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October 2012

Recs

2

My Watch-List of Short Setups to Watch

October 31, 2012 – Comments (0) | RELATED TICKERS: LULU , D , OHI


Stocks still lacking conviction and direction for swing trading

I have to say, this is not an easy market to trade, which is one reason why I continue to tread lightly these past couple of weeks. There's no sense on putting up heavy positions only for the market to knock them down. But I continue to make plays here and there, because you never know which one is going to catch fire (and I've still had a number of stocks do as much), and when the market might figure itself out and start moving in a definite direction.  [more]

Recs

1

Lazy Trade Long & Short: MCD & ESRX

October 31, 2012 – Comments (0) | RELATED TICKERS: ESRX , MCD

Taking the swing-trade short in ESRX

Often times when I'm searching for the day's lazy trades, I end up making one or both of the trades as I write the post. That has happened once again today by getting short on Express Scripts (ESRX) at $61.51.  [more]

Recs

1

Swing-Trading Molycorp (MCP) Short

October 31, 2012 – Comments (0) | RELATED TICKERS: MCP , AGU , AMZN

Molycorp (MCP) breaking down on the daily chart

I haven't taken a lot of trades lately, and mainly that has been because of the unpredictable nature of this market. On Friday I went long on Amazon.com after it showed incredible buying strength after its earnings sell-off. I sold it today at 236.09 from $231 for a +2% gain.   [more]

Recs

1

Today's Trading: Seeking Normalcy

October 31, 2012 – Comments (0) | RELATED TICKERS: SPY , IWM , QQQ

Pre-market update (updated 8:30am eastern):  [more]

Recs

3

SharePlanner Reversal Indicator: Closing In On Oversold

October 28, 2012 – Comments (0) | RELATED TICKERS: SPY , DIA , QQQ

SharePlanner Reversal Indicator not quite ready for the reversal yet

The last three weeks have been some what tortuous for the bulls. Two of those weeks have been down notably, while the week in-between gave promise early on of a full market recovery, only to be knocked right down and nearly wiping out the week's gains.   [more]

Recs

1

Today's Trading Plan: GDP Providing Support

October 26, 2012 – Comments (0) | RELATED TICKERS: SPY , DIA , QQQ

Pre-market update (updated 8:30am eastern):  [more]

Recs

1

10 Short Trades That You Need To Know About

October 25, 2012 – Comments (0) | RELATED TICKERS: FAST , NTGR , AMX

Some solid swing trades setups to be aware of

I really don't like how this market is behaving. Maybe because where I'm at, we have a hurricane coming right our way, but it sure does seem like we are at the calm before the storm here. Lots and lots of stocks are blowing earnings, and behavior in general with indvidual stocks has been very erratic. So I'm being pretty cautious here.   [more]

Recs

1

A Double Decker Bearish Engulfing Pattern on the SPY

October 25, 2012 – Comments (0) | RELATED TICKERS: SPY

The Most Bearish Engulfing Pattern I've Ever Seen

One of the traders pointed out a very unique pattern in the SPY that was unfolding, and one that I don't remember seeing in recent memory.   [more]

Recs

1

Lazy Swing Trades Long & Short: SHW & PCYC

October 25, 2012 – Comments (0) | RELATED TICKERS: PCYC , SHW

Look for Low Risk Swing-Trading Opportunities

Practically this entire week, I've been very hesitant to get long or short anything. I'm still holding Agrium (AGU) as a long trade, but it has yet to really do anything substantial. As it has always been for the past 2-3 years, shorting stocks has a short time-frame for success, so with us already oversold, and the Fed pumping in $80+ billion a month into the market, it is hard to want to be aggressively short.  [more]

Recs

1

Today's Trading Plan: Bounce at Hand

October 25, 2012 – Comments (0) | RELATED TICKERS: SPY , IWM , QQQ

Pre-market update (updated 8:30am eastern):  [more]

Recs

2

Lazy Swing Trades Long & Short: FBHS & COG

October 24, 2012 – Comments (0) | RELATED TICKERS: COG , FBHS

I've been sitting on the sidelines today, holding off on getting into any new trades. But if you have the itch to do so, I've put together two new trade setups to take advantage of, depending on which side of the fence you are on.   [more]

Recs

1

Trading Plan for October 24, 2012

October 24, 2012 – Comments (0) | RELATED TICKERS: SPY , DIA , QQQ

Pre-market update (updated 8:30am eastern):  [more]

Recs

1

7 Stocks Trade Setups On Unusual High Volume

October 22, 2012 – Comments (0) | RELATED TICKERS: AGU , OPEN , AUO

I'm looking for high volume and trade setups offering ideal swing-trading opportunities

For today's screen, I ran through my volume buzz screen on stocks that are trading on higher than usual volume, not just today, but in recent days, and then identifying those trade setups that offer actual opportunities for swing-trading.   [more]

Recs

1

Urban Outfitters as a Swing Trade Short Setup

October 22, 2012 – Comments (0) | RELATED TICKERS: URBN

Trade in Urban Outfitters (URBN) at $36.32 - Swing Trade

I had a user bring up Urban Outfitters  and after looking at it, I couldn't help myself, so I went ahead and shorted this stock as a swing-trade.   [more]

Recs

1

Lazy Swing Trades Long & Short: PBCT & SAP

October 22, 2012 – Comments (0) | RELATED TICKERS: PBCT , SAP

Swing-Trading isn't all that easy right now

With us stuck in what seems to be a perpetual channel sideways, I figure this market is going to be difficult to trade for the foreseeable future. As a result, I'll probably look to take gains faster, and probably increase my frequency of day-trades as a result.   [more]

Recs

1

Trading Plan for October 22, 2012

October 22, 2012 – Comments (0) | RELATED TICKERS: SPY , DIA , IWM

Pre-market update (updated 9am eastern):  [more]

Recs

2

What Happens if the Presidential Election is a Tie?

October 21, 2012 – Comments (2)

Has there ever been a Presidential Election Tie? And What Happens...

This may seem unfathomable, but presidential elections have ended in a tie before. In fact it has happened twice. The first time with Thomas Jefferson and Aaron Burr in 1800 and the second time ended in a tie with Andrew Jackson over John Quincy Adams in 1824, with Jackson eventually being named President.   [more]

Recs

1

Taking A Bite of Some Strawberry SHORT CAKE

October 19, 2012 – Comments (0) | RELATED TICKERS: CAKE

First trade for me so far today, and it is a short in Cheesecake Factory (CAKE). Typically, when I haven't eaten any breakfast like I have today, I'm looking to get long on anything that is related to food, but with the CAKE setup, you have a very nice bear flag setup, tight risk/stop, and a confirmed break of critical support at $34.   [more]

Recs

1

Trading Plan for October 19, 2012

October 19, 2012 – Comments (0) | RELATED TICKERS: SPY , DIA , IWM

Pre-market update (updated 9am eastern):  [more]

Recs

3

These are the types of people who should never be trading

October 18, 2012 – Comments (0) | RELATED TICKERS: GOOGL

When you get the kind of news today that we got out of Google (GOOG), it often brings an opportunity to be humored a bit by visiting the Yahoo! Message boards on their finance site.   [more]

Recs

1

Expediting a Short Here - Market Failing At Resistance

October 18, 2012 – Comments (0) | RELATED TICKERS: EXPD

This morning, I didn't expect to have any chance at holding my one remaining short in Copart (CPRT). However, Google (GOOG) surprised to the downside, which basically led to a market sell-off across the board, and led to Google's stock being halted for dropping more than 10% right before 1pm est, and has yet to open since.   [more]

Recs

1

Trading Plan for October 18, 2012

October 18, 2012 – Comments (0) | RELATED TICKERS: SPY , DIA , QQQ

Pre-market update (updated 9am eastern):  [more]

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1

Lazy Trade Long & Short: FDX & QQQ

October 17, 2012 – Comments (1) | RELATED TICKERS: FDX , QQQ

It's not very often that I focus in on the ETF's as a trade but the action we are seeing in the Q's (QQQ) is undeniably attractive to the eye.  You have a textbookhead and shoulders pattern followed by a break down and then rise that takes price right back intoresistance.   [more]

Recs

1

Adding a New Short Position in Tetra Technologies (TTI)

October 17, 2012 – Comments (0) | RELATED TICKERS: TTI

This trade comes straight off of yesterday's daily long and short setup, which highlighted this trade. I recommended getting short between $6.01 and $6.10. In my case, I got in at $6.06. So far so good with this trade.   [more]

Recs

1

Trading Plan for October 17, 2012

October 17, 2012 – Comments (0) | RELATED TICKERS: SPY , QQQ , IWM

Pre-market update (updated 9am eastern):  [more]

Recs

2

Lazy Trade Long & Short: MCD & TTI

October 16, 2012 – Comments (0) | RELATED TICKERS: TTI , MCD

Trying to squeeze a few more setups here into the close. I'm Long McDonalds at $94 as described below. I have 2 longs and 3 shorts to end the day. I'm tempted to add TTI as well, but figured I'd wait till tomorrow to see how the market opens.   [more]

Recs

1

This is where you Short into Resistance

October 16, 2012 – Comments (0) | RELATED TICKERS: BLL

I finally took a trade today. There were about six stocks that I was looking at getting short on. They were ETFC, EXPE, OHI, TTI, INVN, and of course the one I just got short in and that is Ball Corp (BLL) at $42.32.   [more]

Recs

2

The Reason Why I Haven't Bought a Single Stock in 2 Days

October 16, 2012 – Comments (1)

You'll notice that I haven't been very active on the buy side so far this week, and that's not by accident, but by predetermined choice. When the market was declining last week, I was gradually adding positions to the portfolio such as AAPL, AET, GWW, LMCA, HAL. For the most part these positions held their own, but I was adding them, because the market was still in a confirmed uptrend, so the idea was to take the weakness as a buying opportunity.   [more]

Recs

1

Trading Plan for October 16, 2012

October 16, 2012 – Comments (0) | RELATED TICKERS: SPY , DIA , IWM

Pre-market update (updated 9am eastern):  [more]

Recs

1

6 Stocks For Swing Trading That Are Gaining Momentum

October 15, 2012 – Comments (0) | RELATED TICKERS: ATW , ISRG , NUS

One thing I love to do when we get multiple days of selling like we saw prior to today, is to run a screen and see what kind of stocks are bucking the trend and rising against a clear wave of selling.   [more]

Recs

1

Lazy Trade Long & Short ACI & GCA

October 15, 2012 – Comments (0) | RELATED TICKERS: ACI , GCA

My approach to today's market is to look to remove some of my long positions from the portfolio before day's end, as I'm a bit pessimistic on the extent of the bounce that we will get out of this market beyond this week. In fact it goes along perfectly with the market simply trying to torch the bears for systematically getting in the market once we broke 1430 on Friday.   [more]

Recs

2

ILMN Providing An Illuminating Setup

October 15, 2012 – Comments (0) | RELATED TICKERS: ILMN

I jumped into Illumina (ILMN) this morning after posting a chart this morning showing the potential for either a breakout/breakdown in the stock. I wasn't sure which way it would play out because price action up until this morning's open had been nicely contained with the 'box'.   [more]

Recs

2

Trading Plan for October 15, 2012

October 15, 2012 – Comments (0) | RELATED TICKERS: SPY , DIA , QQQ

Pre-market update (updated 9am eastern):  [more]

Recs

2

SharePlanner Reversal Indicator: Points Towards More Downside

October 14, 2012 – Comments (0) | RELATED TICKERS: SPY , DIA , QQQ

The market had one of  its worst weeks in quite some time, and I have to admit, it doesn't appear to be looking much better according to the SharePlanner Reversal Indicator, which is pointing to further downside to come in equities.   [more]

Recs

2

My Long Watch List For Swing Trading

October 12, 2012 – Comments (0) | RELATED TICKERS: AAPL , JRCC , FDX

This week, or since the Friday high-to-low sell-off, we've seen probably the most consistent wave of selling that we've seen this entire year. In fact, this week alone, we've pushed back below the 10,20, and 50-day moving average, as well as break the uptrend off of the 6/4 lows AND we are currently trading below the critical 1430 level on the SPX that confirms the double top in place.   [more]

Recs

2

Lazy Trade Long & Short: XLS & ETFC

October 12, 2012 – Comments (0) | RELATED TICKERS: ETFC , XLS

It's shaping up to be a quiet Friday for me. One thing I'm noticing is the rabid bearishness in regional banks today due to the disappointing bank earnings. What's tough for this market today, is that for days now financials have really been the only bright spot in this market, and now it's joining tech and the rest of the sectors to the downside.   [more]

Recs

1

Trading Plan for October 12, 2012

October 12, 2012 – Comments (0) | RELATED TICKERS: SPY , DIA , QQQ

Pre-market update (updated 9am eastern):  [more]

Recs

1

Don't Trade Like Cool-Hand Luke Part 2

October 11, 2012 – Comments (0)

One of the most epic challenges known to man, was when Cool Hand Luke pulled off the unconquerable 50 hard-boiled eggs in one hour. It was something considered impossible to man... but not Cool Hand Luke.   [more]

Recs

1

Lazy Trade Long & Short: HAL & D

October 11, 2012 – Comments (0) | RELATED TICKERS: HAL , D

Halliburton (HAL) setting up nicely to the long side this morning. I took a long position in it at $34.16. Now the question is likely to be asked, why am I still adding long positions at this juncture in the market. For one, we haven't broken down yet, and haven't broken the 1430 SPX key price level that is necessary. Secondly we are still trading in an uptrend channel off of the 6/4 lows, so its hard to load up positions to the short side (though I do hold two positions short).  [more]

Recs

1

Trading Plan for October 11, 2012

October 11, 2012 – Comments (0) | RELATED TICKERS: SPY , IWM , QQQ

Pre-market update (updated 9am eastern):  [more]

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1

Lazy Trade Long & Short: LMCA & CPRT

October 10, 2012 – Comments (0) | RELATED TICKERS: STRZA , CPRT

Today's long and short setups involve two setups that have extreme appeal to them, and offer incredible entry-opportunities.   [more]

Recs

1

Getting It Done with Grainger (GWW) at $210

October 10, 2012 – Comments (0) | RELATED TICKERS: GWW

My first trade of the day takes place in W.W. Grainger (GWW) at $210-flat. I've been watching this stock for a few weeks now for a swing-trade, and recent weakness finally gives me my entry on this stock.   [more]

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1

Trading Plan for October 10, 2012

October 10, 2012 – Comments (0) | RELATED TICKERS: SPY , QQQ , IWM

Pre-market update (updated 8:30am eastern):  [more]

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1

My List of Shorts I'm Watching

October 09, 2012 – Comments (0) | RELATED TICKERS: RAI , OHI , ISIS

I've provided a snap-shot of my watch-list short for this week, should we continue to head lower. In most of these names, I'd like to see a minimal bounce before shorting them, while others are breaking down and you have to act swiftly.   [more]

Recs

8

29 Days Out from an Election and We're Talking About Big Bird!?!

October 09, 2012 – Comments (3)

I guess the American people are just all a bunch of idiots and can be influenced by such condescending political nonsense. I don't mean to get all political here, but I can't help but think about how we are 29 days out from a presidential election, and you have soldiers dying in Afghanistan, a US Diplomat and three other Americans killed inside of a U.S. Embassy, $16,000,000,000,000 in debt, an economy with 14.7% unemployment (U6 employment), Europe going bankrupt, a hostile Iran wanting to blow our closest friend (Israel) off the face of the earth with nuclear weapons, and here we are talking about freakin' BIG BIRD?   [more]

Recs

1

Lazy Trade Long & Short: AET & TMO

October 09, 2012 – Comments (0) | RELATED TICKERS: AET , TMO , AAPL

I have really been hesitant in adding any new positions today to the portfolio. Going short at this point seems like a chaser's mindset, and going long when the VIX is spiking and then consolidating at the highs, doesn't make much sense either.   [more]

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1

Trading Plan for October 9, 2012

October 09, 2012 – Comments (0) | RELATED TICKERS: SPY , DIA , QQQ

Pre-market update (updated 8:30am eastern):  [more]

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1

14 Stocks That Only Go Up & Up

October 08, 2012 – Comments (0) | RELATED TICKERS: ABT , PCYC , BIIB

I run the Stocks That Only Go Up screen about once a month - so it's that time again to find the most dependable, most consistent stocks of all the stocks out there.   [more]

Recs

1

Lazy Trade Long & Short: PNR & INVN

October 08, 2012 – Comments (0) | RELATED TICKERS: PNR , INVN

So far, we haven't seen the bulls invigorate themselves enough to buy this gap down, as has often been the case of late. Nonetheless, the bears seem to misplace their negative feelings for this market by never really capitalizing on the opportunities Mr. Market is trying to give it.   [more]

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1

How Do you Like Them Apples at $637.69 - 5 Reasons to Buy Apple (AAPL) Right Now

October 08, 2012 – Comments (0) | RELATED TICKERS: AAPL

First position I've taken so far this morning and I couldn't help myself. Apple (AAPL) has been getting hammered lately, but I'm finding good reason to get long on it this morning at $637.69.   [more]

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1

Trading Plan for October 8, 2012

October 08, 2012 – Comments (0) | RELATED TICKERS: SPY , IWM , QQQ

Pre-market update (updated 4:30am eastern):  [more]

Recs

2

SharePlanner Reversal Indicator: Crossroads

October 07, 2012 – Comments (0) | RELATED TICKERS: SPY , DIA , QQQ

Overall the market is comfortably inside a rising uptrend/channel on the S&P - particularly when you look at it from the weekly chart. However, even a casual observer can notice the market has not been acting in a healthy manner, and that was most noticeable on Friday when the market gave away an impressive day's worth of gains and actually finished lower on the day.   [more]

Recs

10

Was the Employment Number Fudged?

October 06, 2012 – Comments (10)

Conspiracy theories aside, the employment number we got on Friday morning was quite a head scratcher. On the surface, it took 873,000 people finding employment to lower the unemployment rate from 8.1% to 7.8%. But there was only 114,000 jobs added during the month. Which 1983 aside, was the biggest surge we've seen in decades.   [more]

Recs

1

Lazy Trade Long & Short: NTE & DRC

October 05, 2012 – Comments (0) | RELATED TICKERS: NTE , DRC

Today's Lazy Trades (gotta love today's picture too!) comes with me jumping into NTE at $11.38, which really hasn't been that great of any entry so far as it dipped below that level since getting in. Nonetheless, the stock is seeing insane amounts of volume while trading sideways the past few months.   [more]

Recs

1

Getting My Hands Clean With Coal: JRCC

October 05, 2012 – Comments (0) | RELATED TICKERS: JRCC

One trade so far today for me, and it's another day-trade, this time in James River Coal Company (JRCC). It's a low-dollar stock, but with the Mitt Romney's comments in Wednesday's debate about the coal industry, pushed the stock 11% higher yesterday.   [more]

Recs

1

Trading Plan for October 5, 2012

October 05, 2012 – Comments (0) | RELATED TICKERS: SPY , QQQ , IWM

Pre-market update (updated 4:30am eastern):  [more]

Recs

1

Day-Trade Setup in BGCP I Took - Sold ATRS for a Small Gainer

October 04, 2012 – Comments (0) | RELATED TICKERS: BGCP , ATRS

I have to say, I don't feel like I'm trading with much conviction today. I got into Antares Pharma (ATRS) hoping to benefit from a bounce at $4.00 and while I got a bounce, it just seemed rather ordinary and not anything really meaningful. So I got out at $4.03 for a 0.75% gain.   [more]

Recs

1

If You Are Looking To Go Long - Here's a Good List to Work WIth

October 04, 2012 – Comments (0) | RELATED TICKERS: SUN , PNR , SRPT

So far the market is trading somewhat near its highs of the day. I wouldn't say that the market is trading in an overly convincing bullish manner, but it is up five out of the last six days.   [more]

Recs

1

Lazy Trade Long & Short: ATRS & TTI

October 04, 2012 – Comments (0) | RELATED TICKERS: ATRS , TTI

Both of these trades are ripe for the picking. The first, Antares Pharma (ATRS) gapped down yesterday but did so on a major upward trend line and held its own. Today its continuing to do the same.,  [more]

Recs

1

Lazy Trade Long & Short: WTSLA & GCA

October 03, 2012 – Comments (0) | RELATED TICKERS: WTSL , GCA

It's not often that I come across a five-letter symbol worth going long or short in, but WTSLA as a low-dollar stock, is setting up nicely to the upside for a breakout. The range to get in is between $3.26 and $3.33. I'd put the stop though at $3.12 which will keep risk at bay.   [more]

Recs

2

Big Move On The Horizon - Guess As To Which Direction?

October 03, 2012 – Comments (2) | RELATED TICKERS: SPY

I don't do a lot of mid-day posts to highlight market behavior, but we were on a very nice uptrend on the day when we got the sudden 5 point move in the S&P without cause in just a matter of seconds/minutes. But there is a chart that we should be watching and that is the SPY 30-minute which shows an incredible triangle that is signaling reversals like clock-work.    [more]

Recs

1

Here We Go: Sears Holding - Take Two

October 03, 2012 – Comments (0) | RELATED TICKERS: SHLD

Last time around, this trade on Sears Holding (SHLD) didn't work too well. This time around, I'm taking a different approach to this trade. Instead of buying on the breakout which is what I did before and got burned on the head-fake it did, I'm buying on the pullback to lower channel of the uptrend.   [more]

Recs

1

15 Defensive Stocks You Should Know

October 02, 2012 – Comments (0) | RELATED TICKERS: AMZN , NVS , VZ

This stock market in recent weeks has no doubt scared some bulls and a lot of traders are really tentative about adding new positions to their portfolio. So that sent me on a quest to find those stocks that, despite the recent weakness we've been seeing in general, is managing to still trade near its recent highs and has the ability to move higher in the days and weeks ahead.   [more]

Recs

1

Trading Plan for October 2, 2012

October 02, 2012 – Comments (0) | RELATED TICKERS: SPY , IWM , QQQ

Pre-market update (updated 8:30am eastern):  [more]

Recs

9

Don't Trade Like Cool-Hand Luke Part 1

October 01, 2012 – Comments (0)

One of the aspects of trading that I've learned, is that it goes counter-intuitive to everything that society admires and holds dear.   [more]

Recs

1

Shorting Active Network (ACTV) for Additional Hedging

October 01, 2012 – Comments (0) | RELATED TICKERS: ACTV , AAPL , INVN

There's no doubt we are getting a nice push higher today in the market and we may finish higher yet, but there are some concerns under the surface that is frightening me some - namely the strength in the VIX, which has been hovering in positive territory, despite the market strength.   [more]

Recs

1

Lazy Trade Long & Short: GFA & ISIS

October 01, 2012 – Comments (0) | RELATED TICKERS: GFA , ISIS

One new trade to report today and that is in Gafisa (GFA) - a stock that I'm pretty sure I've never traded in before, but is coiling nicely near the highs of its current price action.  [more]

Recs

1

Trading Plan for October 1, 2012

October 01, 2012 – Comments (0) | RELATED TICKERS: SPY , DIA , QQQ

Pre-market update (updated 8:30am eastern):  [more]

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