Now that the market has finally had the chance to rally some, work off the oversold conditions (I feel like a broken record saying this) I’ll be putting on some new short positions come tomorrow morning. I’ve heard already some chatter from folks getting more optimistic each day, which even more so, emboldens the contrarian
Last month I provided you with my Top 20 Short Setups, this time around, I am giving you my Top 30! There are a ton of excellent short setups out there and below are the ones I believe are the best of the best. The market is no doubt oversold right now, so I’d recommend keeping
Here are five short setups (with a desirable stop-loss included) that I believe, will go down hard with this market, if it continues to churn lower. However, word to the wise, I don’t recommend going out right now and shorting these stocks, as the market is sitting in oversold conditions. I would wait for
As I said yesterday, today will no doubt be pretty crazy in regards to the number of variables out there influencing the market’s direction today. Not the least, you have the affects of yesterday’s FOMC Statement being further digested – in fact I have seen it at times, where the following day of its release, do a
Things have no doubt turned drastically bearish in the past week. Whether the sentiment remains is anyone’s guess. However, it doesn’t hurt to begin preparing for what could be a major correction. I mean let’s face it, it is not like we are in the best of economic environments right now, so there is no
Like kids in a toy store, we traders are constantly looking for the latest and greatest stock to trade in. With Christmas right around the corner, we look at retail stocks to see which ones will benefit the most off of Christmas shopping that is to ensue after Thanksgiving up until Christmas eve. December, historically,
Busy day for me today as I greatly reduced my short positions in my portfolio. I have to say that the past two days have been somewhat disappointing for me that we haven’t got as much action out of the market to the downside as I had hoped for. And both days have had intraday
Good Morning and welcome to the start of a new month – it’s amazing how fast this year has gone by and that we are now into the Christmas season (from a retail standpoint at least) – before we know it we’ll be knocked out on the couch, having stuffed ourselves on turkey and mash
Markets are looking pretty sluggish out there today. Overnight we saw pretty significant declines from the Asian markets with losses ranging between 1.4% and 1.8%. The European markets aren’t fairing much better down about 1.2%. Currently US futures sees the Dow down 52 points, while the NASDAQ and S&P are each down 5.75 and 6.5 points respectively. We
Wasn't expecting to short Amazon today (AMZN) but the beautiful bearish harami pattern that has formed over the last two days using candlesticks made it irresistible (the candle pattern resembles a pregnant lady). I got in at the close at 122.04, with a stop-loss just above the highs reached yesterday. This stock is extremely overbought,