Good evening StockBandits!
Today the market averages posted gains, but they were generally modest and it seems last week’s sizzle is starting to fizzle. [Read more…]
Fizzle – Blueprint 2-10-2014
Recoil – Blueprint 2-9-2014
Good evening StockBandits!
Last week was a wild one as the market resumed its correction early in the week. A hard selloff Monday was followed by a feeble bounce Tuesday, then new pullback lows into Wednesday morning. [Read more…]
5 Setups to Watch This Week
The indexes covered a lot of ground last week in both directions, ultimately finishing not far from where the prior week ended. It’s a time to stay on our toes and seek out trades in both directions with the fickle momentum we’re seeing in the current environment.
Although my detailed trading plan is reserved for members of the site, I wanted to nonetheless share 5 setups of interest I ran across this weekend in doing my research.
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.
Here are 5 setups of interest for this week:
HIMX has quietly been basing for a few weeks but this ascending triangle pattern is getting closer to a resolution. An upside breakout sets price free to climb again.
MRVL is starting to push through a downtrend line and any continuation through $15 adds validity to the breakout.
SA went through a nasty correction but then based out and is now in the early stages of a big-picture recovery. Next resistance is $9, giving it some room to rally in the near term.
WDC is poised for a push higher but needs to exit this falling wedge. A breakout could quickly test the $90.44 high from January.
VMW is bouncing but volume is diminishing and the stock could soon run out of steam. That would create a lower high and set the stage for a deeper correction, particularly with a downside break of $90 if it happens this week.
Through the nightly service, I share swing trade setups with members here including my planned entry, stop, and target levels. I also produce Charts on Demand for a special Thursday educational video. 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.
Wild Wednesday – Blueprint 2-5-2014
Good evening StockBandits!
It was indeed a wild session today as stocks traded all over the map. [Read more…]
Unconvincing – Blueprint 2-4-2014
Good evening StockBandits!
Oversold conditions at last night’s close left bargain-hunters and bears looking to buy, and a gap higher this morning set the tone for the session as a snapback rally ensued. [Read more…]
Panic Monday – Blueprint 2-3-2014
Good evening StockBandits!
A flat open this morning quickly turned into a trend day to the downside as early weakness prompted more selling. A poor ISM number was fuel to the fire with stocks making immediate new lows on the news. [Read more…]
Less than Super – Blueprint 2-2-2014
Good evening StockBandits!
The correction continued to run its course last week despite a couple of attempts to bounce. [Read more…]
5 Setups to Watch This Week
The indexes continued their slide last week but more individual charts are starting to set up now for plays in both directions.
Although my detailed trading plan is reserved for members of the site, I wanted to nonetheless share 5 setups of interest I ran across this weekend in doing my research.
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.
Here are 5 setups of interest for this week:
MGA has pulled back but is trying to stabilize here. A turn up through the trend line could set it free to lift back toward the recent high.
CZR is starting to break out of this descending channel and could soon be challenging the recent high near $24 again. Any upside continuation would add validity to Friday’s bullish engulfing bar.
FDX was covered here two weeks ago and since then that bearish pattern has played out nicely. Here the stock looks vulnerable to another decline if the short-term base gets broken to the downside.
BIDU is set to report earnings on Wednesday this week, and I don’t believe in holding stocks into earnings reports. However, it may offer some opportunity in the early portion of the week if it happens to undercut $155 to start another leg lower within its current downtrend.
X has paused but remains in correction mode. This rising wedge pattern is bearish and would be confirmed upon a break of the lower trend line, currently at $25.35.
Through the nightly service, I share swing trade setups with members here including my planned entry, stop, and target levels. I also produce Charts on Demand for a special Thursday educational video. 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.
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