Tuesday, August 28, 2012

Bullish Setups: GLD, JDSU, MPC, WPI, KIM

$GLD forming a bull flag or consolidation, either way watch this
$JDSU nice consolidation along the 200ma, this is poised to move higher if this hold support




$KIM in a tight consolidation pattern, could be poised for a breakout and move higher 



$MPC long consolidation, poised for a breakout, watch this one



$WPI holding this support line, potential bull flag formation, looking for this to move higher


Monday, August 20, 2012

Sprint or Verizon? S, VZ


These two charts tell very different stories.

Bearish Story
VZ was once very bullish but 3 recent bearish technical signals indicate this stock might be done moving up.


Bullish Story
S was once a very beaten up stock but has had a monster run possibly because of an iPhone 5 run. 
VZ does not appear to be this lucky so far.






Trade Idea: GME


Game Stop looking to go higher on this breakout on volume.

Saturday, July 28, 2012

Trade Ideas: AMGN, AMZN, AON, BSX, MNST, VRSN

Breakout on heavy vol, looking for a retest of the breakout level to buy.

 Breakout from consolidation on heavy vol
 Breakout from consolidation, heavy vol. Could argue a rounding bottom pattern as well.
Short play, looking to short on any failure near prior support.
Once a high flyer, now has lots of overhead supply. Short play on failure near 70 level.
 Breakout to new high on good vol.

Friday, June 22, 2012

Facebook Bullish Pattern

I may be crazy but I see a cup and handle formation on $FB. Today's volume was almost 2x the 20day average. I am looking for a breakout above 33.75 to confirm this pattern's bullishness.