Good evening StockBandits!
The market appeared poised for a breakdown last night, then saw some morning weakness today which paved the way for [Read more…]
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By Jeff White Filed Under: Nightly Reports
Good evening StockBandits!
The market appeared poised for a breakdown last night, then saw some morning weakness today which paved the way for [Read more…]
By Jeff White Filed Under: Nightly Reports
Good evening StockBandits!
The troops may be getting restless up here in this trading range, as we [Read more…]
By Jeff White Filed Under: Nightly Reports
Good evening StockBandits!
We kicked off the new week today with some early strength in the NAZ and RUT, while the blue chip averages simply churned. [Read more…]
By Jeff White Filed Under: Nightly Reports
Good evening StockBandits!
Weakness off positive openings on Wednesday and Thursday was met with some early indecision Friday and a new pullback low for the week by mid-morning, but the bulls responded with yet another “when in doubt, buy ’em” rally. [Read more…]
By Jeff White Filed Under: Stock Charts
The major averages finished Friday’s session just a few points from where they ended the prior week, which translated into a brief but much-needed rest in an extended tape.
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:
FB has broken out of its trading range and a new high may allow for the $5 measured move to take place. This is closely tied to the price action in the NASDAQ, so any failure in the latter would quite likely affect this stock.
LOCO is facing short-term resistance but a move through $37.80 would invite a test of the August high.
DSKY is churning beneath key resistance but a new high at $22.50 would set it free for higher prices.
LGF is sitting just beneath multi-week resistance. A push through $33.20 would allow some upside momentum to build.
AGCO is resting narrowly above key support here. A break below $47.60 would likely trigger sell stops and begin a new leg down to continue the trend.
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.
By Jeff White Filed Under: Nightly Reports
Good evening StockBandits!
On the surface, the market didn’t move much lower today, but the intraday action told a much different story. That was in part due to [Read more…]
By Jeff White Filed Under: Nightly Reports
Good evening StockBandits!
The story of the day was the NAZ, as it edged to a new multi-year high past 4610 and promptly reversed lower to close beneath Tuesday’s low. In technical terms, that’s called an outside reversal [Read more…]
By Jeff White Filed Under: Nightly Reports
Good evening StockBandits!
We’ve not had any real pullbacks in over a month now. Some would say it’s because of the news flow, others because of ____, but in reality it’s because the bulls have contained all selling to merely dips – and they’ve bought every single one of them. [Read more…]
By Jeff White Filed Under: Nightly Reports
Good evening StockBandits!
I got a new grill recently. It’s a ceramic egg and quite different than the stainless propane grill I previously cooked on. The other day, I got it fired up past 750 degrees and threw on a couple of steaks. (Stick with me, I’ll get to the market momentarily…I’m going somewhere with this). I turned the steaks in 2 minutes but they had already been charred. I hadn’t ever cooked at those temps, so I didn’t know what to expect! After turning them and briefly cooking the other side, I pulled them off to let them “rest” but they continued to cook due to their heat. First I had the sizzle, then the heat fizzled out but not before a little more (cooking) progress took place.
So, what does this all have to do with the market? Well, we just ramped (sizzle) and now we’re a bit stalled out (fizzle) despite having made a little more progress last week. Ahead of [Read more…]
By Jeff White Filed Under: Stock Charts
Stocks attempted to rest last week, but simply slowed their pace. Despite the market being stretched, there are still a number of bullish setups to choose from if you look in the right places.
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:
BITA has gone parabolic but each euphoric-looking high has only been met with mild pullbacks like this one. A turn north of $90 and it could see triple digits quickly.
UNP is basing with a very nice clean bull flag pattern. Breakout would be above $106.50 as a new high is made.
ARWR is coiling beneath multi-month resistance but a move through it gives this one lots of room to recover.
P is in pullback mode here but an upside break of this descending channel may invite a quick return to the $29 area.
APC tried to break out last week from this high channel but initially failed. It’s facing another opportunity and a new high could do the trick.
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.