Not quite yet...
Well, it seems we're trying for that record, but maybe running out of steam? Markets are down this Friday just after the open. We'll see if they recover, but I'm a bit pessimistic as it's a Friday after all...
In any event, next week is shaping up nicely. Here are some of my favorites to keep an eye on for next week:
ALB - forming a converging triangle, and perhaps triggering TTC...this one could go either way.
ACL - a nice TTC-a, but faltering a bit today. May be a nice entry next week.
AZO - this has moved very fast. Waiting for some profit taking, and a trigger, and then perhaps a new entry. A lot has to happen though for all of these events to "line up".
BDX - finishing a TTC-b and breaking resistance at the same time. Could be a very nice entry shortly.
COO - needs to confirm. If so, this is a wonderful looking chart and TTC-a.
EBAY - simiar to BDX--needs to break resistance, but is forming up to do so, and completing a TTC-b at the same time.
KSS - needs to confirm to complete a nice TTC-a. However, resistance is close, so you may need to be nimble on this one.
NVDA - hasn't quite triggered yet, but if it does so, and then confirms will be a nice TTC-a
JCP - a bit more speculative trade, this one has been in a wide channel for the past six months. It's now reached the top of the channel and may be headed back down. A possible short trade for the very brave.
SNDK - another that needs to confirm. This one has moved down quite a bit though, and it may be prudent to wait for a TTC-b on this rather than a TTC-a.
TXI - a channel breakout, and a likely good entry today or Monday.
UNH - similar to SNDK--has had quite a drop, and needs to confirm. Perhaps better as a TTC-b than a TTC-a.
WCG - a very nice TTC-a should it confirm. A very nice chart, and perhaps the best of the lot if it finishes above the 7 DSMA.
Good trading to all!
In any event, next week is shaping up nicely. Here are some of my favorites to keep an eye on for next week:
ALB - forming a converging triangle, and perhaps triggering TTC...this one could go either way.
ACL - a nice TTC-a, but faltering a bit today. May be a nice entry next week.
AZO - this has moved very fast. Waiting for some profit taking, and a trigger, and then perhaps a new entry. A lot has to happen though for all of these events to "line up".
BDX - finishing a TTC-b and breaking resistance at the same time. Could be a very nice entry shortly.
COO - needs to confirm. If so, this is a wonderful looking chart and TTC-a.
EBAY - simiar to BDX--needs to break resistance, but is forming up to do so, and completing a TTC-b at the same time.
KSS - needs to confirm to complete a nice TTC-a. However, resistance is close, so you may need to be nimble on this one.
NVDA - hasn't quite triggered yet, but if it does so, and then confirms will be a nice TTC-a
JCP - a bit more speculative trade, this one has been in a wide channel for the past six months. It's now reached the top of the channel and may be headed back down. A possible short trade for the very brave.
SNDK - another that needs to confirm. This one has moved down quite a bit though, and it may be prudent to wait for a TTC-b on this rather than a TTC-a.
TXI - a channel breakout, and a likely good entry today or Monday.
UNH - similar to SNDK--has had quite a drop, and needs to confirm. Perhaps better as a TTC-b than a TTC-a.
WCG - a very nice TTC-a should it confirm. A very nice chart, and perhaps the best of the lot if it finishes above the 7 DSMA.
Good trading to all!
posted by Dan at 9:57 AM
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