Trade Setups

As I have come accustomed to doing, I save the last day in the week for my “All-Short” Friday list of trade setups. That doesn’t mean I’m suddenly ubber-bear, its just a theme…. a theme folks! Short Tiffany (TIF):

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Cup and handle pattern breaking out above $75. Try to get in as close to $75 as possible. I’d place my stop-loss at $72.46.  Here’s the trade setup: 

Here’s today’s players: 3 long setups and 2 short setups Long Molycorp (MCP):

Here’s today’s plays: 3 longs and 2 short setups:  Long Louisiana Pacific (LPX):

Finally a bounce in this market – lets see whether it can 1) be sustained and 2) can be significant enough to call it a “bounce” Here’s today’s swing-trade hit list, I’ll focus some more on short setups as well starting tomorrow.  Long Helmerich and Payne (HP):

Pre-market update: Asian markets traded -0.5% lower.  European markets are trading 0.2% higher.  US futures are trading 0.3% higher ahead of the market open.  Economic reports due out (all times are eastern): ICSC-Goldman Store Sales (7:45), Redbook (8:55), PMI Manufacturing Index (8:58), ISM Manufacturing Index (10), Construction spending (10) Technical Outlook (SPX): Yesterday’s sell-off

Let’s start this week – I’m expecting a bounce at some point here – might as well have some longs handy for when that time comes:  Long Gulfport Energy (GPOP):

Its been a while since I have focused solely on the shorts for my daily setups. So here we go:  Short Advanced Micro Devices (AMD):

Here are my three long setup and two short setups that I am watching today. My aplogies for just now getting this posted. I had a detenist appointment in the pre-market that went slightly longer than expected. I guess there was more house cleaning than what was expected.  Long First Solar (FSLR):