Trade Setups

After finally seeing some signs of life from this market, I decided to go long on NVDA at $15.28. My stop is pretty tight, at $14.78. The setup is no doubt appealing and one worth jumping on with the cup and handle in play and could easily see a move into the $16’s in the

My one and only trade so far today. I did get stopped out of SCSS for a 3.9% loss, which looking back on it, I think was avoidable, and may be video worthy for me everyone to learn from going forward. In any case, below you have my chart mark-ups on Peabody Energy (BTU).  My

It initially broke out and I was late to the party. I fought the urge to chase, and I did a good job at that. Instead I waited for SCSS to come back down to the breakout level of $9.38, which it ultimately did. But my, hindsight 20/20 is a killer, and there was definitely

Long APOL this morning at $39.14 with a stop-loss at $37.66. Huge gap to fill, and it is now finally to breach into that huge vacuum that saw its price sell-off 20% overnight. This is one of the more promising setups that I have see of late.  Here is my chart analysis on APOL.

My one trade so far this morning involving Eastman Chemical (EMN) at $83.04, but my fill came in at 83.03. Solid cup and handle pattern, with strong support riding up the 50-day moving average.  Here’s the chart on EMN.

With a little more weakness than what we are used to of late, you may want to be equipped with some short plays, should this market make a move lower today.  Here are the 6 stocks setting up as potential breakdowns.

Of all the setups in my watchlist and scans this morning, and a few given by my friend Adam over at Bullogic, I’ve got 9 stocks that are really a mixed back of setups – from breakouts, to trendline pullbacks, to major pattern confirmations. Make sure to add these all to you watchlists.  As for

Finally got the fill on Ford Motor (F), which I had been in eye-ballin’ since last week. The cup and hand and its location in the current trend is ideal, and as long as the market holds up, should see a very nice pop in its share price. I’ve currently got my stop-loss at $16.33,

Few breakout plays that I have my eyes on this morning. Amazon.com (AMZN), in particular, is really enticing. RF Micro Devices (RFMD) and Perrigo (PRGO) have a little ways to go still. But all three of them offer intriguing opportunities.  Here’s the breakout charts.

I went long MENT early this morning when it broke above $12.15. It does have the tendency to be a wild one, and quite honestly it is easy to get stopped out prematurely in it, especially at the early morning open. Nonetheless, I couldn’t resist the setup with a high reward opportunity and low risk