Big volume breakout set-ups….
Tuesday, January 7, 2014
Friday, December 20, 2013
Here is a look at a futures trade on the /ES that I did this week. I caught a nice move after the Fed announcement. Very tricky to trade as it headed in sharply downward minutes after the announcement. Buyers immediately stepped in and pushed the SPX higher. I waited until the second 5min candle I got confirmation of the upward direction before I stepped in. I could have gotten in earlier but I feared a choppy reversal. This worked out for a nice 64 tick move. I set my target for 1800, which it continued on about 4 more pts. I'll never get it all but am learning to be happy with most of it.
Monday, December 9, 2013
Thursday, November 14, 2013
Stocks to watch:
|Stock is basing looking for breakout on volume.|
|Nat Gas stock is strong and coming out of a volatility squeeze. Poised to move higher|
|Descending wedge is looking bullish for a breakout|
|Nice uptrend looking for a breakout.|
|cup and handle formation pushing up against resistance|
|financials forming a high base, watch for a breakout and a move higher.|