Some trade setups for you consideration. Unless otherwise noted they are good-looking setups on the daily chart for taking day trades, i.e. ”Set up for home runs, but hit singles and doubles.”
A few things going for $YELP here. Breaking out of a descending channel, a green hammer, and MACD about to cross. You could use Friday’s bar for a swing entry and stop.
Probably not quite ready yet. Would like to see a day or two more consolidation at gap resistance after strong green bar. A NR7 at that level would set up a beautiful long for $SNCR.
If $MCP isn’t going bankrupt it should bounce hard at some point. Ideal set up is a gap down in the morning, volume spike on a 5-min bar, then reverse.
Numerous taps at $19.50 means $$EPAY should move out fast if it can break and hold that level.
One of those “I have no idea what they do” stocks, $AKRX formed an inverted red hammer after a weak bounce attempt and is making it look like a short.
A very squirrely Chinese stock that is tough to play, but $ADY is definitely forming an ascending triangle with an NR7 bar.
I like the action in $ACW. A break above $5.40 should be good for a pop.
Everybody’s favorite stock $AAPL has made a nice comeback from its earnings drop. Friday was an NR7 bar just below resistance, setting up for a potential long.
Why not subscribe to bclund.com for free Via E-mail or Via RSS and follow me on StockTwits and Twitter?
What bclund is, is the intersection of markets, trading, and life (with some punk rock, pop culture, and off-beat humor mixed in). Check out “The Best Of bclund” to get started.
