Sept 14, 2013
SPY has been resting the last couple days and creating a flag pattern on daily. More upside to this move seems likely. FOMC rate decision is on the the 18th and news out of there can move the markets in the short term so that is something to keep in mind while trading this week.
TSLA has been setting up to move higher as it has been holding higher in flag pattern. GMCR, AMBA and others are setting up with charts below.
Sept 21, 2013
Markets gave a well deserved pullback the last two days after the huge run up from the no taper comments from Bernanke. First level to watch on SPY is the 10 MA, this is the first area to hold.
Its better to pay attention to individual charts with good setups then to pay to much attention to the overall markets.
Sept 24, 2013
Markets looked like they had found a bottom this morning until they gave it all back after 2 pm. Its a tricky area here where its hard to tell if this is a simple pullback or something more. Its best to stay nimble in this environment if putting on new trades until we see things more clearly. Below are some stocks that are holding up well.
The home page will contain stock chart ideas and a review of the overall market throughout the week. The purpose of this page is to help generate some ideas for your trading in the coming days for swing and day trades. You can enlarge the charts below by clicking on them. Visit the education section that will help expand your knowledge depending on your experience level.
Sept 28, 2013
We are near the 50 day moving average on SPY which is an area of support and the volume has been low pulling back to these levels. Lets see if we hold around the 50 day and move higher. The IWM and QQQ have been holding up well which is a good sign that the market is still healthy. Leaders are still very strong such as TSLA, FB, CELG, and BIDU which is another clue that we are not broken.
Below are a few charts that are setting up.
Oct 5, 2013
If markets decide to move higher in this news driven tape then below are a few setups that are looking ready to make a move. Overnight action recently has been crazy with gap opens, so if your planning to swing trade understand the risk you are taking and size your trade accordingly. Below are the charts with setups.
Oct 9, 2013
Watchlist for tomorrow if the market bounces from here.
Oct 13, 2013
Markets had a strong bounce in the last couple days due to expectations of a resolution out of Washington. If the market remains strong and holds then we can see further upside to stocks with good setups. Below are a few setups that look good to be placed in the watchlist.
Oct 17, 2013
With all the news out of the way we can now look forward to focusing on upcoming earnings. Google made a monster move on the release of its earnings and is now trading above an impressive $1000 per share. The markets are a bit stretched at new all time highs. If we can get a few days of rest in this upper area it would provide better charts for us to trade. Below are long setups that could go but keep in mind where the market have come from. Also, check the earnings date for any stock you plan to get into.
Nov 3, 2013
There was some selling pressure the last few days but the markets made a come back last few hours of Friday and closed green. It will be interesting to see how we handle next week. The question remains do we continue selling off or brush off the last few days and move back to new highs.
Below are a few charts that look interesting. Check if any of these stocks have upcoming earnings before taking a position.
Nov 16, 2013
If your bearish in this market your gonna get hurt. We will have plenty of time to get bearish when the market shows us, until then just go with it. If you see setups you like then you should take them because most are working. Keep stops in place and ride your stock till you feel you have hit your objective. There is not much else to say. Below are a few setups.
Jan 26, 2014
Its been a while since my last post but here are a few short setups if the market continues to be weak. Remember to watch earnings dates.
The information/material that is being provided to you is for educational purposes only. No information presented constitutes a recommendation to buy, sell or hold any security discussed therein or to engage in any specific investment strategy. You are fully responsible for any investment/trade decisions you make. Decisions should be based solely on your evaluation of your financial circumstances, investment objectives, and risk tolerance.
Copyright © PROFIT TRADER