Tag "trading setups"

An Oil Gusher: How Crude Oil May Have Drilled Out A Bottom

With Crude Oil (WTI) Drilling Lower Almost Everyday, The Market Finally Hit Oil And A Geiser Erupted… I have been looking for a potential bottom in crude oil for a couple weeks now, and it appears we finally have a meaningful low. Prices erupted Thursday and Friday to finish the…

Dow Jones Industrial Average Nearing Critical Resistance Level

Monday was pretty scary for traders. Whether that’s just a trading bottom or a more meaningful bottom, no one knows just yet. But it does appear that the rally out of Monday’s deep decline in the Dow Jones Industrial Average (DJIA) has reached a critical technical resistance level for traders. That…

Russell 2000 Futures: Volatility Creates Fib Swing Trade Setups

Below is a textbook example of a swing trade on the e-Mini Russell 2000 Futures (TF). And the recent volatility helped to create some big opportunities with my Fibonacci method. Let’s go back to last Wednesday. The target/support price area was 1185.6. Price dropped 4 ticks under that level and then…

Trading Setups: 5 Stocks To Watch (AMAG, CHGG, OZRK, SCSS, ULTA)

Another day, another surprise in the financial markets. Following yesterday’s fairly broad stock market rally and a strong close under fairly bearish sentiment conditions, I fully expected to see continuation higher today and a push on the S&P 500 through the 2110-2115 level. As often happens, the market did not…

Trading Setups: 5 Stocks To Watch (SLV, ABMD, ZIOP, MDXG, NOC)

Given the broad oversold conditions, today’s bounce should not have been a surprise to anyone. As a result, several short-term trading setups emerged this morning. The S&P 500 bounced right off its 200 day moving average (dma) and ended the day in the 2090-2100 resistance area. The Russell 2000 had…

Trading Ideas: 5 Stocks To Watch (AGN, JAZZ, MNK, ITW, TLT)

The S&P 500 joined the Russell 2000 today and paused to consolidate recent gains giving back roughly -0.4% for the day. The Nasdaq Composite maintained its strength during the regular trading hours and ended the day mostly flat. However, the after-hours session brought several poorly received earnings reports, most notably…