Trade Setups

Below you will find three solid breakout candidates that I think you all need to be watching. All three of them are in the early stages of the breakout, all three of them looking equally tempting to me. I would though, like to see the market breakout out of the intraday downtrend it is currently

One of the better setups out there right now, and once the market showed some signs of life, I jumped in SNE, which is bouncing off of its lower channel, as the stock itself trends upward very nicely.  Here’s the SNE chart.  

No activity on my end yet this morning. I am watching a myriad of stocks, and below I thought you might be interested in three in particular. So far the market is range-bound and I am watching the highs and lows from yesterday to determine where this market may in fact head for the remainder

Here are four of the stocks that I am paying particular attention to right now. The one that seems most alluring to me is AIT and if the market can hold itself together, then I may initiate a position in it.  Here’s the charts.  

Jumped into Viropharma (VPHM) this morning at $17.11 on a break of previous highs, which it did in a very convincing manner. To say the least I am glad I got in when I did, though it is impossible to know that a stock will pop its top like it did soon after I got

Three more breakout plays this morning for you to feast on. As mentioned in the last post, I jumped in CERN, however, the breakout is still in progress, as it is currently just below where I got in at.  Here are the 3 Breakout Plays.

Wasn’t planning on adding any new positions to the portfolio prior to the Fed announcement, but the setup in Cerner Corp (CERN) was too good to resist. A breakout to new all-time highs, after consolidating tightly over the past week or so – makes this trade very appealing to me.  Here’s my chart and trade

Here are five more breakout plays. All of them are at or near or already in the process of breaking out. Keep in mind that in the short-term the market is getting overbought, and a lot of stocks could see consolidation/profit-taking, merely due to the market taking a breather.   

Here are four breakout plays worth watching. I also went long on BSX this morning at $6.96 which is today’s long setup that I posted last night.  Here are the four breakout charts.

I’ve seen a lot of these high-flying stocks, like NFLX, and others sell-off hard due to rumors about a CEO (i.e. Steve Jobs and Apple) or a resignation by another corporate executive (like what we have today with NFLX), only to see the stock quickly rebound within a few days or even the same day.