Chart Swing Trader

Having A Plethora of Setups Always Worries Me

mac_rmm@chartswingtrader.com (ChartSwingTrader) — Mon, 20 May 2013 02:08:00 +0000

Had a ton of setups in my scans this weekend - too many really. This happens from time to time, and it always is a bit worrisome. Many times, when I have too many setups to choose from, I either inevitably choose the wrong one (or two or three) or the market throws a curveball and takes...

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Ones to Watch for the Upcoming Week

mac_rmm@chartswingtrader.com (ChartSwingTrader) — Mon, 13 May 2013 00:21:00 +0000

Here are some names for early in the week. Market timing signal is bullish but things are still extended and I have the sense that the market could take a dump at a moment's notice so be careful. A one-day shakeout would not surprise me at...

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Some Pullback Plays Setting Up Here

mac_rmm@chartswingtrader.com (ChartSwingTrader) — Fri, 10 May 2013 01:44:00 +0000

The market is still extended a bit here, with today's lower close being the first in five sessions for the Nasdaq, but I saw quite a few nice consolidations in individual stocks tonight in the scans. Many of these have pulled back into previous breakout/support areas that provide low-risk...

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Some Potential Setups for Next Week

mac_rmm@chartswingtrader.com (ChartSwingTrader) — Mon, 29 Apr 2013 01:11:00 +0000

I did not check earnings dates on these names yet so as always, please do your homework. Market is still in a choppy and volatile range as well so it's not like we have an "all clear" sign yet. Be careful. ACAD BLOX HEES LOCK OPTR PCYC RJET RMD SNTA All...

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Why I Haven't Been Writing Much Lately

mac_rmm@chartswingtrader.com (ChartSwingTrader) — Mon, 22 Apr 2013 11:34:00 +0000

Hi traders. I've received a few emails asking about why my posts have become less frequent and figured it was a good idea to let whatever readers are out there know why. It really comes down to two reasons. The first reason is simply because I've been very busy with non-trading...

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Charts of Interest for the Week Ahead for a Frustrating Market

mac_rmm@chartswingtrader.com (ChartSwingTrader) — Mon, 08 Apr 2013 00:41:00 +0000

Gotta be honest traders - I just don't have much interest in trading this particular market right now. Part of that is my trading results have sucked this year so far, even though I have not shorted anything except for a very few, spread-out times. I just cannot get anything going,...

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A Messy But Constructive Week

mac_rmm@chartswingtrader.com (ChartSwingTrader) — Sun, 24 Mar 2013 22:46:00 +0000

After an extremely volatile week where the market gapped up or down each and every day and followed those gaps up with several reversals, we have a slightly shortened holiday week of trading ahead of us that will hopefully present better opportunities to make money than last week's mess did. ...

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Five Leading Stocks - They Will Be the Tell

mac_rmm@chartswingtrader.com (ChartSwingTrader) — Wed, 13 Mar 2013 01:05:00 +0000

The market keeps chugging along and while I still believe that under the surface, trading and making money has been much harder than people want to admit, the overall indices show no signs of putting in any sort of top. I continue to struggle personally as I get stopped out of positions...

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Setting Up for An Interesting Week

mac_rmm@chartswingtrader.com (ChartSwingTrader) — Sun, 03 Mar 2013 23:59:00 +0000

What a week. What a mess. Trading last week was literally all over the place and we pretty much saw everything. Gap ups, gap downs, reversals, late selloffs - you name it, it was present. In terms of swing trading, the chaos made things very difficult, especially coming off...

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First Heavy Selling of 2013 - What Does It Mean Going Forward? Top or Pause?

mac_rmm@chartswingtrader.com (ChartSwingTrader) — Sun, 24 Feb 2013 15:43:00 +0000

Wall Street saw some significant selling this week - by far the strongest of the year - which has put the current rally in question. Will the bulls bounce back quickly like they did in March of 2012 during a similar two-day selloff, or is this time different? That's what traders have to...

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The Grind Continues...Market Outlook and Setups for the Week Ahead

mac_rmm@chartswingtrader.com (ChartSwingTrader) — Mon, 18 Feb 2013 15:22:00 +0000

The grind continues. We saw a choppy and rather boring week last week on Wall Street, as the trend continues of very weak moves on the overall market with a slightly positive bias with a few individual stocks working underneath the surface of the market, but also many more frustrating...

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A Look Back and A Look Ahead - Your Game Plan for the Week

mac_rmm@chartswingtrader.com (ChartSwingTrader) — Sun, 10 Feb 2013 16:40:00 +0000

Last week brought some choppy trade to Wall Street, as stocks gapped down and up at various points before breaking higher on Friday to new highs in the S&P and (almost) new highs on the Nasdaq. When trading gets volatile and choppy like we saw this week, it sometimes is the market's way...

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A Quick Look at the Week Ahead

mac_rmm@chartswingtrader.com (ChartSwingTrader) — Sun, 03 Feb 2013 17:21:00 +0000

Really short on time this week so here are charts I am watching along with the notes I made in TC2000. The new follow feature is great as you can follow any trader that uses TC2000 and see his or her personal notes on charts they are watching on a nightly basis. I do try and make notes...

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Stock Market Outlook for Week Ahead - Questioning Things But Not Fighting It

mac_rmm@chartswingtrader.com (ChartSwingTrader) — Mon, 28 Jan 2013 04:21:00 +0000

Good evening traders. We're looking at a market where the S&P has now closed positive for eight straight sessions. The Dow has closed positive for eleven out of the past twelve sessions. A pullback certainly looks like it should be in the cards, but who knows? This...

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Another Bullish Session, But My Gut is Making Me Cautious

mac_rmm@chartswingtrader.com (ChartSwingTrader) — Wed, 23 Jan 2013 02:50:00 +0000

We saw another positive session today on Wall Street, which makes four out of five sessions for the S&P 500 and eight out of nine sessions for the Dow. There were some nice movers on an individual basis and my overall market score remains positive. I do see a few things that worry...

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More Setups for the Rest of This Week

mac_rmm@chartswingtrader.com (ChartSwingTrader) — Wed, 16 Jan 2013 01:14:00 +0000

Hi traders. Market continues to act a little weird as you have the might one AAPL getting taken to the woodshed but everything else continues to act pretty well. The market has yet to break down below short-term support but at the same time, there seems to be very little explosive...

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Ten Setups for the Trading Week Ahead

mac_rmm@chartswingtrader.com (ChartSwingTrader) — Sun, 13 Jan 2013 23:42:00 +0000

Hi traders. Don't have much to say technically this week about the overall market because my views might be skewed by my luck for the first full week of trading in 2013. I've been long throughout, even on margin here and there, and just can't seem to get any winners. The charts I...

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So Far, A "Perfect" Pullback...Hopefully Not Too "Perfect"

mac_rmm@chartswingtrader.com (ChartSwingTrader) — Wed, 09 Jan 2013 01:33:00 +0000

After the great action from the first week of 2013, I along with many others was hoping for a nice, calm pullback that would allow the market to digest those big gains and also allow more individual setups to develop. When I took a look at the charts of the indexes after today's...

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Stock Market Outlook for Week Ahead and 12 Potential Setups

mac_rmm@chartswingtrader.com (ChartSwingTrader) — Sun, 06 Jan 2013 17:33:00 +0000

2013 has certainly started out bullishly on Wall Street, as the market put in two out of three strong sessions and many individual stocks are acting well. Does the market continue higher this week or is a pullback in the cards? Let's look at the indexes first. The Nasdaq is lagging...

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Bullish As Bullish Can Be - Now It's Time for Digestion

mac_rmm@chartswingtrader.com (ChartSwingTrader) — Wed, 02 Jan 2013 22:12:00 +0000

My gut was telling me that the market was setting itself up for a "sell the news" event with the massive gap we saw this morning, but that certainly wasn't the case today. The action was about as bullish as you can get, with stocks giving very little back off of the gap intraday and actually...

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Thirteen Top Charts for the Start of 2013

mac_rmm@chartswingtrader.com (ChartSwingTrader) — Tue, 01 Jan 2013 19:46:00 +0000

Well, it looks like we got a partial solution to the big "fiscal cliff" from Congress, so tomorrow's first day of trading for the new year should be interesting. From what I've read, all Congress really has done so far is kick the can down the road until the spring, which is not surprising at...

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Shutting It Down for 2012

mac_rmm@chartswingtrader.com (ChartSwingTrader) — Mon, 31 Dec 2012 14:37:00 +0000

So the fiscal cliff is still out there, and the market remains completely at the whim of every single headline, rumor, or comment made by any of the idiots involved in this mess. With one day of trading left in 2012, it's enough for me to take the day off and call it a year. I...

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Christmas Week Setups

mac_rmm@chartswingtrader.com (ChartSwingTrader) — Mon, 24 Dec 2012 01:17:00 +0000

Some crazy stuff Thursday night on Wall Street with the huge drop in futures and a lot of fear on Twitter and Stock Twits, but really, it didn't turn out that bad. I was a little worried as I was fully invested going into Friday and expected the worst, and while my account was down, I thought...

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Stock Market Outlook - Choppy, Frustrating Market Continues - 12/16/12

mac_rmm@chartswingtrader.com (ChartSwingTrader) — Mon, 17 Dec 2012 03:47:00 +0000

I talked last week that the market was basically in a holding pattern waiting for a move one way or the other from the range it had built for very late November and the first two weeks of December. That range was easiest seen on the Russell 2000, but was noticeable on the Nasdaq and S&P...

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Messy Market, So Keep It Simple

mac_rmm@chartswingtrader.com (ChartSwingTrader) — Mon, 10 Dec 2012 02:34:00 +0000

As I went through my scans tonight, I saw a ton of charts that I would best describe as being "messy". Very few discernible patterns (bullish or bearish) out there. This makes sense when you look at how the market is trading right now. Last week was plain weird. ...

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