Trade Setups

Two days in a row where the SPX is selling off, and today, if the weakness can hold, would be the biggest sell-off since March 8th.  Some selling would definitely be in order here and continued selling today will be flashing sell signals across a lot of indicators.  So saddle up, if we are putting

Yup, the sellers are showing early control of the market to start this week, but let’s be honest with ourselves, have they really showed any conviction to the downside? Any momentum worth mentioning? No.  In fact, I wouldn’t be surprised if the bulls try to stage another rally in the last hour just to get

USO chart so far is really interesting to me. Yes, it has lost all of its short-term moving averages that include the 5-day, 10-day and 20-day, but overall, the pullback that has, until today, lasted six straight days and seven of the last eight days, has only given up 38.2% of its recent gains, which

The chart is beautiful, and there is little resistance overhead. I’ve already added one new swing trade to the portfolio today and I like my positions and long exposure where they current are. As a result, I don’t want to add any new long positions to my portfolio right now. 

Let’s face it, the Central Bank Bubble is still on the up and up. Yes, it was off to a rocky start this year, and last year, well, last year was a total bore.  But the the Fed, ECB, BOJ, and PBOC are clearly doubling down on their desire to keep the rally from 2009

The market pulled back nicely last week… it pulled back orderly, and after seeing the three day pullback there is little concern at this point for the bulls.  Sure the selling could pick up, but as it stands right now, this market looks like a light volume pullback that the bulls are going to buy

After breaking out of its recent base, oil has been on a roll, breaking out of its rising channel and crushing the hopes and dreams of bears wanting to see $20 oil.  Now the question is, does the bears have a renewed sense of hope here with a possible break in the rising trend-line?  We

I’m actually net short on this market – that is 10% short, 90% cash.  I honestly see the reward being to the downside, while the market to the upside has hardly no reward until the market does in fact pullback.  Basically the market is stuck in a conundrum. Bulls want this market to go higher,

Yeah, don’t expect the rally to keep going… but it sure does feel like it right now.  You can buy some of the long setups below, but don’t you think you’d be better off waiting for the market to pullback a few points first?  Once that happens, even the setups below, become even more attractive

Technical Outlook: Another low volume and tight trading range for SPX yesterday.  Volume was on par with yesterday’s light reading and well below recent averages.  Price closed below the declining trend-line as well as below the 200-day moving average for SPX.  Market behavior over the last two trading sessions and a few others before