I had the pleasure of being featured in a StockTwits Q&A yesterday and I really enjoyed every bit of it. Lots of great ideas were shared and I found plenty of good trade setups that I plan on watching in the week ahead. Here’s a look at some of them:
Three trading tips for the week ahead We are coming off a pretty dull week of trading. Financials saw a pullback following Janet Yellen’s FOMC statement and there is a desire among traders out there to see the market perk up some to make things more interesting in the week ahead. I’ve put together three
A nice combination of longs and shorts to consider today in your trading:Â Short: Citigroup (C)
Its been a while since I have focused solely on the shorts for my daily setups. So here we go: Short Advanced Micro Devices (AMD):
When running my scans this morning I saw that the likes of Intel (INTC), Advanced Micro Devices (AMD) and Sandisk (SNDK) were all looking rather bearish. On all three of these stocks, I would wait for these stocks to bounce. In the charts below I provide that ideal short level, but more importantly is
Current Long Positions (stop-losses in parentheses): SPY August 136 Calls, SCLN (6.09), SD (10.72), HNSN (4.80), IO (9.92)
Here’s a chart to consider for tomorrow. AMD is a stock I’m sure most of you have heard of. We’ve bought and sold this one a few times in the past. They are actually a pretty good company, but in a very competitive industry that has seen its prices for components slashed drastically over