Charts and Coffee on August 2nd, 2009 at 5:57 am Central Time

Another week passes and it is still very difficult to determine whether to take a long or a short bias this week. We really have a mixed bag. Generally the setups look quite bullish but everything looks way overbought. The equates to sitting on the sidelines and trading alternative strategies since the market cannot be [...]

Continue reading about Sunday Night Coffee – August 2, 2009

Charts and Coffee on June 21st, 2009 at 8:13 am Central Time

This week I have less general market commentary and more focus on specific stocks. I’m seeing more long opportunities than short opportunities, but I am generally seeing a good balance of both. Many of my ideas from last week are also still valid.

The action in the QQQQs was actually quite helpful last week. I had [...]

Continue reading about Sunday Night Coffee – 6/21/2009

Charts and Coffee on June 13th, 2009 at 6:32 am Central Time

I will keep it short and sweet this morning. I found myself to be especially motivated this morning, so here are some price patterns that might be worth a look.

Looking for a breakout on CLNE to the long side over $10.

Breakout on ABAT at about $4. This one could be a good addition to a [...]

Continue reading about Saturday Morning Price Patterns (CLNE, ABAT, HERO, PCX, PNC)

Disclaimer: This blog does not and is not intended to provide financial advice of any kind. Any commentary used on this page is for purposes of discussion only. You should not construe anything on Charts and Coffee as recommendations to buy or sell securities and you should not construe anything on this page as legal, tax, investment, financial or any other type of advice. Nothing contained on this page constitutes a solicitation, recommendation, promotion, endorsement, encouragement or offer to buy or sell (whether it is securities or otherwise) by Charts and Coffee, its owners, representatives or agents.