Trade Setups

Despite a strong bounce in the financials yesterday and relative strength that it has exhibited today, it still appears as if the banking stocks are setting up for more to the downside.  Take a look at these four banking stocks, and the last one will really blow your mind. Goldman Sachs (GS) JPMorgan (

Its quickly getting ugly again with the market already posting losses of over 1% and quickly approaching 2%.  With an evening star candle pattern forming on SPX and much of Friday’s candle already being lost on SPY, the bears are starting to reload their short positions.  I’ve also added a couple myself, and you

Huge rally on Friday followed up with another gap down today. But the bulls are trying to buy up this dip. I have my suspicions of it though as oil is down over 5% today and stocks are struggling to fight oil’s influence. There’s no doubt that this market can still rally, but if this

We have a full on short squeeze unfolding today, and there is a good chance that it continues into tomorrow if Apple (AAPL) and the Fed don’t blow it at some point. So don’t go shorting stocks today. It’s not the time or the place for doing that. Let today play out. I covered

Perhaps this market bounce isn’t over just yet, we’ll know more are the week progresses as there are massive amounts of earnings reports including Apple (AAPL), Facebook (FB), Boeing (BA), eBay (EBAY), Visa, (V), Catepillar (CAT), Chevron (CHV) and many, many more. Not to mention that you have the dadgum

Despite the selling early on this morning in Starbucks (SBUX) it has managed to recover quite nicely. However, I don’t think today is the day you want to trade it or even buy it and see what it does next week. Instead I think you need to wait for this triangle pattern that it

Definitely not the day to be adding shorts, but don’t discount the notion that it could be a prime opportunity once this bounce the market is seeing from yesterday afternoon and today finally peaks. Below are the short setups that I currently liek the best of all the trades. I’ve weeded a lot of the

I’m not sure what you have to do to goose this market, better yet, what does it take to light a fire under oil (actually don’t do that, that never ends well…literally!). But that is what we are dealt with in this current market environment. China gave us the headlines indicating they wouldn’t allow their

Alright folks – here’s the list of bearish trade setups that I am following. The market is in the process of trying to recapture its lost gains from this morning. And the three stocks that I came into today with, sold out of for profits, have all been bought back again. So yup, it has

Each morning before the market opens up, I go through every position that I have in my portfolio and I review the stop-loss, and what would have to happen for me to book my gains in a trade today, or to cut my losses, prior to my stop-loss being reached.  So I write out