Category: trend pullback setup
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Chart of the day: ARAY
Today’s chart of the day is medical devices maker ARAY. The stock has pulled back to the 50 dma after a strong uptrend and is now oversold. This setup offers great reward to risk with a target near $10, entry around $9 and a stop around $8.75.Subscribe to The Market…
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Chart of the day is EA: Keep it simple stupid!
Sometimes swing trading is easier than we make it. In the trading game it literally pays to keep it simple. Our stock of the day, EA is a great example of the KISS method. When do you buy EA? That’s easy. When it pulls back to the 50 dma or…
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NFLX Trade
I entered NFLX today at $186.11. Here is what I wrote to trade report members: My watchlist is rather small right now and there aren’t any good entries, so I’m going to take this opportunity to analyze a focus list stock that is not an easy sell as a long…
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Today’s Entries: NFLX and ADM
I entered NFLX and ADM today. NFLX has pulled back to the 20 day ma, oversold, and is trending nicely. Could be a pivot level, though the risk is pullback continues to the 50 day ma.
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Trade Entry: AMZN
I entered AMZN based on 1) the oversold stochastic reading and 2) pullback to the 50 day moving average. There is not credible chart pattern, but risk is low and the two elements listed give a slight edge. Stop is below the moving average, around $129. The intital target is…
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AIG is a Great Low Risk Setup
AIG’s volume pattern shows that it is under accumulation. This pullback offers a low risk setup. If entered around $37, with a stop under the 20 day moving average at $34.50 and target near the recent high at $50, we are looking at a 6:1 reward ratio. If you find…
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Charts: BRE and PALM
I entered two trades today. PALM is a trend pullback setup and BRE is oversold bounce.
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The Simple SPY Strategy
My strategy for trading SPY is about as simple as it gets right now: Short strength and buy weakness. I will look to enter long on a pullback to the 200 day moving average. My “rubber band” short setup triggers on continued strength close to $100.
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4 Stocks For Tuesday
Here are the four stocks I am looking to enter on pullback Tuesday.
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Focus List Stock: AMZN
I currently only have one position (SPY at $84.03). I’m patiently waiting to add positions on a dip to support. One of my favorites is Amazon, which is consolidating after a monster run and breakout. I’m looking to enter on a pullback to the $80-81 range.
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A Momentum Stock in a Sea of Bottoming Setups
NFLX is one of the few stocks that has been enfuego this year. It bottomed in December and has been on fire since. I like it on a pullback to the mid Bollinger Band level, which is also the 20 day moving average. This is a trend pullback setup.
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A Momentum Stock: EBS
Stocks that fit my trend-pullback setup have been few and far between since the summer months. That’s why EBS is like a breathe of fresh air. I’d like to see it pullback a bit more before entry. Notice that RSI 50 and stochastic levels at 20 have provided good entry…
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Kellogg: The New Momentum Play
Kellogg, Campbell Soup and Clorox–the new league of momentum stocks. When these types of stocks are the only bullish trending stocks around, you know it’s not a bullish momo traders paradise (it is for bear trend traders). Kellogg looks good on a pullback to support.
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Trade Entries: KSS, ARO and LOW
Retail stocks are nearing my entry levels. However, the negative retail report could pull them down further. For this reason, I am taking small position sizes in my retail trades and using tight stops–KSS, ARO and LOW. I bought 150 shares of KSS at $50.44 I bought 150 shares of…
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Trade Entry: CF
I bought 200 shares of CF at $152.86. This is a trend pullback setup. The stock has been a consistent buy on pullbacks. My stop is under the 50 day moving average, with a target at old highs. While I am bearish on commodities in general and see a lot…
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Don’t Overpay for POT
Ag related stocks are finally starting to pullback. Those of us who missed the recent run (I raise my hand in shame) are starting to get itchy trigger fingers. Rest assured, I’ve got my gun set on safety. Take a look at Potash. Even with the 10 point pullback from…
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BEXP: Late Entry Post
I entered BEXP yesterday at the close as it showed that it would help support. This is a late post, so I won’t include it if and when I get around to updating my trading results.
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MTL at Support
I still like MTL here. The stock has not broke support and down volume has been lighter than previous up volume. The 50 day moving average has been a good entry point.
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Trade Setup: MTL
I bought 200 shares of MTL at $53.84. Setup: Trend Pullback. Nice trend. OBV and volume pattern look good. Stock has more accumulation than distribution days. RSI bouncing. Stoch turning up at higher high. Risk: Initial target is 60. Stop is either under yesterdays confirmaion bar or the 50 day…
Paul J Singh 