Sunday, June 30, 2013



Watch List for the Week of June 23, 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

FINL

VRTX
SA
CDE
DATA
CPSS
Short Strategies

CERN
UNH
TSN
ADM
ANDE
MHK
WFM

Additional Stocks to Watch:
Long: RUSL, NVDA, CHKP, MTZ, ISRG, FBC, YONG, COLE, GCI, SIL, NUGT, SAND, PAAS, AG, CINF, UGAZ, UNG, BOIL, MCP
Short: AZZ, GILD, SRE, AMG

Last Week's Selections: 
Strikethrough = No trigger and no longer of interest
Long: THRX, INTU, CMCSA, EBAY, QCOM, BIIB, UNG (longer term watch)
Short: UNH, TSN, GILD, DLTR, ADM, ANDE, MHK, WFM, SRE

June's Investment Watch List for Position Traders: 
SMN, MAKO, ARNA, PWR, BSX, GGS, HWKN, LCUT, DNB, STJ, NVDA, APA, EXPD, LVS, POT, FLY, EVER, OZM, APL, EEP, FNSR, NVDA, GCI
The Details
Please see the video for even further info! 


FINL 
is a daily breakout on high volume. The monthly trend placement is a con, but there is little overhead resistance prior to $24. 
VRTX
 has been basing at highs since gapping in April. A shift in momentum on the 90-minute time frame can easily allow this to retest the year's highs to date and even establish slightly higher highs despite the monthly extension.
SA and CDE are mining companies whose areas include gold and silver. These metals, along with the mining companies, have been forming daily and weekly Momentum Reversals on the long side into the weekend. They are very similar to AAPL several months ago. The upside follow-through potential is also similar in its limits.
DATA
 is forming a 2-wave continuation buy on the daily time frame. It is a recent IPO. Overhead resistance between $62-$63.

CPSS is forming a 2 wave correction into support on the weekly time frame with a momentum shift. Watching for a reactionary bounce. $9 will be initial resistance. 

UNH is forming a momentum reversal on the daily time frame following a 2T on the weekly charts. Use the 90- minute charts to time downside continuation moves. 
TSN, CERN
 are forming momentum reversals on the weekly time frame 
ADM, ANDE, MHK, WFM have all experienced an initial wave of downside on the weekly time frame. I am watching them for continuation strategies on a daily time frame for a second wave of selling as Avalanche short strategies. 


About Toni Hansen
Toni Hansen is president and co-founder of Trading From Main Street. 
With over 15 years of trading experience, Toni has become a leader in trading education, working in conjunction with some of the world's top financial exchanges, such as the International Securities Exchange and CME Group. 
Toni is a featured author for TheStreet's RealMoneyPro. 
She is a popular speaker for The Money Show and other major industry conferences and is the author of several books, including the award-winning Simple Steps to Trading Discipline: Increasing Profits with Habits You Already Have.
Her unique style of technical analysis is based upon what she has dubbed her "Building Blocks of Price Development". Learn more about Toni Hansen and the trading and educational services she provides through her website at http://www.tradingfrommainstreet.com.

1 Comment:

Jay Jay said...

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www.tradingwiththeaveragejay.blogspot.com

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