Trade Setups

I like this trade setup quite a bit and has served me well so far with  Hornbeck Offshore Services (HOS).  I swapped Diamond Offshore Drillers (DO) for HOS and the net gain between the two has been much better had I just stayed in overextended DO.  The ascending triangle breakout at the highs is often times

Here’s my only trade today, and it comes in Diamond Offshore Drillers (DO). I love the inverse head and shoulders pattern we are getting here, and I think that it should, at the very least make a push above $75. We have also seen some strength out of other offshore drillers recently, like Hornbeck Offshore

Pre-market update (updated 8am eastern): European markets are trading 0.1% higher. Asian markets traded trading 0.7% higher.  US futures are slightly lower.  Economic reports due out (all times are eastern): MBA Purchase Applications (7am), Producer Price Index (8:30am), Empire State Manufacturing Survey (8:30am), Treasury International Capital (9am), Industrial  Production (9:15am), Housing Market Index (10am), E-Commerce Retail

I’ve got about 70% of my capital committed at the moment to the long side. I may push that to 80% with one of the names listed below by the end of the day.  I think today’s action is extremely significant and resumes the uptrend that we have been on since April’s lows. This move

LinkedIn Chart is a Swing-Trade Beauty Folks, check out the LinkedIn (LNKD) chart setup that one of our users in the Splash Zone discovered. I’m not really worried about some of the recent negative news that has come out on this stock. Instead, I am more interested in how this stock is bouncing ideally off of

I love breakout plays in the short-term that also form long-term ascending triangles in the long-term. They are incredibly reliable plays.   I got in JCI at $35.22, with my stop-loss at $34.25. As long as we don’t fall below the breakout level as shown below, we should be good to go in the

You have a number of developments working in Wabash National’s favor (WNC). First you have the down channel broken, followed by a confirmed inverse head and shoulders pattern in the short-term. But the longer-term looks bearish However, I really do not like the longer-term double top as weel as the run-in that price is currently

Here are three long setups that I am watching today, and considering jumping into before the end of the day:  Long: BGC Partners (BGCP)

I got into CMG yesterday and despite it being a bit lower than where I got in at, I am  still marveling at the chart pattern here. If it breaks out and starts trending higher, there is a good chance, it could be hitting $400 in short order. Chipotle Mexican Grill (CMG) once it starts trending,

Taiwan Semiconductor (TSM) has a near perfect Fibonacci retracement Stock: Taiwan Semiconductor (TSM) Long or Short: Long Entry: $18.37 Stop-Loss: $17.87