Trading Plan for Monday, 10/22
LULU - This one is toast, breaking down on HUGE volume. Watch this next big support.
BIDU - With earnings coming up this is one to avoid, could go either way.. support/TL are the next action points on this one
IOC - Watch how this one acts when within this channel of support. Pretty strong with the 200d inside of it
OXY - If it breaks this support again, it's headed much lower imo...
AEGR - Breaking higher, looks like it may be close to taking a rest. Here are all of the major support/resistance areas for the current run
SPY - Breaking down on heavy volume, should test this support soon... I have a hunch we get back over the 50d once more though
ORLY - It's making up its mind here (looking like a downward spiral) if the market rolls over it's time for some shorts/puts.
SHLD - If it breaks this trend line on volume I'll be taking a short position
Charts -
BIDU |
IOC |
LULU |
ORLY |
OXY |
SHLD |
SPY |
AEGR |
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