iBankCoin
Joined Jan 1, 1970
1,010 Blog Posts

This is for Fighting, This is for Fun (Setups for Wed.)

This is my rifle, this is my gun! This is for fighting, this is for fun!
This is my rifle, this is my gun! This is for fighting, this is for fun!

A big reason why I said you needed to have some extra cash on hand during earnings season is to take advantage of what happened after the bell today.  $INTC and $KLIC, both semiconductor related companies, were up huge after hours. I expect other semis to run tomorrow. My favorite play off that pin action is $SMOD. In addition, this news could propel the broad market to that all-important 1220 level tomorrow.  We may very well need a huge up day before we turn around and get that much anticipated pullback.

Below, please find my top setups for tomorrow. Feel free to pick and choose whichever ones best suit your style.  Even the best of setups can fail, so I urge you to use stop losses in order to minimize downside risk.

smod

coco

dpz2

fcx

yhoo1

luk

hgsi

vltr1

athr

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11 comments

  1. lindsay

    well ok then

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    • chessnwine

      Oh yeah. That picture is probably a little too R-rated for you. Sorry, lindsay.

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      • lindsay

        well you guys gotta be guys– if i couldn’t “man up” and take it i would have had to leave ibc a long time ago (actually, i totally missed it lol! i meant “well ok then” re buying some of the stock picks) but thanks anyway from the gentle ladies club –ok, back to stock land (PPT) for me now

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  2. Drewdog

    Love the chart set ups cheesnwine!! SMOD looks great – thanks.

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  3. skayfe

    Nice setups buddy.

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  4. Brushbuck

    5 stars. You’re doing great!

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