The market gave us a nice open, but so far has been a huge disappointment since then. The only positive thing that has taken place so far is that it has reclaimed the 50-day moving average, but even that MA has proved to offer...
Read MoreCurrent Long Positions (stop-losses in parentheses): ADBE (33.93), HD (37.16), AMGN (33.93) Current Short Positions (stop-losses in parentheses): None BIAS: 20% Long Economic Reports Due Out (Times are EST): MBA Purchase...
Read MoreSome talk about the double-top that is forming in the S&P of late, and I thought I’d give you my thoughts. There is no doubt that the S&P is having trouble with breaking new highs. But for the Double-top to...
Read MoreI have two new trades this morning that I jumped into with a tight leash, and while I may be swimming up stream here, I have seen plenty of times since the March ’09 recovery lows, where the market begins to break down and...
Read MoreCurrent Long Positions (stop-losses in parentheses): F (15.14), ADBE (33.93) Current Short Positions (stop-losses in parentheses): None BIAS: 10% Long Economic Reports Due Out (Times are EST): ICSC-Goldman Store Sales (7:45am),...
Read MoreI’ve Made one new trade so far today, not including my stop-out in Ford (F) at $15.14. I went long Adobe (ADBE) at $34.40. So far so good, if the market can keep from dropping lower today, the stock should continue to...
Read MoreCurrent Long Positions (stop-losses in parentheses): F (15.14) Current Short Positions (stop-losses in parentheses): None BIAS: 10% Long Economic Reports Due Out (Times are EST): None My Observations and What to Expect: Futures...
Read MoreSD – Sandridge Energy – I had successful trades with SD in the past and it seems ready for another move higher considering the strong trend that it’s on and a pullback nicely to the 10MA. The trigger resistance...
Read MoreIn simple terms, trading is definitely easy.Trading can be accomplished from someone who manages a million dollars using all the latest technology to someone trading off of a laptop with $50 to their name.The simple act of...
Read MoreThe stocks below are showing signs of, or already in the process of, breaking down as the smart money appears to be leaving them in a subtle manner. There are stocks trading at its peak and finally showing some vulnerability,...
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