Playing the Range

jtomasuloGeneral Comments, Jeff Tomasulo's Blogs13 Comments

I have been a regular contributor to CNBC’s Fast Money since April. While I enjoy doing the show and sharing my nuggets of wisdom, the format does not really allow me to fully explain my trading setups and thought process. Often, I only get a few seconds to explain a trade, that, if I was sitting down with someone one … Read More

I Am a Technical Trader

barlingtonJeff Tomasulo's BlogsLeave a Comment

This afternoon on CNBC’s Fast Money Halftime Report, Dennis Gartman (producer of the respected The Gartman Letter and former futures analyst for A.G. & Becker) and I seemed to dissent about how to play GS.  We didn’t.  Let’s discuss. About a week ago, I advocated shorting GS at 150 with a stop at 151.17 and a target of 140. For … Read More

A Technical Lesson from JToma

ajamesGeneral Comments, Jeff Tomasulo's Blogs3 Comments

News of lower than expected jobless claims resulted in a quick pre-market spike then sell-off in SPY today. However, on the open it rallied and proceeded to break through the 95.50 resistance level (peaking at 96.11) in the early afternoon. As the end of the trading session neared, sentiment reversed and SPY sold off hard into the close, finishing at … Read More