ANH - looks like it needs to rest here. Could short for a quick trade under 5.16.
BTG - had a nice break out above 2.93. Looks like it can go higher, but is reaching overbought levels. Keep an eye on volume and the 3.08 level.
DRE - looks like it really wants to rest here. May pullback to 16.35 and form a cup with handle. I would like to see 17's before I short this. Then track it for the next leg up.
HL - don't really like the chart, but it might run if it can get thru the days hi 3.54 with some volume.
KIM - looks like it can break the 22.83 resistance and march toward the year high. In the short term it may pullback to 22.30 or 22.
MAC - looks like a buy at 61. Nice base over the past few months with a decent breakout. Tested new support and kept going. Hitting overbought levels so it may test 61 again or run past 61.90 for a nother buy trigger.
GNC - an ugly chart, but I think this goes lower from here. Watch out for a move above 49. Look to short under 48.
PVH - watch for a move under the 200day and volume or a break above 127.13
Thoughts for the week of 02/24/14
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ENB looks like it could go further north. Nice little gap this morning, but watch out with a move under 42.90 and volume or 42.50 and volume.
EXK nice little gap up, but this is in overbought territory and may need to rest before breaking through resistance.
LEG has more upside, but may also need to rest in a couple of days. Watch out for a move under 31.25 and volume.
OFC looks like it has more room to move north. May rest here since it is in overbought territory. Watch out for a move under 26.80 and volume.
EXK nice little gap up, but this is in overbought territory and may need to rest before breaking through resistance.
LEG has more upside, but may also need to rest in a couple of days. Watch out for a move under 31.25 and volume.
OFC looks like it has more room to move north. May rest here since it is in overbought territory. Watch out for a move under 26.80 and volume.
Thoughts For Week of 02/18/14
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MUX showing a nice doji star. Coupled with the overbought RSI, this may pullback to rest. This looks like it has some upside though but after a pullback. Poor market conditions may beat on this. Short for a quick trade as this may test 2.90s again. Buy opportunity if 2.70s hold,.
REM is another stock that may pullback before moving upward again. RSI is overbought and volume is diverging from price action. Could pullback to 12.20 before another run. Watch out for the 20day break down.
SWI is a good looking chart. This may rest before running north again. Watch out for a break under 42 or the 20day. Volume has diverged slightly from price action, rsi is overbought and obv has reached a res level.
Looks like it needs to rest a bit.
CI is kinda ugly, but macd is compressing, rsi rising, and volume has been fairly strong for recent sessions. Look for a move above 200day to test 81.
BGS looks like a bullish harami, but needs confirmation. Rsi is oversold, it is below the bbands and just bounced off a significant support level. This may run up near 30 to rest before moving lower.
BRK/B dunno if you can short this but I think this recent run north won't last. This may test 116 or even 118 before pulling back. Look for a move back below the 200day. Notice the death cross and volume divergence.
GIS looks like it might post a doji or star this next couple of trading sessions before pulling back. Notice death cross. Might test 51 before a move south.
WCN is hitting overought levels as well as a significant resistance level. May post a doji or small candle soon before pulling back near the 200day. Notice death cross and price volume/price divergence, but volume on the 10th was also staggering.
REM is another stock that may pullback before moving upward again. RSI is overbought and volume is diverging from price action. Could pullback to 12.20 before another run. Watch out for the 20day break down.
SWI is a good looking chart. This may rest before running north again. Watch out for a break under 42 or the 20day. Volume has diverged slightly from price action, rsi is overbought and obv has reached a res level.
Looks like it needs to rest a bit.
CI is kinda ugly, but macd is compressing, rsi rising, and volume has been fairly strong for recent sessions. Look for a move above 200day to test 81.
BGS looks like a bullish harami, but needs confirmation. Rsi is oversold, it is below the bbands and just bounced off a significant support level. This may run up near 30 to rest before moving lower.
BRK/B dunno if you can short this but I think this recent run north won't last. This may test 116 or even 118 before pulling back. Look for a move back below the 200day. Notice the death cross and volume divergence.
GIS looks like it might post a doji or star this next couple of trading sessions before pulling back. Notice death cross. Might test 51 before a move south.
WCN is hitting overought levels as well as a significant resistance level. May post a doji or small candle soon before pulling back near the 200day. Notice death cross and price volume/price divergence, but volume on the 10th was also staggering.
Trade Ideas for Week of 02/03/14
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ESV looks extremely oversold. Look for bounce here at this doji. Watch for a break below doji low or of 49.
MWE hitting overbought territory. Look for a dip here, but watch as this could test 71 or even 72.
FNV This may go sideways to rest, but definitely has a lot more upside potential. Look for a break out above 60. Buy on a weak dip 47.
RTEC needs to breakout above the 200 day to look good. I believe it will stall and become a great short at the 200 day. However, market may have an impact on this one.
MWE hitting overbought territory. Look for a dip here, but watch as this could test 71 or even 72.
FNV This may go sideways to rest, but definitely has a lot more upside potential. Look for a break out above 60. Buy on a weak dip 47.
RTEC needs to breakout above the 200 day to look good. I believe it will stall and become a great short at the 200 day. However, market may have an impact on this one.
Trade Ideas for Week of 01/27/14
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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.
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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