I am going to keep the commentary simple as always. Market looks tired, that’s doesn’t necessarily means we are heading lower. A little sell off or consolidation will be great to reset some chart.
Break out plays tend to get choppy in a tired Market as players are more skeptical. If you are playing break outs, be careful to hit buy button on a price alert with a spike. Make sure that the stock has an intraday base with volume below the alert.
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ACTG Triggered Friday, now breaks out at 36.44.
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AEN Spec. Bio play. looks good over 1.98.
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ASGN Little rest will set this one up for 10.87 break out. |
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| BECN Nice looking setup.Over 21.57, this one could go higher. |
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BGCP Over 9.50 for a trade.
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BLTI Watching over 5 for a trade.
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CBRX setting up again. Worth watching over 4. |
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CT Watching over 2.47.
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FVE Break out watch over 8.62.
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HS Looking for a continuation over 39.58.
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HW Breaks out over 6.16.
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HWAY Breaks out at 15.88.
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MDCO Tight triangle on this one. Expecting a move next week. |
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MDRX Breaks out at 22.21.
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MPEL Over 8.02 for a continuation, even better after a little pullback Monday morning.edit: Chart says 7.02 by mistake.
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MERC Setting up for a breakout. Watching over 14. |
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MRGE Setting up for a break out over 5.36. |
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MTZ Break out watch over 21.25.
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MYRG Breaks out at 25.84. |
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PWAV Forming a little pennant , watching over 4.70. |
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QLTI Over 7.37 for a scalp. |
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SBGI Break out watch over 13. |
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STEI Break out watch over 13.
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TEX Setting up nicely below 38.50 break out. |
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WY Breaks out watch over 25.20.
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4 comments:
Great setups as always, just curious - Why did you truncate your posts?
Thanks, Brad! I am not sure what you mean by truncating post?
Do you use any scanners or just pour through the charts?
I do use few scanners, however most of the good setups comes from hard & old fashioned way, skimming through many/ many charts.
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