Today has been a rather slow day. Nevertheless, when focusing on the best setups out there, even a slow day can be profitable. Let’s hope for some more action tomorrow:
The S&P500 has reclaimed its losses from last week rather quick. After three strong days and the S&P500 being back in the most recent consolidation range, the plan is to look for any failed follow through momentum in order to join UVXY long.
Gigantic candle in BBRY’s daily chart. It trended all day long and finished with a power close. We will be looking for a correction in the daily chart and will therefore short any failed follow through momentum tomorrow morning.
With a news acting as catalyst, BX has seen new 52 week highs today. As it also received an upgrade, the plan is to join this trend for more upside.
Strong all day trender with barely any struggle at the $20.70 breakout level. We will be looking to join this buying strength for more upside.
Picture perfect push, consolidation and secondary breakout. The plan is to trade AAOI reactively as there could very well be more upside in it but we also see a correction possible after such a tremendous breakout.
ADSK has continued pushing tremendously well after the earnings play on Friday. On the one hand, we see a $115/$120 magnet for a continuation. On the other hand, we also see a correction taking place in the coming days. We will therefore trade ADSK reactively and join any established trend once the morning action has settled.
Even though FRTA has less than three million in volume, the daily chart is worth a place on our watch list nevertheless. We plan to long any weak open for a red to green relief bounce.