Tuesday, May 07, 2013

Watch List for Week of 5/5/2013

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This Week's Swing Trading Watch List from
Toni Hansen
Group Schedule
Our group meets every Friday at 4:00 ET. Each session is 90 minutes and begins with a market overview and outlook, followed by long strategies, then short strategies, and finally Q&A and further education.
Register for Friday's Session

Watch List for the Week of May 5, 2013

Please review the download for this week's session for greater detail on the securities and strategies discussed. Our Focus Stocks are covered immediately following the Market Overview.


Long Strategies

INFA
FST
HSII
AGU
PMFG


Weekly :
EVER
Short Strategies

CSCO
UNH
HUM
GPS
CVD
WAG
COV


Weekly:
UPS

Additional Daily Stocks to Watch
Long: TDC, DW, FNSR, ISRG, JCP, CG, RVBD, HOLX, BMC, CLF, ACHN, HON, INVN, DGAZ, KOLD, SINA, BBRY, EAC, MEOH, LXU, BDX
Short: A, TDG, TUP, TRV, CI, TIF, NWSA, 

Additional Weekly Stocks to Watch

Long: HAL, MOS, SOHU, GCA, BTU, OZM
Short: DLR, CALM
The Details

INFA is forming a weekly Phoenix and had volume declining as it congested this year. It has had two waves of weekly correction since January's highs and has held the upper 50% of the fall to winter rally.
FST is forming a 90 minute and weekly Momentum Reversal. The 90-minute setup triggered on Friday, but has potential for intraday continuation patterns with the next daily resistance just under $5. Con: Lacked steady decline in volume as momentum shifted on the monthly charts since early 2012.
HSII daily Momentum Reversal and weekly 2-wave correction into support from late 2012. $14.75 resistance zone.
AGU 2-wave correction on the weekly time frame. Now changing momentum on the daily charts. $98 first resistance. Con: Intraday momentum not yet shifting to favor bulls.
PMFG Daily Momentum Reversal and weekly inverse head and shoulders pattern. Con: Less liquid than most securities shared here.
EVER weekly breakout.

CSCO is forming a 2-wave Avalanche on the daily time frame after a Momentum Reversal. Cons: Increased volume as it congests and no momentum shift in favor of weakness intraday yet. $19.50 next daily support zone.
UNH 2-wave continuation Avalanche following daily bap. $55-$56 support.
GPS is forming a daily Avalanche with a weekly 2T and declining volume into the second weekly high. CCI also overbought and MACD indicating exhaustion.
CVD is forming a 2T following a momentum shift on the daily time frame with increased volume as it pulls lower. Cons: MACD not yet favorable and weekly and monthly momentum need more time for a larger correction to take place, so action is shorter term for now.
WAG momentum shifting on the daily time frame at major monthly resistance. As in CVD, we should expect more time at this resistance zone before a stronger pullback, but this is also upper channel resistance on the monthly time frame, so it's a great location to watch for shorting opportunities on 90-minute charts. Cons: monthly upside pace and CCI on the daily time frame is nearly oversold.
COV 90 minute pivot following a return to 20 day sma resistance on declining volume and slower upside pace compared to previous descent. Nevertheless, the retracement was over 50% of the drop on the 26th, so the zone of prior lows around $62 will be initial support.
UPS weekly Momentum Reversal with declining volume since 2011 as momentum shifts. Not yet ready on the daily or weekly time frame, so it has room to chop around before committing. Good area to trade shorts on 90 minute charts, but will have lower channel support on the weekly time frame to begin with.


Toni Hansen's
FX BOOT CAMP
begins a week from Tuesday!


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