Trade Setups

Since early May, Apple (AAPL) has given itself a nice $10+ move, going from just below $90 to over $100. But over the last four trading sessions, the stock has managed to trade lower. So what should we take from this?  First off, the stock has pulled back on light volume, but in doing so

Yes, I am speaking of the Oracle of Omaha – Warren Buffett.  When it comes to technical analysis, I could care less who you are, if there is a trade setup,and it happens to be one where the risk is manageable, then yes, I will short you. 

Stocks can go up and down all they want, but until there is a break out above or below of the 5-day trading range that price action has been stuck in on the 30 minute chart, there is little reason to get more long or more short.  Right now I am 30% long, 10% short,

It is the same story that we have seen since February: the bears, in the first ten minutes of trading, come out looking like they want to drive the S&P 500 down 40 points on the day. Then suddenly, you use the bathroom and you come back to find they are hanging on to the

The bulls are off to a slow start, but at this stage of the rally, give them the benefit of the doubt. I can justify shorting a stock, as long as it is to hedge some existing gains on current long positions. But to be net short right now on this market, as the bulls

The month of May looks to be another profitable for traders in the SharePlanner Splash Zone. See for yourself what a membership can do for your portfolio by signing up for a Free 7-Day Trial. With your membership, you will get each and every trade that I make with real-time text and email alerts (international too) as

Microsoft (MSFT) has one of the more intriguing charts that you will find out there today. In fact it may be one that I end up buying before day’s end.  You have a nice double bottom play, over the course of the past month, and followed by a breakout of the double bottom base yesterday.

I feel like this post is entirely inappropriate considering the current state of the market today, where it happens to be rallying in a manner no one foresaw at the close yesterday.  Even so, we’ve seen how many reversals this market has experienced the following day, and if tomorrow doesn’t follow through on today’s gains,

You get the feeling that today is going to be yet another one of those trading sessions that you say to yourself, “I wish I could get back those 6.5 hours of trading!” Since the early ramp Friday morning, the market has been insanely dull and boring and today is doing little to change that

To describe this market, there is no chart, and no analysis that can do it better than this random Russian guy deciding to go down a metal slide.  The results speak for themselves and for the state of the current market: Needless to say, even though the bears have owned this market (sort of) over