Chart of the day: PYPL

Today's chart of the day is a recent IPO that almost all of us use for online purchases, Paypal.PYPL has formed a few key levels that we can now trade off. First are the IPO lows and highs, which form an 8 point range between $34 and $42. Watch for either a pullback to the... Continue Reading →

Chart of the day: MNST

MNST broke out on heavy volume a few weeks ago and has been forming a nice post breakout base ever since. This consolidation sets it up for a leg higher and a "trading the post breakout range" setup. Look to enter either 1) on pullback to bottom of the range or 2) breakout of the... Continue Reading →

Breakout Setup: MCK

MCK has formed a nice traidng range post breakout. I'd like to enter at the bottom of the range, with a stop just under support and the upper end of the range as my initial target.

Earnings Breakout: NFLX

Netflix broke out yesterday on strong earnings. This is a breakout-pullback candidate. Strong volume on the breakout over a bullish flag pattern. I am now waiting for a low volume orderly pullback.

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