Details for today’s list will be covered in the live coaching session today
Long Focus:
I’m reluctant to chase extended energy plays without seeing intra-day action.
There are a few energy names that have not moved if they show strength …
Long Focus:
HLF: Earnings play
NBL: Trade on strength
CHK: Trade on strength or weakness
COP: Trade on strength or weakness
DV: Trade on strength
TSL: Trade on strength
Other interesting long charts: INTU, URBN, APC, SLB, CAT, XLE, CVX, …
Market Comments:
Unrest in Middle East is pulling markets down and pushing oil and gold up. The market is gapping from above the pivot high to below the pivot low. As a result my plan is to list some long …
Market Notes: Option expiration is today and the markets are closed on Monday so I will not expect to trade much beyond noon today.
Long Focus:
APC: Big volume daily breakout.
- Trade OR Breakouts over FTP 80.16
- Trade …
Market Comments: Lots of strong and extended patterns. It’s hard to pick a few to focus on. I picked stock closer to inflection points.
Long Focus:
BTU: Breaking out of a tight two days, and 2 months of consolidation and …
Market Comments: Two days of consolidation at a high level could create opportunities long and short. I’d prefer breakouts near daily inflection points as opposed to those in stocks that have not rested. We should be very cautious with shorts.…
Market comments: Notice that I have chosen stocks from different groups and in the "more" list grouped them by group. The market has had a nice run. It's time to be careful.
Long Focus
X: Gapping on an upgrade which …
Focus List
CCJ: Reported earnings this morning. Due to the consolidation pattern on the daily chart it is worth watching for a 5-min OR breakout if it gaps over the prior 2 days highs, 42.70. Key Resistance levels are daily …
Market Watch: Three to four days of consolidation on the 60 min charts creates situation where markets could break either way for the day trader, or create more chop. But daily trends in most stocks are still very strong to …
Earnings have created a few noteworthy gaps that the market will deal with on the open. CSCO gapping down big and WFMI gapping up big.
Long Focus
KSU: Good performance yesterday and has bullish flag pattern on daily
- Trade …