What a roller coaaster of a day! And quite the recovery by the S&P to close right on the 1329 price level (okay-it was a hair below it, but that isn’t significant enough for me to consider it as a break of support)....
Read MoreFinally made two late afternoon trades, the first of which is in Expedia (EXPE) at $25.59, and the other in Frontier Communications (FTR) at $8.80. I also managed to get out of the S&P UltraLong 2x (SSO) at $53.60,...
Read MoreCurrent Long Positions (stop-losses in parentheses): NTAP (52.45), PEP (69.75), RSH (15.93), STZ (22.20), CHKP (54.19), SSO (53.35) Current Short Positions (stop-losses in parentheses): None BIAS: 60% Long Economic Reports Due...
Read MoreLast Wednesday (May 11th) we presented you with this article: The line in the sand… It was there we laid out what we would need to see in the market to determine a trend change. We had established that we were in an...
Read MoreHere’s one of your more traditional “Buffett-like” stock screens where I am essentially looking for companies selling well below their book value. The stocks below represent 31 companies that are trading at...
Read MoreSo far, it appears that commodities are trying to bounce today, and taking with them, the market in sympathy. We are definitely due for a sizable bounce in the short-term, and whether or not it is a dead-cat bounce or legitimate...
Read MoreCurrent Long Positions (stop-losses in parentheses): GOOG (528.75), NFLX June 270 Calls, AAPL (342.25), NTAP (52.45), B (24.64), PEP (69.75), APH (55.20), HPQ (40.65), RSH (15.93), STZ (22.20), CHKP (54.19), SSO (53.35) Current...
Read MoreFutures are pointing down, at the moment, but a lot can change between now and the open. Either way, I’ve provided you below with 10 trading setups – 5 of which are to the long side and the other 5 are to the short...
Read MoreS&P Daily Chart (Click to Enlarge): Despite the crazy selling we’ve seen the last two weeks, the bulls managed stay on top of support (1330-1340). A break of this support may lead us to test the 50MA and longer term...
Read MoreCurrent Long Positions (stop-losses in parentheses): GOOG (528.75), NFLX June 270 Calls, AAPL (342.25), NTAP (52.45), B (24.64), PEP (69.75), APH (55.20), HPQ (40.65), RSH (15.93), STZ (22.20), CHKP (54.19) Current Short...
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