Monday, March 19, 2012

Recap and Trading Plan for Tuesday 3/20

Recap - 
Wow, what a day! After a slow start to the day, I had alert after alert going off! Great way to start off the week, looks like we may get a repeat of the last few weeks! On to turn around Tuesday ;)!

Trading Plan for Tuesday, 3/20
  • LVS - Cleared this resistance area on heavy volume, the next buy/add area is when it clears 60 on volume.
  • NFLX -  Cleared this descending trend line and the 20d, a little lighter than average volume so watch for the FTD (follow through day)
  • BRCM - Clearing this next buy area on solid volume, watch for a good FTD
  • CNX - Cleared back above the 20d, tested the 50d and this descending trend line. Keep on watch for the break and go long
  • QCOM - Breaking out to new highs on volume, looks good for higher prices
  • ADBE - 34.75 -Holding up well, next buy/add area when clears this next resistance area on heavy volume.
  • WYNN - Testing this descending trend line and the 200d, watch for it to clear these and go long
  • NTAP - Trying to get through this resistance area, keep on watch
  • GOOG - Clearing this next resistance area on solid volume, watch for a good FTD
  • GS - Next buy/add area is when it clears this resistance on volume
  • INFA - Continuing to hold above the breakout, watch for more upside
  • TS - Poised to clear this next resistance area
  • MOS - Trying to take out this next buy area, keep on watch
  • GLD - Keep this on your watch, looks like more downside, but if it can get above that resistance area it could play out well
Charts - 

ADBE

BRCM

CNX

GOOG

GS

LVS

MOS

NFLX

NTAP

TS

WYNN


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