I like to scan the 52-week highs list regularly to see if there are some sweet swing setups. I did find a few that 1) broke and closed at or above resistance, 2) all made 52-week highs. It is an obvious sign of strength when stocks are breaking out to new 52-week highs while the market remains in a neutral range. In addition, follow up checks on a stock’s sector group is encouraged as you may find those stocks mimicking the same patterns.
First chart is a 3-mo of the SPX. It is still caught between the 50/100-day MAs.
Could one argue the SPX chart setup is forming a bull flag? Lets say we get some good news…looks like we could break higher albeit on low volume. Im a newbie so any thoygjts would be helpful! Thanks
SQNM close
In BIG 31.93 target 32.42
pussied out on slight pullback at 32.15… idiotic still going higher
CA,
For those of us who would get in at today’s close and have to stay in at least until tomorrow close (mutual funds), do you enough support at or around the 20day.
Thanks!
Never mind. Already bounced.
Short $ATHN 37.94
Short $PALM 6.22
Short $JRCC 15.78
Cover $ATHN 37.59
Short $AIG 25.12
Cover $PALM 6.15
Cov $JRCC 15.87
Cov $AIG 25.38
Bought $DECK 117.29
Sold half $DECK 118.00
Sold other 1/2 $DECK 117.93
Bought $UAUA 16.37
Sold half $UAUA 16.52
Sold 1/4 $UAUA 16.80
Sold final 1/4 $UAUA 16.68
Bought $DECK 118.61
Sold $DECK 118.41
Short $AIG 24.95
short athn 37.74
cover half 37.32
the rest at 37.19
gps at 21.63
out flat
Bought $UAUA 16.83
Bought $NUVA 31.2699
Sold 1/2 $NUVA 36.92 – WOWWWWW
Sold 1/4 $NUVA 41.89 – SWEET
Sold $UAUA 17.00
Final 1/4 $NUVA sold 41.18 – the most perfect win of the year
Gneiss
WOW…your next post should be a trade review on this one!!…was it already on your radar, how did you get in so early?
done
ckp 20.53
sold 20.74