Tuesday, September 11, 2012

Bullish Set-ups: FLR, NBL, ROSE, CBD, CRM, IBB, NOV

Watch this breakout, promising sales and eps growth

Breakout on strong volume

Look for an entry on a retest and bounce off of the breakout line

Look for this high base to head higher

Cup and handle formation, looking for a breakout

Biotech is strong, looking for an entry on any bounce

Bull flag formation, looking for a bounce off support
terrific breakout from long consolidation, look to enter on any pullback, high eps and sales growth

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.