Hope everyone came out well this week in the Markets. Market might be volatile in the near future. I would advise to reduce size and keep everything on tight leash. Don’t be too greedy; take profits when you have them. Obey your stop. If it gets too choppy take a walk. Don’t expect a ‘V’ shaped recovery on anything. We have bunch of broken charts in the leader stocks. Even if we have a bounce, most of them will look like Bear flag unless otherwise. Here’s a list of 16 stocks that showed strength during this week’s sell off. If the Market bounces, I would pay attention to these ones.
I usually update this blog once a week. You can always find most current chart setups on StockTwits.com following this link chart.ly/users/szaman
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| ALJ Oil name staying strong. Breaks out at 11.73. |
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| ALU- Holding up well. Watching over 5.40 for a trade. |
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BRNC Retest of break out area and 20 SMA in one candle! Looks higher over 10.41. |
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| CALD Holding up well during sell off. Breaks out at 7 with volume. |
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| CHS Nice Cup & Handle setup. Looks good over 13.94. |
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| CSU Breaks out at 9.70. Strong volume pattern. |
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| EGOV Breaks out over 11.17. |
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EXEL Low volume sell off so far. 20 SMA acting as support. If it doesn't hold here 50 SMA next support. |
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| HERO Oil name staying strong. Breaks out at 6.30. |
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| PAG Coling at 20 SMA. Watching over 20.81. |
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| PCS Breaks out at 15.20 with volume. |
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RVI Watching over 18.05 with volume. Earning on 3/15. |
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| TBL All coiled up here.Watching over 39.32. |
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| USAT Looks good over 2.75 for a trade. |
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| INPH Breaks out at 6.73 with volume. Could be spready/spikey. Reduce size. |
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| WWWW Holding strong so far. Needs to bust out of this upper trend line with volume, preferably with a gap up over 13.50. |
1 comment:
I've said it before, but a thank you is never wasted.Your charts are among the clearest I've found on the net, and the setups are about the best.
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