• Pre-market update: European markets are trading 0.3% higher.  Asian markets traded 0.2% lower. US futures are trading 0.2% higher.  Economic reports due out (all times are eastern): Retail Sales (8:30), Empire State Manufacturing Survey (8:30), Business Inventories (10) Technical Outlook (SPX): SPX is trading at a level now that makes it nearly impossible to

    By |Published On: July 15, 2013|2 min read|
  • Rick Santelli is truely a man after my own heart. This guy bucks the mainstream media, goes against all the talking heads and nimrods who cowardly follow the direction that Bernanke gives, and provides the truth behind what the Fed is doing and why.  Santelli is the sole reason to ever watch CNBC, and regardless

    By |Published On: July 11, 2013|1 min read|
  • Two trades to watch for opportunities to get long/short in, depending on your view of this market. Me, personally, I wouldn’t touch a short swing trade setup with a 100-foot pole. You need a pipeline of bad news and this market isn’t giving it to us.  Long: Shanda Games (GAME)

    By |Published On: July 11, 2013|0 min read|
  • I was surprised today when I started to mark up the Apple (AAPL) chart this morning, just how much I really liked it . Of course there are a myriad of fundamental reasons why people should or shouldn’t buy the stock, but at the end of the day, the chart is either bullish or bearish,

    By |Published On: July 10, 2013|1 min read|
  • I got long this fine beauty of a chart today at $104.66. Hasn’t done much for me in the past few hours, but the chart pattern and setup is undeniable and one that I am constantly on the prowl for.  The box breakout is one of my favorite patterns…particularly when it merges with an ascending

    By |Published On: July 9, 2013|1 min read|
  • The charts sum it up pretty clearly… LONG: Verizon (VZ) LONG:Tenet Healthcare (THC)

    By |Published On: June 27, 2013|0 min read|
  • Visa (V) trading outside the box Stock: Visa (V) Long or Short: Long Entry: $182.15 Stop-Loss: $176.25

    By |Published On: June 26, 2013|1 min read|
  • Two Bounce Plays that Setup Nicely Activity on the street has turned completely bearish, and everyone is still talking about last week's news. But what happens when that becomes a distant memory, with no new news to sustain it.  I could be wrong, but I don't believe the Fed is going to say anything near-term

    By |Published On: June 25, 2013|1 min read|
  • Playing the Pharmacyclics (PCYC) Bounce Stock: Parmacyclics (PCYC) Long or Short: Long Entry: $80.56 Stop-Loss: $77.78

    By |Published On: June 24, 2013|1 min read|
  • Green Mountain Coffee (GMCR) Ascending Triangle Stock: Green Mountain Coffee Roasters (GMCR) Long or Short: Long Entry: $81.28 Stop-Loss: $78.28

    By |Published On: June 19, 2013|1 min read|