We are currently knocking on the door of more highs. It is not smart to fight the trend at this point. You had some nice cash flow trades short last week (day trades) but now at this stage we are coiled, and look ready to break higher. There are alot of attractive charts out there that appear to be ready to move higher, and some are breaking higher today. If you would like a GREAT list of stocks to start on go to yesterday’s post the “weekend Charts” I go over some great set ups there.
Currently I am looking more on the swing long side of things as the market is setting back up.
Some names that are looking good are (no particular order):
PSX – stop would be under the 8 EMA
IYR – COILED, and READY
XLY – breaking higher, strong volume, looks GOOD!
XLV – BREAKING HIGHER.
BUD – Consolidating at highs
KRFT – breakout continuation
JNJ – breakout, stop under the lows.
MYL – stop in the gap. Strong volume.
SWI – on a light pullback
M – break out here, looks good.
And many more. Those are just a few to get you started. Have a nice evening. As always, feel free to contact me –
Twitter/StockTwits – @BenCBanks
Email – Visit the contact page on this website.