Enlarge any chart by clicking on it.

Unless otherwise specified, ALWAYS use the 15min chart to enter my recommended plays because
CONFIRMATION is a MUST. In other words, you need to see a 15min candlestick that CLOSES beyond
the entry point, then enter when it moves 10cents after the high/low of that candlestick.

Thursday, July 10, 2014

FB, LNKD, SLB, TWTR, SPX

Social media likely to lead the market tomorrow, as stocks of Facebook, LinkedIn and Twitter look ready to move.

Trading is not easy. It's been a frustrating week so far. I have been held captive by the market as I try to figure out what it is trying to do. Plays have not been easy to come forth as they keep getting invalidated right at the open with the gap downs. The price action over the past few days was not expected. Hopefully the story will be different tomorrow.
But note that I'm expecting a lot more upside for the market in the coming days, weeks and months. The technicals are strongly in favor of the bulls.

FB-15MIN


LNKD-15MIN


SLB-15MIN


TWTR-15MIN


SPX-DAILY VI


SPX-DAILY V


SPX-DAILY IV


SPX-DAILY III


SPX-DAILY II


SPX-DAILY I


SPX-30MIN


SPY-15MIN
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