Trade Setups

The bulls aren’t coming out of the gates ‘guns-a-blazin’ to start the week, however, while the week is short, it is also still young.  Thanksgiving week, minus 2011, has always been one of my favorite weeks of trading to be long in. Historically, it is a very bullish week as well. So, considering the rally

The bears have tried a few times today, but haven’t quite been able to push the bulls back into the hole that they emerged from yesterday. Instead, the bears are having to evaluate whether they need to consider covering more of their short positions or load up the portfolio for a possibility of another sell-off

At this point, you are going to struggle to find a lot of emerging breakout stocks, particularly when SPX has dropped 93 points in the last eight trading sessions.  The only ones that I really liked as a breakout candidate is General Electric (GE) and Baidu (BIDU) – both of which has

The bears have discovered some wind for their sails of late as they attempt to push this market down for a fifth straight day. The only problem, is that the pullback has only managed to pull the market a little more than 1.5% off of its rally closing highs from 11/3. If you consider the

Brutal day in the market so far today and there has yet to be a bounce of any kind at this point. On the TICK there has yet to even be a net +500 move at any point in the day. Quite frankly, that is hard to come by. Decliners are holding a 7-to-1 advantage

And with the Fed’s heavy hand in this market, that may be never.  But for now, let’s remain prepared, because when the market does eventually reverse it always tends to catch traders by a surprise – a news catalyst, a surprise earnings miss that spirals out of control into the broader market, or some political

It is easy to think that this market rally has to stop at some point… take a breather, pullback, chill out for a few minutes. But it isn’t.  The trend line off of the September lows is steep and seemingly unsustainable, yet the market just keeps moving higher.  Yeah, eventually it will end, but anticipating

It is hard to get overly excited about today’s sell-off. I’m not willing to buy at this point because the market could easily drop 20-40 points without crippling the October rally. However, the 200-day moving average was tested today and has held nicely so far for the bulls.  With Apple (AAPL) reporting today, and

The market is in the midst of another 2-day pullback. Each of the previous two weeks had one of these as well, and on both occasions, SPX pulled back to the 10-day moving average before rocketing higher. This time around though it is a bit different in the sense that SPX is about +20

The market isn’t down by much today when you judge it by the S&P 500, but take a look at the Nasdaq and Russell and you’ll find that the S&P 500 is masking a lot of the weakness in today’s action. The tendency, when we’ve seen a huge run in the market, like we