As usual, I’m not focusing on the big breakout moves, like TZOO today… instead, let’s see if today’s market consolidation action opened up any opportunities.
PPO – watch it as it approaches $60… Looking for break through.
EZPW really looks like it wants out of this box. It tried today. Still watching for sustained move over $42.
LULU starting to consolidate a little. Watch for move over $92 for possible entry. I like this consolidation here.
CXO starting to get through topside of triangle consolidation. Break of $111 could open it up.
NFLX – now at highs. SO.. there isn’t a trade. not yet. Gotta wait for break of highs or possible reversal. Could even be a short. We have no way of knowing here, but the shooting star makes me lean short.