Trade Setups

Here is a list of some of the stocks that I am currently watching as breakout plays in this market. If the market can push ahead, these stocks should do incredibly well.  Here’s the breakout plays with charts.

We’ve seen some weakness since the open – in fact there has been little incentive from the market to build on the day’s open. Right now, 1227 stands as the support level to watch for. If we break it, and close underneath the price level, I believe it greatly diminishes the euphoria behind this rally

Can’t say I am overly thrilled about where I chose to enter in this trade (hindsight 20/20 is always a stinker), but I still believe the trade is still intact, despite my overzealous nature at times to get in trades earlier than I should. The chart is worth checking out, and perhaps you can benefit

One of my early morning buys was in Baidu (BIDU), which gapped above ressitance and appears to be primed for a move higher in the coming days. Check it out for yourselves. Here’s my chart analysis on BIDU.

Went long this morning Range Resources Corp (RRC) after watching it sport a very nice breakout pattern at $43.36.

NVLS  is setting up as a nice breakout play with what appears to be a lot of momentum still left in the stock. The stop-loss is also very inviting, as the amount of capital that needs to be risked to the downside is minimal. 

I’m pulling the trigger on one of the daily trading setups from a few days ago by going long on Monsanto (MON) at $62.93. I’m going to be much tighter with my stop-loss though by placing it at $61.20. If it goes lower than that, I’ll be out of the trade.  Here’s the chart analysis

I will admit, I was a bit nervous about pulling the trigger on this one, but you have to put those feelings aside, and trade off of the charts, and at the time I bought Mentor Graphics (MENT), I noticed the the market was consolidating at its lows and trying to bounce off of the

Here’s my third and last new position for the day – Citrix Systems (CTXS). I plan on waiting until tomorrow reevaluate everything, and then consider adding any additional new positions to the portfolio. As always adhere to a stop-loss – doesn’t have to be mine, but should be one you are comfortable with.  Here’s my

I bought shares of Baidu (BIDU) this morning on a test of the 20-day moving average. After forming a bull flag, this stock look to move much higher. But no one can be sure of that, and that is why I put a stop-loss in there at $104.74. Here’s the Chart Analysis on BIDU.