October 2016
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CLX Trade Setup & Entry

While I've recently been making the case for further downside in the US stock market, including the likelihood of a powerful correction, I always strive to share the most attractive trade setups irrespective of my current positioning or market bias. My reasoning is two-fold: 1) I often trade a long-short portfolio in order to not [...]

Oct 18, 2016 8:55am|Categories: Unofficial Long Ideas|Tags: |1 Comment

US Equity Markets Poised to Gap Into Resistance

As of 8:27am ET, SPY is trading just below this 214.05 R level (circles show the numerous reaction reactions) & therefore, is indicated to gap up into or around resistance. Next R is the yellow TL, then 215.30. QQQ is trading right at the 118.00 R level which has acted as a significant support & [...]

Oct 18, 2016 8:40am|Categories: Equity Market Analysis|Tags: , , , |1 Comment

AMZN: The King of the Momentum Stocks Rolling Over

Exactly 10 days ago, I had predicted in the trading room that the undisputed King of the momentum stocks that has been lifting the leading index, the Nasdaq 100, would drop by over 4% by the end of the following week. While it looks like my timing was off by a few trading sessions, one [...]

Oct 17, 2016 2:12pm|Categories: Equity Market Analysis|Tags: |9 Comments

CWEI Trade Setup

The following notes & charts outline the entry criteria, price targets, suggested stop & position size adjustment for a swing trade in CWEI, Clayton Williams Energy.

Oct 17, 2016 11:25am|Categories: Completed Trades - Short|Tags: |2 Comments

Biotechs, XBI & IBB, Break Support

XBI (SPDR S&P Biotech ETF) has now clearly taken out the 59.87 support level while IBB also broke below key support today. As such, it appears the correction in the biotechs is still well intact. IBB (iShares Nasdaq Biotech ETF) has broken below both the downtrend line & 268.20 support levels. As one of the [...]

Oct 17, 2016 10:06am|Categories: Equity Market Analysis|Tags: , |4 Comments

Pandora Short Trade Gaps Below Support, Final Target Revised

The P (Pandora Media Inc) Active Short Trade has now clearly taken out the 12.80ish support level with today's gap down, sharply increased the odds that T1 will be hit. Also note that with the broad markets still holding above the key "flashpoint" support levels for now, I am revising the final target to the [...]

Oct 17, 2016 9:51am|Categories: Completed Trades - Short|Tags: |0 Comments

US Equity Market “Flashpoints” & Target Levels

Here's a quick snapshot of some of the major US stock indices covered in last night's video. The key support levels that were referred to as potential "flashpoints", key support levels which are likely to spark an impulsive wave of selling if taken out, are highlighted in red. The white horizontal lines below are key [...]

Oct 17, 2016 8:55am|Categories: Equity Market Analysis|Tags: , , , , , , |0 Comments
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