XES - Cup and Handle Pattern Setup

• Entry at 28.25
• Stop at 25.95
• Target at April’s high of 33.46
• ETA 1 month!

EWU – Swing - Setup

• Head and Shoulder setup on the weekly
• Spike in volume 2 weeks ago
• Volume dies down as prices consolidate

• White line is the Entry
• Red line is the Stop

OSK - Triggered

I called out OSK setup on Monday via this post.

Yesterday, OSK was triggered.

Let’s see where OSK will take us.

NTY – Swing Trade – Setup

• I see a Cup & Handle setup on NTY
• My Entry is just above the white line
• My Stop is where the red line is, which in my opinion, is the Pivot Point of NTY in the past few months.  Instead of using the low of 3/31 ($48.00) as my Stop, I’m going to be a bit aggressive here and set my Stop at just under $49 instead.

• My Target is $55, which is the High that was set back in early 2007.

APA – Long Term Trade – Setup

• A Fib between the Low in Feb' 09’  and the High in June 08’ shows the current prices channeling between the 61% and 50% region

• My Entry will be just above $108
• My Stop will be set conservatively at the early Feb. Low of just under $95
• My Primary Target is around the $120 area, while my Secondary Target is at around $140.

OSK – Long Term Trade - Setup

• The above chart is the Monthly Candle Stick of OSK
• I drew a Fib. using the All-Time High from mid-2007, and the Low from late-2008
• Prices are consolidating between the 50% and 61% Fib Level

• This one above is a Daily Candle Stick of OSK
• Multi-tops were formed from Dec., Mar., and April.
• For now, my Entry is 2 cents above the $42 (even number)
• My Stop is set conservatively at the Low of late February
• My Target is the All-Time High of $63
• I expect this trade would last about 12 months.

PPR – Setup

 

What do I see:

• Prices closing in on All-time High (June, 2007) (see first chart)
• A Hammer formed right above the 5 EMA on Thursday's Close (see second chart)
• Wednesday's bar was an Inside NR7
• Entry is above $6.11
• Stop is under $6.17
• Target is 7.84, which is 138% Fib
• I have extra room on top and bottom because I don't want to be too aggressive with this trade

CATM - Setup

 

 

What do I see:

• A significant increase in Volume from the first chart, from last week.
• Prices reaching 52 weeks high
• Support from both 5 and 34 EMAs
• Entry will be above $13.50
• Stop just under $11.74
• Target at 138.2 Fib

DIS – Adjusted Stop Triggered

• As called out over the weekend, the Trend Line of DIS (Disney) was broken as of last week
• I moved up my Stop to $29.45 level and it was triggered today

MDY – Will Trend line Hold?

• With 2 consecutive weeks of red bar, I certainly hope that the trend line will hold in this coming week. 

KRE – Bullish Cup and Handle Pattern

• A Cup and Handle pattern that started back in May of last year
• It was finally broken 2 weeks ago
• The bullish pattern is further confirmed by another strong bullish week

DIS – Disney’s Broken Trend Line

• I was Long on DIS since September of last year
• This week’s inverted hammer painted a very bearish picture
• Along with 3 consecutive (weeks) of red bars,
• And a broken Trend Line
• I’m going to adjust my Stop to the $28 range