Trade Setups

It is really, really bad out there! There is no mistaking that. For much of the year, I have stayed 100% cash overnight except for Friday evening when I held Apple (AAPL) overnight. So far that has proved to be the right call as it remains green in a sea of red. As we have

This trading channel on the iShares Nasdaq Biotechnology Index ETF (IBB) (wow, that was a mouthful!) has a channel with parallel support and resistance that it is currently trading in. Oh, its down a whopping 4% today, but there may be a silver lining here to the long-side. 

Technical Outlook: Yesterday marked another massive sell-off in the indices with SPX dropping 2.4% down to 1943 (a 47 point drop).  There is really no support in between the current SPX price and the September lows. That doesn’t mean it falls straight down, but does mean there is a much better chance of ultimately testing

It isn’t that I’m afraid to short stocks. Far from it. I’ve made a career off of shorting stocks. In fact my short setups last year, on the whole performed better than my long setups. I’ve got no problem shorting stocks, but I do have a  problem when it comes to not having the ability

I have found the pullback in Apple (AAPL) utterly fascinating, I mean, how many companies can actually say that as the stock has pulled back roughly 26% from its recent all time highs made in 2015, that it has lost well over $150 billion in market cap?  Nonetheless, AAPL is sitting on a rising trendline

Technical Outlook: Another day of heavy selling yesterday for the fourth time in the last five trading sessions.  Now you have China being halted last night for the second time this week, after dropping 7% during their trading session. As a result, US futures are seeing another major sell-off taking place today. The S&P is

The market is playing with some key support here with SPY and if the market decides to break that support, some of the trade setups listed below should be come invaluable to you for what might be additional selling from the bears. My ideal short right now is the stocks that have rallied some

Hand it to the solars today, they held their own, and in the case of SolarCity (SCTY), it improved its prospects in a horrible tape quite nicely.  I talked about SCTY on Saturday as a potential play off of the 200-day moving average and it performed quite well.  Though if you were playing the trade

Below are the setups that I am currently following from the long side. I’m 100% cash right now with no intention today of adding any of the stocks below. But as we have seen many times in the past, the market can rebound with no warning, and so despite the horrible start the market is

  Two trade setups looking to come out of the bull flag pattern it is currently in.