SPY - 1D CDL SMA (HT) - 2015-05-01

SPY Failed Breakout, Bulls Hold the Edge

S&P 500 SPDRs (SPY) closed the week slightly down after a failed breakout to new highs. SPY stair-stepped down with two white candles Tuesday and Wednesday before the bulls finally relented Thursday allowing SPY to test the daily 20. However, bulls stepped in late in the day and continued Friday to push SPY back to near price resistance int he low $211's. … [Continue Reading...]

IWM - 1D CDL SMA (HT) - 2015-05-01

Small Caps Break Six Month Uptrend

IWM failed on a performance breakout last week and that in itself was a sign something was wrong. The small caps ETF failed to make new highs as SPY and QQQ did. This lower high was confirmed with significant follow through this past Thursday and IWM has now broken a six-month uptrend.  … [Continue Reading...]

PowerShares QQQ Trust (QQQ) - 1D CDL SMA (ht) - 2015-05-01

PowerShares Trust (QQQ) Holds Critical Support Levels

PowerShares QQQ Trust (QQQ) held up rather well this past week despite a failed breakout. The main support levels to watch are left in tact though QQQ is getting squeezed between these and a strong move should be expected at some point within the next few weeks. The recent failed breakout makes it more probably that eventual direction will lead to a decent pullback.  … [Continue Reading...]

ProShares Ultra DJ-UBBS Crude Oil ETF (UCO) (HT) - 1D CDL SMA - 2015-05-01

Bullish Energy Using ERX (Direxion Daily Energy Bull 3x Shares) and UCO (ProShares Ultra DJ-UBS Crude Oil)

Energy performance in the market has been turning back up as we've seen in numerous oil plays along with rising crude prices. These plays provide excellent entry points provided we can clear the recent resistance hurdles. I'll highlight two ETF's in paritcular I'll be looking for swing trades. … [Continue Reading...]

3M Company (MMM) - 1D CDL SMA (ht) - 2015-05-01

3M Co (MMM) Bearish, Could Lead Broader Market Pullback

3M Company (MMM) is hanging to what I think is very crucial support and should this support collapse it could pull the company back -8%. MMM is correlated very close with the broader market so if a pullback is imminent I expect MMM to lead the way.  … [Continue Reading...]

FXI - 1D CDL SMA - 2015-04-10

Explosive Strength in China Technology and Internet

Over recent days FXI, the iShares FTSE China 25 Index gapped up over previous resistance to new highs, gaining 11% in seven sessions. This explosion is, in large part, due to the Chinese technology sector that has also seen significant growth. Let's take a look at some ETFs and Funds see if we can find any opportunities. … [Continue Reading...]

EEM - 1D CDL SMA (HT) - 2015-04-10

Emerging Markets Digest Nice Gains

Emerging Markets (EEM) paused Friday after rallying much of the week for 6% gains. This came on the breakout above six-month highs. EEM can run another 5% before it may have issues. But the longer-term picture isn't quite rosey. … [Continue Reading...]

Good Trades

DDD - 1D CDL SMA HT - 2015-04-14

Long 3D Systems Corp (DDD), $30.5 Apr 17 Calls

3D Systems Corp (DDD) is at it again, pushing against a descending 100MA. DDD has been basing for some time now and we’re starting to see some signs of a rounding bottom coming into play. I don’t think we’ll be able to confirm that until we close the huge October, 2014 gap up to $44. […]

Bad Trades

Anthera Pharmaceuticals, Inc., Mar. 17, 2015

How to Make a Bad Trade

Last night, ANTH popped up on one of my scans and I found the heavy selling candle interesting for a number of reasons. One, the MA alignment was very bullish while ANTH closed on the lower band. I like these patterns but only when I see follow through. So, this morning, ANTH gapped up which […]

Trade Plans

TWTR - 2015-04-28 Bull Ratio Spread Parity Graph

Twitter (TWTR) – Risking $295 to Profit +130% with a Bull Call Spread Ratio

Twitter (TWTR) reports earnings after hours today. The ITM straddles currently suggest a 10.5% move up or down. By comparison, Apple’s (AAPL) expected move yesterday was around 5%.  I’m taking a look at past performance to see if we can find an edge and, if so, what is it? TWTR has been on a moderate […]

ATVI - 1D CDL SMA HT - 2015-04-20

Trading the Double Bottom in Activision Blizzard (ATVI) for Possible Double Digit Gains

Activision Blizzard, Inc (ATVI) popped up in one of my lists and I couldn’t help but notice a massive double-bottom that had formed from late last year through early this year. That double bottom was confirmed with a breakout on massive volume in February. ATVI ran a bit more before getting into a nearly two-month-long […]

FSLR - 1D CDL SMA HT - 2015-04-15

Long First Solar (FSLR) Weekly Calls Into A Bull Call Spread

First Solar (FSLR) – a very nice momentum stock – had been consolidating since a late February gap up. Prices have held between $59 and $63 and it seemed a breakout was inevitable. While I did not get a chance to write a plan for this site, I did have it in mind and was […]

TLT - 1D CDL SMA HT - 2015-04-14

20+ Year Treasury Bonds (TLT) Indecision

20+ Year Treasury Bonds (TLT) have been consolidating between $129 and $132.50 for nearly a month now and we’re getting to a point where I think we’re going to see an explosive move soon. This move may come this week. The question is which way does it move and for that we need to look […]

DDD - 1D CDL SMA HT - 2015-04-14

Long 3D Systems Corp (DDD), $30.5 Apr 17 Calls

3D Systems Corp (DDD) is at it again, pushing against a descending 100MA. DDD has been basing for some time now and we’re starting to see some signs of a rounding bottom coming into play. I don’t think we’ll be able to confirm that until we close the huge October, 2014 gap up to $44. […]