s one of the more intriguing trade setups that is out there in Goldman Sachs (GS). I just made this trade in the SharePlanner Splash Zone. The consolidation was extremely tight over the past few days and now it is coming out of it quite nicely the potential for the $180’s in the coming

The market is actually seeing a mild amount of selling today, even though it really isn’t anything to really brag about. S&P 500 (SPX) is back below the 20-day moving average which has been key to a sell-off all along.  You have to be careful about not adding too many shorts at this point

Bulls are trying to nudge their way back into the drivers seat of this market, and so far it is working for them.  Here’s the thing, speaking from the technical aspect of trading, I really don’t care about P/E’s or what the analysts are saying about a particular stock or the market as a whole.

I almost got into Netflix (NFLX) yesterday but he market conditions weren’t right and resistance was still keeping it down.  But today is a completely different story, and now NFLX is breaking out of resistance and beyond. Obviously getting an upgrade with a $145 price target doesn’t hurt matters, but from a technical

Yes, I am a faith watch-list developer of all things long and short.  But there can’t be that many bears left in this market. I mean, seriously, what has the market done for you at all lately that says, “I need to be net-short?” Absolutely nothing! On the flip side the last two months