A Few Stocks Setting Up

Each of these are different types of trades, they are at different levels, but they all share one thing and that is that they are sitting or really, set up.

Some of these have been market bellwethers, some blue chips, momentum stocks etc. There are a lot more of these out there than you'd think.

GOOG

 1 min intraday today looked horrible.

2 min

5 min... GOOG is setting up as migration of the divergence continues.

PCLN

 There was no strength in PCLN's intraday chart today, although I'd think it would try to make it to the gap in yellow.

 PCLN intraday close-up

PCLN 3 min accumulation likely to fill the gap is seeing some ugly signals a lot earlier than I'd expect.

GS

 I mentioned how a head fake move in a rounding top might look and described it as a "Chimney" like one on an igloo, GS is a great example. To Understand why the head fake move is important, there are two links on the members' site that takes you through recognizing, confirming them and using them to your advantage as well as why they exist.

GS 2 min intraday with EOD distribution in to a mini head fake rounding top, the market is fractal, we see these patterns on all timeframes.

 GS 5 min with a nearly complete cycle from accumulation, to mark-up to distribution and next is decline.

There's an intraday high about $1 away, that's an area I'd think GS would gun for if it could, it would likely see stronger distribution in to a move like that making it a better entry for a short position.

The 15 min chart is pretty much beyond repair at this point.

The 2 hour chart is beyond repair in my view and makes GS an attractive short, strategically GS is set, as far as I'm concerned it's just about the tactical entry.

XLF/Financials

 I mentioned XLF several times as having a resistance zone very close, a head fake move above that makes this a much better looking position, again checkout the articles, "Understanding the Head-Fake Move"

AMZN

 This is one we were very patient with because the range was so obvious, we waited for AMZN to break above the range, since it has, the 2 hour chart has shown strong, really incredible distribution making AMZN VERY attractive, even here, but we're always looking for the best tactical positioning.

XOM

This is already (along with many of the others) a position that is open as a longer term core short, Again, the breakout above resistance sets up easy institutional distribution and it's very clear making this a beautiful candidate at the right area.