Nice day today, but let’s not get carried away.. we traded within Friday’s range (SPY) on relatively weak volume. Looks like traders are waiting on Greece news that should be out by Tuesday morning and the Fed’s opinions released Wednesday afternoon.
However, as mentioned in last night’s video, the charts appear (we’ll see) to be setting up for a strong run to the upside. We saw a good number of moves today and many others setup for a possible move to the upside tomorrow or Wednesday.
Here are the newest long swings stocks added to my Watch List:
CMG – Watching for move above sma50
ISRG – Watching for move above sma50 and Monday’s highs.
COH – Looks like this retailer may be headed back up
ILMN – Approaching horizontal resistance with consolidating bollinger bands
ROST – Nice bounce off horizontal support. Entry above sma50
ALTR – Out of Wedge and above sma100
ALSK – rounding bottom
OKE – On breakout over horizontal resistance
