November 2012
November 21, 2012 –
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RELATED TICKERS: QQQ
, IWM
, DIA
Reversal Indicator technicals shows the potential for a sustained bounce
I've been skeptical of this week's bounce believing that much of it has to do with the historic bullishness of Thanksgiving week, amid a very oversold market desperate to bounce, but we are showing on the SharePlanner Reversal Indicator below, a glaring signal for a continued move to the upside. [more]
November 15, 2012 –
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RELATED TICKERS: KORS
, TIF
, SHW
Targeting stocks that will be ripe to short after the market bounce
At this point, when compiling my short watch-list, I'm not looking for setups that are good for "right-this-moment' though there are some in this list, instead, what I'm looking for is a post-market-bounce list of short setups. Most of the desirable short plays out there have already made their move - i.e. the easy money has been made. [more]
November 15, 2012 –
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RELATED TICKERS: SPY
, DIA
, QQQ
Pre-market update (updated 9:00am eastern): [more]
November 14, 2012 –
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RELATED TICKERS: DKS
, TDS
, LULU
Portfolio update on existing long and short positions
I've been active today primarily covering a couple of my short positions. The first was in Invensense (INVN) at $10.79 for a 4.6% gain. The other one (unfortunately) was in Lululemon at $68 when I was uncomfortable with the coiling price action occurring during the President's speech he was giving to the press. [more]
November 14, 2012 –
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RELATED TICKERS: CLNE
Clean Energy Fuels (CLNE) Offering a Favorable Risk/Reward Setup
I've taken a short trade in CLNE at $12.88. The stock has a higher level of risk from the stand point of holding it overnight, as it has had the tendency to gap some of late. However, this stock is running slap-dab right into resistance at around the $13 level as you can see below. My stop is at 13.45 which gives me about 4% for a stop-loss, which is about the max I'm willing to go. [more]
November 14, 2012 –
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RELATED TICKERS: SPY
, QQQ
, DIA
SharePlanner Reversal Indicator - close but no cigar!
Last four days have proved frustrating for the bulls and bears a like, as we continue to see rapid sell-offs, bounces, and intra-day reversals throughout the day. [more]
November 14, 2012 –
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RELATED TICKERS: SPY
, QQQ
, DIA
Pre-market update (updated 8:00am eastern): [more]
November 13, 2012 –
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RELATED TICKERS: MLNX
I won't talk to much here, but I did add Mellanox Technologies as a long play to the portfolio, bringing my portfolio total to 5 short plays and 1 long play. Mainly MLNX is used to hedge some against my existing long positions, in the case I am wrong about the market's direction going forward (which happens to be bearish). [more]
November 13, 2012 –
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RELATED TICKERS: TIF
, HOLX
Double shorts today in the Lazy Trades. I scoured the universe near and far, and just couldn't find any setups to my liking that provided a nice edge as a swing-trade. Therefore, I'm coming at you with a double dose of the short setups today . [more]
November 13, 2012 –
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RELATED TICKERS: DTE
, WLP
, PNW
Stocks Ready To Bounce: Namely Utilities & Insurance
There's no doubt that this market is oversold on multiple time frames, namely the 30min, daily, and weekly charts. We've also tried to bounce the last two days, and have failed. Today, despite the lower open, the bulls ran out of the gate to fill the gap and march this market higher. So far it has rallied 17 points off of the SPX morning lows. [more]
November 13, 2012 –
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RELATED TICKERS: SPY
, IWM
, QQQ
Pre-market update (updated 8:00am eastern): [more]
November 12, 2012 –
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RELATED TICKERS: SPY
, DIA
, QQQ
Pre-market update (updated 1:00am eastern): [more]
November 09, 2012 –
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RELATED TICKERS: FSLR
, INVN
Lazy Trades Long & Short Swing Trades To Consider [more]
November 09, 2012 –
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RELATED TICKERS: SPY
, DIA
, QQQ
Pre-market update (updated 8:30am eastern): [more]
November 08, 2012 –
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RELATED TICKERS: AAPL
, MSFT
The Changes Taking Place with Apple (AAPL)
Outside of the impact the election has had on the markets since President Obama was declared the winner of Tuesday's presidential race, Apple (AAPL) has, no doubt, been the biggest story. [more]
November 08, 2012 –
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RELATED TICKERS: LULU
Short Lululemon at $70.00 with a Stop at $72.63
So far I've made one trade on the day and that is in Lululemon (LULU). So now I have a grand total of "2" short positions which includes SodaStream (SODA). I'm also stalking once again CheeseCake Factory (CAKE) in hopes of jumping in around $33.30 or so. [more]
November 08, 2012 –
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RELATED TICKERS: SPY
, IWM
, QQQ
Pre-market update (updated 8:30am eastern): [more]
November 07, 2012 –
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RELATED TICKERS: AXLL
, SODA
A difficult session to trade today
Today I have yet to make a single trade. Not because I'm not a willing to participate, but because when the market gaps down like it did today, from a swing-trading stand point, it makes it very difficult to get short the market without chasing the market, and with confirming bearish patterns on the SPX confirming at this point (who knows what the close will bring) I'm not really all that crazy about getting long on anything. [more]
November 07, 2012 –
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RELATED TICKERS: SPY
, DIA
, QQQ
Pre-market update (updated 8:00am eastern): [more]
November 06, 2012 –
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RELATED TICKERS: KIRK
, HL
, SURG
I'm going to make this post brief, but here's a list of 11 stocks that are showing the signs of wilting under pressure. These stocks are setting up nicely technically and also appear to see a good chunk of institutional selling. [more]
November 06, 2012 –
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RELATED TICKERS: SPY
, IWM
, QQQ
Pre-market update (updated 8:00am eastern): [more]
November 05, 2012 –
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RELATED TICKERS: EQIX
, JRCC
Swing Trading Strategies Long & Short
It is so easy to want to sit on the sidelines today and tomorrow and avoid the trading all together until a President is elected and all this hysteria has come and gone. [more]
November 05, 2012 –
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RELATED TICKERS: CAKE
I will often stress the importance of trading off of multiple time frames. Typically, if I can get a short-setup to line up on the 5 minute and daily charts that is usually a setup that I won't hesitate to take. [more]
November 05, 2012 –
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RELATED TICKERS: SPY
, DIA
, QQQ
Pre-market update (updated 8:00am eastern): [more]
November 03, 2012 –
We are on the cusp of one of the closest Presidential elections in our lifetimes and throughout the course of this campaign I've provided a couple of electoral maps that have shown a slight Obama edge creep into a minor Romney lead. However, I believe that this election is breaking favorably now for Gov. Romney and the polling that we are seeing from early voting, including the extensive data that Gallup has provided has shown that what was a +16 point advantage for Obama in 2008 over McCain has turned into a +6 point edge for Romney in the swing states. [more]
November 02, 2012 –
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RELATED TICKERS: SPY
, DIA
, IWM
Pre-market update (updated 8:30am eastern): [more]
November 01, 2012 –
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RELATED TICKERS: AMT
, AWH
, CONN
Focusing on the best of breed stock picks
This is by far my most popular stock scan, and it represents the creme-of-the-crop in the stock market. It is those stocks that buck the market trend at all costs. [more]
November 01, 2012 –
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RELATED TICKERS: SPY
, QQQ
, DIA
Pre-market update (updated 8:30am eastern): [more]