Trade Setups

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One of the members of the SharePlanner Splash Zone Today pointed out a nice trade setup in GIS and so I thought I’d dissect it for you and give some thoughts on it.  Quite a nice trade setup really, with a readily definable risk/reward to it. Obviously, this isn’t a trade that is going to

The bulls should be getting worried here. Yes, they find a way to rally the market off of its steep lows every time we see a sell-off, and we are seeing that happen again today, but the theme is that the bears are being relatively persistent in the last few weeks by putting its boot

Technical Outlook: SPX followed up with Friday’s afternoon recovery with a bounce to the upside yesterday that saw price reclaim the 20-day moving average and stall out at the 5-day moving average.  Technically, very little improvement. On the 30-min chart of SPX, the rally simply took price straight into the neckline resistance of the head

The bulls are showing a little bit of enthusiasm in the early part of afternoon trading. However, throughout the morning they were showing all the markings of simply wanting to throw in the towel.  At this point, I’d still consider the market to be in a chopping range, and doing nothing to resolve the weakness

Let’s just say that the Russell index does not like to put forward a good challenge to the 50-week moving average and this week has been no different. After testing the 50-week moving average last week for the first time since early December of last year, the Russell index tested it this week too. And

This list is dwindling by the day, down to just 33 names that are showing desirable short setups. That is because from even an intraday standpoint, you cannot get a sell-off to stick. That doesn’t mean the market is still rallying higher right now, it just means, that the bulls can not come off its

Careful with getting too heavy on the long side early on this week. There was some patches of  selling late last week and it is bleeding into this week here to start things.  Not to mention, oil is struggling at its rally highs here and looks ready for a pullback. Below is the long list

Just think… just a little over two months ago, SPX was down almost 12% year-to-date with what appeared to be no end in sight. Since then, the market has been on an unabated rally that has erased all of those losses that the market was experiencing.

It took a grand total of five minutes for the market to overcome a five percent drop in the price of oil and ultimately push the indices back into the green, erasing all the hopes and dreams that the bears came into the week with.  So far today, the gains the market is experiencing looks