Good evening StockBandits!
Three of the four main indexes I monitor each day lost ground last week, with the DJIA being the only exception [Read more…]
Faking It – Blueprint 3-30-2014
Review of the Indexes 3-30-2014
There are some mixed signals among the averages right now, but there’s reason to err on the side of caution after some hefty declines last week in the more speculative indexes. Picking and choosing spots is wise given the current conditions, so stay selective out there.
As we head into a new week of trading, it’s time once again to take a look at the indexes and the key levels they’re dealing with. This will impact how individual names move, so it’s where every new trading week should begin.
NAZ – The NAZ gave up 2.8% last week and even the two advances it saw both had weak finishes. The path of least resistance is down for now.
SP500 – The S&P finished last week above 1850, but not by much. It is respecting the trading range but keeps knocking on the door of support.
RUT – The RUT gave up 3.5% last week, once again proving to be the leader in terms of move magnitudes. To see small caps correcting like this tells us that the hot money is backing away right now.
DJIA – The DJIA peaked before the others and still hasn’t cleared the December high. However, it’s currently holding its ground. The big key here is the lower high it keeps respecting.
Trade Like a Bandit!
Jeff White
Follow @thestockbandit
Replay – Blueprint 3-26-2014
Good evening StockBandits!
The market’s in a habit lately, and today it gave us a virtual replay of the previous three sessions. [Read more…]
Like a Turtle in Mud – Blueprint 3-25-2014
Good evening StockBandits!
The major averages lifted a little today, although the NAZ and RUT each stayed beneath the support zones they broke yesterday. [Read more…]
Spring Breakage – Blueprint 3-24-2014
Good evening StockBandits!
Friday’s weak finish left the bulls with a little bit of concern over the weekend, but with the trading ranges still intact, there wasn’t reason for alarm. [Read more…]
Caught – Blueprint 3-23-2014
Good evening StockBandits!
At the end of last week, we saw the averages with yet another opportunity to push higher after having rallied within their respective ranges. [Read more…]
5 Setups to Watch This Week
Stocks struggled late last week, unable to break out from the recent trading ranges. They’ve yet to break down though, so until we see one of the range boundaries crossed we can expect more back-and-f0rth.
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. Here we go:
AAPL has been quiet of late while remaining beneath the multi-month descending trend line. A push north of $536.25 could free it up to move higher.
SODA has made higher lows in recent weeks but needs to clear short-term resistance. A rally through $43 would enable the recovery to continue.
HOT continues to channel lower but still isn’t far from resistance. An upside breakout could bring a quick return to the recent high.
ALJ is sitting in a tight bull flag and an upside breakout would pave the way for a possible test of the January high.
TSLA is testing support and a new pullback low at $227 could produce at least one gap fill, possibly two.
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.
Resistance Respected – Blueprint 3-19-2014
Good evening StockBandits!
The scheduled main event of the day (FOMC) actually proved to be the main event of the day as stocks flatlined ahead of the 2pm announcement and subsequent press conference. [Read more…]
What Fed – Blueprint 3-18-2014
Good evening StockBandits!
The bulls continued to assert themselves today, taking advantage of yesterday’s lift with upside follow through in today’s session. [Read more…]
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