There are plenty more, I just want to get a few out there in case we get a quick move.
Many of these have two possible entries.
AMAT would be interesting if it can bounce to the 50-day moving average or even cross it, even if only intraday.
The second scenario in AMAT is a break below the recent lows at the red trendline.
Although a breakout move in BAC would be my favored trade, for now I would keep an eye on BAC moving below the $7.45 level.
DE put in Tweezer support today, a move below that would be bearish.
FXP is a long idea that many members already took and made good money, I would prefer to see a pullback to the 10-day moving average in yellow as an entry point, otherwise, a breakout above the recent highs would be the second option, these are market dependent.
I'd love to see PFE make a break above the bear flag on a head fake move, similar to WMT, if it can't pull that off and the market is weak, then a break below the flag.
RCII is a trade idea several members are already in, it also created a Tweezer bottom support today so a move below today's lows would be 1 possible entry, the other would be a move to the 22 bar moving average, a cross above and back below would be interesting as a set up.
RES is a long term top, I'd like to enter this on a break of $13.80 as it already put in a volatility shakeout.
SJM I closed yesterday for a 15% profit expecting a bounce,
Any move back in to the channel and then a failure back below would be an interesting entry.
Finally WMT looks like it could close above the flag, I'd like to see this, a move back in to the flag would be n interesting entry on a head fake move.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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