SPY Approaching Resistance, Market Update

SPY is once again approaching the mid-point of the multi-month trading range (purple line around 217) which has acted as resistance when tested from below & support when tested from above. While going long or short any broad market ETFs or their individual components for anything other than a quick 1-2 day trade still runs an elevated risk of the trade failing due to the choppy, sideways range the market has been trading in lately, I will say that a short entry just below 117 with a stop on a 60-minute close above 217.70 is certainly objective & offers an attractive [...]

2017-03-08T21:19:28+00:00 Sep 30, 2016 12:54pm|Categories: Equity Market Analysis|Tags: , , , |6 Comments

Trade Ideas part 1 (video)

This video covers the charts of about half the stocks currently on my watch-list as potential long and short trading opportunities. The video begins very brief overview of the broad market as well as the breakout above the triangle pattern that was highlighted yesterday on the USO 60-minute chart. Following the USO commentary, the following trade ideas are discussed in this order: COP, SEDG, CSIQ, LL, BAS, PIR, TSRO, ELLI, CNAB, AXAS, ACPW, ASPS, PLCE, MNKD, BITA, YELP,CVSI, SHOS, SMH, BBW & ALDR There were some issues with loading the charts during the video which turns out was due to [...]

2017-03-08T21:19:28+00:00 Sep 29, 2016 2:32pm|Categories: Unofficial Long Ideas, Unofficial Short Ideas|Tags: , , , , , , , , , , , , , , , , , , , , , , , |2 Comments