So far I’m 1 and 1 (.500) trading Redhat (RHT) and now I find myself throwing my red hat back into the ring for another go-around by going long at $57.56. This stock continues to provide excellent setup after excellent...
Read MoreI didn’t do a Lazy Trade posting on Friday (but that doesn’t mean there wasn’t a ton of trading ideas posted) so I didn’t want another day to go by without doing another one. The S&P 500 has done a...
Read More$SPY just broke the 141.54 level. The volume is not that impressive, but so far it is being able to move back and maybe we will re-test the highs of the day. Again we are moving on no real news. I would like to remind everyone...
Read MoreGoing through my screens each morning as I always do, I was becoming a bit discouraged, because I couldn’t find anything really enticing, and then Roundy’s (RNDY) came into my life and made everything a little bit...
Read MorePre-market update (updated 8:30am eastern): European markets are trading 0.6% higher. Asian markets were mixed in their trading. US futures are slightly higher ahead of the bell. Economic reports due out (all times are eastern):...
Read MoreLast week of the months, and $SPY showing some strength ahead of the Jackson Hole meeting. Many still eager to hear any sign from the fed regarding QE3, but this news should fade soon. Last night, China closed on it’s 2009...
Read MoreWEEKLY TECHNICAL REVIEW OF SPX I maintain the long term scenario (Updated on July 9). I maintain the short term scenario that calls for a counter trend wave (B) rebound off the June 4 low. I raise the initial target range for...
Read MoreFurther to my last weekly market update, this week’s update will be a very simple top-down look at the 6 Major Indices and 9 Major Sectors. To keep my analysis simple, I’ll be looking at Friday’s closing price...
Read MoreThe Chart of the Day… From ZeroHedge Quick Glance at the Market Heat Map and Industries Notables: Market got the bounce it needed today. Consumer Goods were stellar AAPL chose to sit out the rally. Read...
Read MoreHere’s 4 Long Setups and just 1 lone short setup to take you into next week. Some of these are ready to be bought now, while others you can wait till next week on. I’ve also put the stop-loss and target on each...
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