Charts on Demand 8-28-2014

Good evening StockBandits!

Welcome to this week’s Charts on Demand video! Through this weekly feature, my aim is to provide you with some deeper education to improve your chart-reading skills by reviewing member-submitted charts. By staying objective and identifying areas of support, resistance, momentum or apathy on the charts, we can better determine which setups are viable plays and which may need more time. [Read more...]

Oxygen Starved – Blueprint 8-27-2014

Good evening StockBandits!

Thankfully I’ve never faced such a situation, but I’ve seen on TV and movies (so you know it’s true!) where someone is facing a limited amount of oxygen. Anytime that happens, they have to make their moves carefully, as there can be no wasted activity. And you know, that kind of summarizes the way this market looks right now, where we’ve rallied huge on diminishing, light volume, and now we’ve started to stall out. Nobody likes altitude sickness. [Read more...]

5 Setups to Watch This Week

The broad market is a bit extended, but there are still plays on the long side setting up.  It’s just a matter of staying selective.

I reserve my daily trading plan for members of the site, but I wanted to share 5 setups of interest with you as we head into a new week of trading.

Put them on your radar and keep assessing them daily. As setups are negated or fail, seek out some replacements. As setups confirm their patterns, observe their price and volume behavior closely to gauge whether or not they still have some gas in the tank.

By the way, I do not have any positions in the stocks listed and am only interested in entries beyond the highlighted levels. Should price fail to push beyond the levels listed, I’ll take no action.  Price provides the proof, then I make an entry. Here we go:

TWTR has pushed past short-term resistance and next could challenge $48, the July high.

TWTR-8-24-2014

Why I Use TC2000

JCP is trying to clear the November high but a break above $10.55 opens the door for a move back above $12, support from a year ago.

JCP-8-24-2014

Why I Use TC2000

JD continues to trend higher and is currently resting. A new high at $31.90 sets it free to climb again.

JD-8-24-2014

Why I Use TC2000

CELG broke through $90.50 resistance and that has turned into support, providing a level to trade against on the long side.

CELG-8-24-2014

Why I Use TC2000

LULU has formed higher lows since June and a push through $40.80 would invite a gap fill to $42.60 from early July .

LULU-8-24-2014

Why I Use TC2000

 

Through the nightly service, I share swing trade setups with members here including my planned entry, stop, and target levels. Check out the trial if you’d like to kick the tires.

Trade Like a Bandit!

Jeff White
Take a trial to our Stock Pick Service to get our trades.

Charts on Demand 8-21-2014

Good evening StockBandits!

Welcome to this week’s Charts on Demand video! Through this weekly feature, my aim is to provide you with some deeper education to improve your chart-reading skills by reviewing member-submitted charts. By staying objective and identifying areas of support, resistance, momentum or apathy on the charts, we can better determine which setups are viable plays and which may need more time. [Read more...]