Heck of a day all around, big breakouts, big volume, big gains, can't ask for much more than that! Hopefully tomorrow we can get a little more of that!
Trading Plan for Tuesday, 3/27
- $PEP - Poised to break this next buy/add area (descending trend line), nice bullish candlestick today. Keep an eye out for a cup w/handle formation in the next few weeks once it breaks that TL.
- $BTU - Looked like it double bottomed (they famously move a few ticks below the previous bottom) but now testing again, watch for the triple bottom (which is less reliable, but still a good formation). If it breaks this support, could have some more down side, $27 is another old support.
- $BIDU - Broke through the 145 buy area on heavy volume, next buy/add area is 156.25
- $AMZN - Broke through the next buy/add area and the 200d on heavy volume. next buy/add when it breaks 205.30 on heavy volume
- $BIIB - Breaking out to new highs great volume, look for more upside here
- $CXO - Breaking this descending trend line and the 20d, next buy/add area when clears 50d on volume
- $QCOM - Continuing to be a great winner, a good pullback buy or when it breaks 70 on volume one could buy.
- $WYNN - Finally breaking through the 200d and this trend line on ok volume
- $INFA - Testing this next buy/add area
- WFC - Getting through this resistance area, watch for a good FTD (follow through day) and go long
- $DE - This one is getting ever more bullish, breaking this triangle today on good volume, watch for a good FTD
- $PANL - Looks ugly, watch for more downside
- $CRM - this one is looking absolutely wonderful, next buy/add area when it breaks out to new highs
- $PETM - Breaking out of this flag, next buy/add when it clears 59.08 on heavy volume
- $GLD - Cleared back above this support/resistance area. next buy/add area when clears 50d on volume
- $ZAGG - Got that break over 11 on solid volume but thats a bad candle, tomorrows action is key. as long as we don't get the shooting star we are good to go here.
- $ADBE - Setting up to clear this resistance area, keep on watch
- $XOM - Setting up to make new highs, go long over 88 on volume
- $BBBY - Clearing this next buy area today, looking good for more highs
- $MOS - Holding above this descending trend line, next buy area when clears 200d on heavy volume. (59.30)
- $NFLX - Keep this one on watch, go long over 126.50 on volume
- $VMW - Clearing this next buy area on its way to new highs
- $BRCM - Clearing this flag, next buy/add when clears 39 on heavy volume
- $GOOG - Getting ready to rocket through 650 imo...
- $BAC - Could get through this next resistance at 10.05 this week
- $AZO - One can buy/add when this clears back over the 20d on heavy volume
- $MCP - Riding this descending trend line, once it breaks go long
- $SINA - Ugly pos, avoid unless short