I won’t talk to much here, but I did add Mellanox Technologies as a long play to the portfolio, bringing my portfolio total to 5 short plays and 1 long play. Mainly MLNX is used to hedge some against my existing long positions, in the case I am wrong about the market’s direction going forward
Short Lululemon at $70.00 with a Stop at $72.63 So far I’ve made one trade on the day and that is in Lululemon (LULU). So now I have a grand total of “2” short positions which includes SodaStream (SODA). I’m also stalking once again CheeseCake Factory (CAKE) in hopes of jumping in around $33.30 or
The Chart of the Day… Quick Glance at the Market Heat Map and Industries Notables: Unfortunately this Heat Map isn’t Mitt Romney’s Electorate Map Incredible weakness in the financials. AAPL is probably the most notable loser Only the coal stocks d worse. id
Swing Trading Strategies Long & Short It is so easy to want to sit on the sidelines today and tomorrow and avoid the trading all together until a President is elected and all this hysteria has come and gone. But hey, you all don’t come to SharePlanner for me to sit here and do nothing,
Molycorp (MCP) breaking down on the daily chart [Update: Covered my position today (11/2) at 9.95 for a 3.7% gain from 10.34] I haven’t taken a lot of trades lately, and mainly that has been because of the unpredictable nature of this market. On Friday I went long on Amazon.com after it showed incredible buying
I’ve been sitting on the sidelines today, holding off on getting into any new trades. But if you have the itch to do so, I’ve put together two new trade setups to take advantage of, depending on which side of the fence you are on. With FBHS you have a solid uptrend followed by a
Trade in Urban Outfitters (URBN) at $36.32 – Swing Trade In my mid-day broadcast with traders in the SharePlanner Pro Trading Platform, Judith_G brought up Urban Outfitters and after looking at it, I couldn’t help myself, so I went ahead and shorted this stock as a swing-trade. What I really like about this trade setup
First trade for me so far today, and it is a short in Cheesecake Factory (CAKE). Typically, when I haven’t eaten any breakfast like I have today, I’m looking to get long on anything that is related to food, but with the CAKE setup, you have a very nice bear flag setup, tight risk/stop,
This morning, I didn’t expect to have any chance at holding my one remaining short in Copart (CPRT). However, Google (GOOG) surprised to the downside, which basically led to a market sell-off across the board, and led to Google’s stock being halted for dropping more than 10% right before 1pm est, and has yet
It’s not very often that I focus in on the ETF’s as a trade but the action we are seeing in the Q’s (QQQ) is undeniably attractive to the eye. You have a textbook head and shoulders pattern followed by a break down and then rise that takes price right back into resistance. If