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Weekly Trading Setups

Stock Trading Ideas and Explanations: Keep Playing On

5F7Xg86

Complacency and sloppiness present themselves in both business and in the market when you take what you have going for you for granted. In the market, a complacent mindset will have you looking at discipline like it is a trivial nuisance, standing in the way between you and the road to riches. In business, the next best thing always seems to be around the corner, greed sets in, and before you know it you start losing everything you had worked to build.

While easier said than done, the antidote for the poisons of complacency and sloppiness is to simply keep playing the game–or keep doing that which got you here.

Until the market shows actual signs, and not just ancillary divergences, of deterioration, I am still putting in the work to find attractive long setups. To be sure, there are plenty of stocks now extended beyond proper swing long entry points. But there are also a reasonable amount of stocks not yet extended and worth keeping on your watchlists.

Here are five ideas into tomorrow and beyond.

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CCOI

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HWAY

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PDFS

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REXX

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SKX

 

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Stock Trading Ideas and Explanations: Ready to Strike

znptfir

With the Dow Jones Industrial Average closing at all-time highs, while the S&P 500 and Nasdaq Composite have not, the many underlying divergences present in the current market are easy to identify. As we have seen as 2013 has progressed, however, open-minded and agile traders who resisted the urge to turn bearish too soon have been rewarded, or at least have avoided the major blunder of getting buried in shorts. In essence, whenever the market tops it tops, and we will adjust accordingly when breakout plays dry up and start reversing sharply across the board.

Until then, here are several long ideas that I like on strength tomorrow. The trucking industry and semiconductors seem particularly intriguing here.

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CNW

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FSL

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JBHT

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MCHP

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ONNN

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ZUMZ

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The Return of Glamour to Air Travel

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Well, perhaps not, when it comes to the actual flying experience these days as a passenger.

Nonetheless, the strength in airlines across the board on Monday was something to behold. Perhaps of even more significance than the price action was the heavy buy volume lighting up the tape in the industry. In particular, many regional airlines seem to be hinting at consolidation to come beyond the major airlines like United/Continental. Of course, the weakness in crude oil of late could easily be argued as the reason for an ephemeral bounce in the airlines. But the heavy buy volume on all fronts on Monday seemed to tell a more bullish story going forward.

With this in mind, keep an eye on the following regionals for further strength as they attempt to follow-through on their daily chart technical base breakouts.

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ALGT

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JBLU

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LUV

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RJET

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SAVE

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Stock Trading Ideas and Explanations: Looking Either Way

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As we discussed in my video market recap earlier today, the market is now at a critical juncture after a sharp reversal lower Monday and a recovery bounce yesterday and today. Having both some long and short ideas in mind is key to preparation.
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ABCB

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ADT

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CBD

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EBAY

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EL

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LOW

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Following the Aruba Network of Stocks

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NOTE: chessNwine’s Weekly Strategy Session has been published and sent out to members this week. I am confident that you will find this week’s version to be of tremendous value in your weekly preparations for the market. It is never too late to sign up at a very reasonable price, so please click here for more details about subscribing or even making a one-time purchase (the subscription plans offer much better value over time). As a reminder, members of 12631 receive the Weekly Strategy Session at no additional cost, as it is included in their membership.

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Led by Aruba Networks (ARUN), many enterprise and computer peripherals had strong price action on Friday. Stocks like EFII and UNXL are particularly interesting on any further strength this week, given their solid chart setups.

Courtesy of The PPT algorithm, here is a list of some of the most impressive upside movers and shakers last Friday. I am cross-checking these names with their respective daily and weekly charts to identify the very best potential long setups, upon further market upside.

PPTPERIHPERALS

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