Morning Line-Up: Trading Plan For Today April 21

This is the opening summary of the Premium Members Morning Line-Up Newsletter that I publish daily, along with the Mid-Day Update and the Martini-Hour Thoughts.  The actual newsletter includes much more detail, such as exact trade setups with entry points, stops and limits, and tons more.   Morning Line-Up                           Thursday, April 21                                                                       Good […]

Vmware (VMW) Still Looking To Rock At Higher Levels?

Before I get started, let me say that even though VMW looks good here for a long, I do think it came a little too quick too fast.  As such I would l am looking for a little pullback to somewhere around $84-$85, where I will consider buying some for a bucket 2 trade.   […]

Taking First Profits On VMWARE (VMW) Short

Last week I highlighted the extremely bearish day and candle from June 1st in VMW.  Read last week's entire analysis here: http://steadytrader.wpengine.com/short-side-opportunity-in-vmware-vmw/ The long tail and intraday failure at a new 52 week high gave us a setup for a high probability short-side opportunity.  Fast forward to today, and VMW has followed-through to the downside where […]

Vmware (VMW) Is Displaying Weakness Worth Noting

Please note the head and shoulders pattern in VMW. the stock was a rally leader last year and currently sits just on top of the 200 day moving average, which makes a short somewhat more tricky.   A meaningful pierce through the 200 dma would make a short more attractive. More importantly however to note […]

Short-Side Opportunity in VMWARE (VMW)?

VMWARE has become traders' favorite momentum name over the past twelve months or so, and for good reason – even if few understand what 'cloud computing' really is.  The stock bottomed in late 2008 near $17 and reached a new 52 week high yesterday at $102.74.  In 2011 so far the stock displayed great volatility […]