Stock Trade Team

Futures down this morning as world markets hold their breath on bad US unemployment data. Factory Orders data come out at 10 so we’ll see which way it pushes the markets today. Could we see some bearish fireworks today? Everything looks pretty bearish this morning and it looks like volume is also on the bear’s side so far this morning. With the long weekend be very careful trading today. On that note here’s what we’re watching today:

ELN- Yeah I know the markets look like they’re going to tank, but this is the only one trading up in premarket on what seems like pretty big news for this company. Not sure how much the overall bearish sentiment will hold this one down but it’s worth a look.

TZA, ERY and the other ultra shorts. With the futures looking this grim you gotta look at these as the best way to leverage something without trying to have to locate individual stocks to short. This is one big reason we like the ultrashorts for daytrades.

Have a great and SAFE 4th of July weekend! BTW, here’s something to check out for this weekend especially in these uncertain times…. call2fall.com

Sorry we haven’t posted the last few days, been a bit busy. With the markets observing the 4th of July on Friday tomorrow might see continued thin action. That doesn’t mean there’s not a trade to be found though! Anyway one stock we’re watching for a potential bounce is PCS. They were added to the S&P a few days ago and have sputtered since. However we do think if it goes back above 12.70 with some volume we could see a potentially nice move up back to the 14’s if not higher. Although if it breaks back down below 12.35 we could be heading even lower. But with the addition to the S&P it could be worth a shot up as long as the markets don’t collapse this summer.

We’ll try to post in the morning. We’re working on things to get even better setups. If you’re interested in us possibly trading for you let us know. We can negotiate the details.
TRADE SMART!

Futures were lower this morning. Wow, didn’t see this coming though. We had unemployment numbers come out worse than expected and we were close to a 200pt+ day on the S&P. Most traders we talked to today can’t really make sense of today’s “rally” either as the markets continue to climb on lower volume. Volume is usually a leading indicator, but don’t be fooled into thinking it’s the only thing to go by for direction. Everyday traders could have still made a lot of money following the trend and just keeping an eye on the volume. We’re not sure if and how the economy may recover, but the stock market is still continuing somewhat of a trend. When the selling volume comes in though watch out. We’re putting SPY on our watch list here for the next few days looking for a break below 91.20 and then watching 89.90 if it gets that low in the near term. When it does start getting to those levels we’ll look to use SDS as the short side play as it’ll be more readily available to ride some of the downside action. And if you just want to track SDS directly we’re looking for a break above 56.60, if it does break above those levels and holds up we’re looking for around 60.50. Good R/R if it breaks that way with a stop under 55. We don’t really want to swing too much but if we see a move like that we think the downside will see at least a few days to get to that target. We’ll be back tomorrow.

Trade Smart!

Futures were up this monring and so fat have continued the run to the upside. Anything can happen this afternoon with the Fed most likely holding rates steady. Just be ready whichever the street decides to move it. Just be ready to move quick!

Today we’re watching the indexes and were also watching ORCL, MGM, and RIMM. All so far have seen pretty good volatility. Ok back to it! Trade Smart!

Futures opened way lower this morning. World bank came out with some ugly news and the selling began and pretty much continued through the day. We were watching/trading MEDX as it has some pretty good news about the potential of their drug, but it was pretty choppy today. Gave up a lot of it’s gap up gains but we didn’t get beat up too bad with it. DUG showing the upside push as it broke above that $18 price and with oil supposedly coming back down this one wants to run. If you got in on that 18 break and are still holding, be sure to not get greedy and move your stop up to make sure you’re profitable. Or another option is to sell a little of your position to lock in profits. Alright we’ll try to get back into the groove early tomorrow. Trade Smart!

Futures lower this morning. Oil starting to work it’s way back up. We’re watching (DUG) at these levels. If it can get above 18 it looks like it may continue upward to around 21-22 range. There’s a little baby gap at around 17.20’s but if it goes up first it may not be worried about getting filled for some time.

Sallie Mae(SLM) got awarded some Gov’t Contracts, seems like this is this sector’s version of a Gov’t bailout. Anyway, one to watch as this stock had a pop earlier this month.

If we spot anything else we’ll keep you posted. Oh and remember it’s options expy week so we could see some volatility leading up to tomorrow’s trading.

Trade Smart!

Futures up this morning, but things looking a little tired or at least like they need a breather.  Here’s what we’re watching:

DLM, ESLR

Sorry for the brief post, got a lot to do today.

Trade smart!

Futures are up this morning and we’re looking at two sectors in particular this morning. We’re watching the Shipping and Aluminum stocks. Looks like DRYS and FRO are on the watch list. Also ACH and CENX look like possible runners. Markets are gapping pretty high this morning so just be careful not to catch a peak. Better to try and buy a dip on these today.

We’ll try to keep you posted on things. Trade Smart!

Just wanted to give you guys a quick update. I think we’ve worked out the bugs and have things working with the servers again. We’re going to be in Chicago for meetings, but we’ll try to post when we can. Hope everyone has a great weekend and we’ll be up and ready to roll again on Monday!

Have a GREAT WEEKEND AND TRADE SMART!

Futures up this morning.  Looks like the street is shrugging off the continuing reports of the swine flu in Mexico and possible spreading.  Funny how it can make big headlines one day and be the “cause” of the selling.  I wonder how much financial reporters get paid to put some panic in.  Anyway…

What we’re watching:

YGE if it stays above 7.80 we like it long.

ACH and GNA could be movers as well.  Better get ready, Trade Smart!