Trade Setups

Two Trades I went long in today: LONG: Western Refining (WNR) – Notice the inverse head and shoulders that has formed over a period of months, as well as the range bound ceiling it has been impacted by over the same time period as well. Now we are finally getting a “breakout” to it. Stops

Here’s my latest trade: Pharmacyclics Inc (PCYC) which is breaking out nicely after a short-term bull flag. I’m looking for continuation on this incredible run the stock has been on. It’s imprtant to give stocks like this plenty of room to roam, because often times there is a lot of emotions driving the stock, so

Disappointing day for bulls today as what looked like would be a soaring open when futures opened Sunday night on news that Spain was seeking a bailout, quickly vanished as the US market open came about.  I think for the most part, that this market has grown tired after registering its best week of the

One of my favorite stocks for years now has been McDonalds (MCD). Like their food or not, the company knows how to sell a hamburger. As for me, I consider myself to be a fast food connoisseur and I can tell you, after years of experience at consuming countless hamburgers at fast food joints ranging

It has been a pretty good day today, and quite a change from yesterday, where despite the initial market decline, not a single one of my short positions were working for me (weird, I know). However, today they are all working in textbook fashion. And Signet Jewelers (SIG) which i was down about -2.5% at

So far, it’s what I pretty much expected out of the market, sitting at the 1294 level on Friday’s close, and six straight down days – makes for a highly probably bounce like we are getting so far today. At the moment, I’m not going to short anything new…yet, and I went ahead and closed

Not to much to report here on my end. As we go into the final hour of trading, I’m hoping to see some capitulation or a nice flush in price. I hold about six short positions right now, and I’d love to sell some of them on weakness. We are heading straight for a bounce

Economic Reports Due out (Times are EST): MBA Purchase Applications (7am), Housing Starts (8:30am), Industrial Production (9:15am), EIA Petroleum Status Report (10:30am), FOMC Minutes (2pm) Premarket Update (Updated 8:30am eastern): US futures are moderately higher at the open.  European markets are trading mixed/flat. Asian markets were down hard, ranging from -1.1% all the way down to

No positions yet in any of these names, but I plan on adding a few as we head towards the close. Whether you are bullish or bearish there are plenty of opportunities below.   LONG: Activision Blizzard (ATVI)  

We’re heading into the close and the market is playing with the notion of closing below 1340. If we close below that I’ll be a little bit more comfortable about adding more of the short setups listed below. I’ve already added Sigma -Aldrich (SIAL) at $70.27. I was actually thinking the market might take a