S&P has retraced almost 50% of the correction thus far. Volume is light so I don't expect we'll get much beyond resistance, unless we get some really good economic data, starting tomorrow with housing/building starts, capacity utilization and industrial production.
IAG on TSX was on my focus list this morning after Friday's big move. Looks like a bona fide breakout is underway, although I would've liked to see more volume. Holding half for a swing.
GS day trade - flag BO above resistance.
Flags for Swing TradingMA forming bearish flag following earnings miss. Could BO anytime as price contracted over last few sessions.
APKT formed a bull flag following earnings beat. On a measured move it could go to $18.00 so it's not too late to jump in.
Notice how both names had huge volume on the gap days giving us confidence in the setups.
3 comments:
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Penny Stocks
Very informative blog,lots of great info
will be back soon
Penny Stocks
Great charts, I use stockcharts myself and post my stocks on
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