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
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
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)
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,
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
The charts sum it up pretty clearly… LONG: Verizon (VZ) LONG:Tenet Healthcare (THC)
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
Playing the Pharmacyclics (PCYC) Bounce Stock:Â Parmacyclics (PCYC) Long or Short:Â Long Entry: $80.56 Stop-Loss:Â $77.78
Green Mountain Coffee (GMCR) Ascending Triangle Stock:Â Green Mountain Coffee Roasters (GMCR) Long or Short:Â Long Entry: $81.28 Stop-Loss:Â $78.28