Trade Setups

The bears, despite some respectable efforts up until yesterday afternoon, finds themselves at a breaking point with S&P 500 determined to take another crack at 1883.  With every attempt, it becomes that more likely that it will break and there are plenty of news events this week, from the FOMC Statement, GDP and Employment, to

It started off solid for the bulls this morning but quickly faded as the bears took control and added to Friday’s downside.  I don’t see any reason to buy any stocks at this moment, but as we’ve seen in recent past, the bulls have no problem buying the dip. But wait for them to

For the past two months the market has been trading sideways. If you look beyond the S&P 500, and look at the Nasdaq and Russell, the market has been drifting lower.  Now we are seeing six straight days of positive gains, assuming today ends higher. That breaks the four day win streak from earlier

At this juncture, with the S&P 500 butting up against heavy resistance at 1873, whether we go higher from here or reverse course like last time we tested this level, is anyone’s guess.  I’m going to let the market confirm which direction I should be bias towards. If we break 1873, then it will obviously

Yesterday’s bounce is gone, and the indices are looking like they are ready for another leg down.  Which makes the list of trade setups in this post a must for you to review. There are plenty of solid plays here, and if the S&P 500 can break 1814 (Friday’s lows) there is a good chance

The market is bouncing after a rather hideous sell-off last week. I’ve seen plenty of bounces like the one we are getting here today over the past two months, only for them to get squashed within a couple of days and trading lower than it was prior to the bounce.  So you have to be

There seems to be no shortage of bearish trade setups out there. In fact, I have had to be extremely “choosy” with which ones are included on the list.  A few of them have already started to breakdown. What I am looking for out of those setups are bounces back to the broken support levels

Obviously the market is in free fall over the past two days…literally. There has been zero bounce as of yet, though it will come. It is just a matter of when and how much. And don’t think that just because the market is bouncing that somehow everything is fine and dandy again. Wait for the

Here’s tonight’s watch-list: You can join me in my trading room tomorrow with a Free 7-Day trial by clicking here. Long Best Buy (BBY)

Here’s tonight’s watch-list for tomorrow.  Long Apple (AAPL)