With stocks grinding sideways here, presumably for the next day or so, I am looking to add new positions to my portfolio. To put it short, this market is going higher and there is nothing you can do about it. Stop the circle-jerk 6 Longs 8 Shorts bullshit and ride the trend. My capital will be ready for action in these ship-shape setups. Here are the potential plays I will be adding, just to name a few.
SHW -Looking to get long 145-146 area running a stop just below 140.
CRM – Weekly chart on CRM looks great here. Looking for a push over 162.5 level for a long starter position.
SRCL – Looking for a near term break of 94.06, should send this one to test 94.64. 94.64 is the nut to crack here.
PVH – Weekly chart suggests a massive Cup and Handle forming here. I like this one for a long over 96 with volume.
LULU – I think LULU is setting up for another squeeze. I am liking the look of this one the more and more I look at it.
