SPH If market weakness continues, I think this heads lower. Look for this to crack under 44.30.
TE Looks like it has more downside potential. Look for a dip below prev days low.
AMZN went short under 400. Think this has more downside. Hoping it cracks 380 soon.
LPX looks like a broadening wedge here. Short under the 200 day and volume, but watch out for a bounce to stay within the wedge.
MDR Another one that looks like it will break the 200day support level. Look for a break with volume. Hopefully a weak market will spur the move.
TXI I think this has more upside potential to trade at a new high. Watch out for traders taking profits. This may flag with a gradual move upwards.
WAT I think this has more downside especially in a weak market. May not be a big winner unless it can break 20day support.
TZA Hitting a nice res level here. May pullback to test 20day so look for an entry there.
Some Ideas for 01/23/14
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CRI I think this still has more downside left if the market continues to weaken. Short under LOD.
FDO Is another stock that has more downside in a weak market. Look for a short under 63.85.
TUMI is testing support here again. If this 20.22 level cracks this is going much lower. A weak market will help this along.
DSU Is in overbought territory, is hitting resistance, and volume has diverged from price recently. I think this pulls back amongst more market weakness. Could use a healthy pause anyway. Lol
FDO Is another stock that has more downside in a weak market. Look for a short under 63.85.
TUMI is testing support here again. If this 20.22 level cracks this is going much lower. A weak market will help this along.
DSU Is in overbought territory, is hitting resistance, and volume has diverged from price recently. I think this pulls back amongst more market weakness. Could use a healthy pause anyway. Lol
Some Notes for Week of 01/20/14
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SOHU This looks like a bear flag, but volume shows some divergence. Suspect that this may pop then fail. Can't see this getting past 80.
OZRK This looks ready to pop. Would prefer to buy near 56.54, but 58 would do also.
NMBL Could pop as well. Notice volume on last huge move as compared to large moves toward end of last year. Over 50 and volume and this could go.
INVN Definitely looks like a cup and handle. Volume looks good too. Needs to pass 21.80, but watch out for pre-earnings spikes that may simply be day trades and not swings.
TQNT Looks like it is ready to pop here. Broke past 8.50 and needs to clear 9. Volume looks good throughout trading days. May pull back a little before a pop, but with Europe looking strong, this may go today.
GOGO Needs more confirmation as 20day crossed under 50day. MACD may reverse soon, bt hard to tell right now. Volume on last positive moves were good and RSI is low but could be lower. Need to see more signals, but this could go soon.
WX Looks good in my opinion. Consistently trading off that 20day. Looks like it may have rested and could go soon.
OZRK This looks ready to pop. Would prefer to buy near 56.54, but 58 would do also.
NMBL Could pop as well. Notice volume on last huge move as compared to large moves toward end of last year. Over 50 and volume and this could go.
INVN Definitely looks like a cup and handle. Volume looks good too. Needs to pass 21.80, but watch out for pre-earnings spikes that may simply be day trades and not swings.
TQNT Looks like it is ready to pop here. Broke past 8.50 and needs to clear 9. Volume looks good throughout trading days. May pull back a little before a pop, but with Europe looking strong, this may go today.
GOGO Needs more confirmation as 20day crossed under 50day. MACD may reverse soon, bt hard to tell right now. Volume on last positive moves were good and RSI is low but could be lower. Need to see more signals, but this could go soon.
WX Looks good in my opinion. Consistently trading off that 20day. Looks like it may have rested and could go soon.
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