Trade Setups

If you’ve followed Amazon.com (AMZN) for any significant amount of time, you’ll know that over the past year or so it has seen some of the most dramatic ups and downs in the stock’s history.  Here’s the nitty-gritty on the stock:  Text book inverse head and shoulders pattern in place but not yet confirmed

I came across the chart on Wynn Resorts Ltd. (WYNN) and the stock offers a very nice risk/reward setup to take advantage of. Here’s the breakdown on the stock…. Confirmed inverse head and shoulders pattern at $115.81 (Bullish) Well oversold at the moment and coming off of earnings (Bullish) On 1/24/12, broke through the

If the market stays propped up, and we dont’ see some selling start to creep in, than you have to give some thought to trading US Steel (X), because that stock has one incredible ascending triangle pattern that it is breaking out of to the upside.  Target wise, I would think that a breakout would

We’re finally seeing some weakness out of this market as we have pulled nicely off of the day’s highs and into the red. But the constant theme of this market so far in 2012 is the seemingly endless bid underneath this market. We haven’t seen it kick in yet today, but one can’t discount that

LONG: China Ming Yang Wind Power (MY)  

So far the market has disappointed the bulls by not building on the morning gains, but at least the market hasn’t gotten away from them. The bears, as has been the case since December, has had a hard time holding on to its losses, and building upon them. We saw it Friday, and we’re seeing

Below I’ve put together three charts that had been on a nice upward trend that is finally showing some weakening and a desire to shift directions and move much lower. Granted, we’ll need to see some market weakness in the days and weeks ahead, because at the current rate, it’s hard for anything to trade

Google (GOOG) was downgraded this morning after an analyst at Stifel Nicolaus lowered their revenue and earnings estimates. While I don’t consider the news to be important at all (any upgrade/downgrade is done for self-serving purposes, and never to actually warn us of anything), I am enamored by the price action where this stock

One of the things that I really value about SharePlanner is the community interaction. This morning one of the regulars, BigApple provided us with two stocks that I probably would not have found, otherwise. The first one International Business Machines (IBM) provides a great head and shoulders setup, while the second one, 3M (MMM) provides

Two new trades I took this morning. The market is looking, as a whole, like it wants make a move higher, but that will in large part depend on whether it can break through the intraday channel that we’ve been stuck in since the beginning of the new year.  Long: MGICInvt Corpt (MTG)