Tuesday, January 28, 2014

TRADE IDEAS FOR TUESDAY, JANUARY 28, 2013

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STR - long trade
 Idea is bounce possibility from monthly 20sma and triangle breakup. We can see that on the weekly chart too and next resistance will be 50sma resistance area what is also daily 200sma resistance area. Because of that I won’t move stop on STR that fast until weekly and daily resistance will be broken. Another entry for STR is above those resistances but I will sue daily consolidation and resistance and IO will take that risk earlier at $23.25 with stop under yesterday low.
Trading plan:
Entry:  $23.25
Stop:     $22.70
Target area:   $25-open   
Type:  swing trade




TRADE IDEAS FOR MONDAY, JANUARY 27, 2013





























EDN, NOV and SPSC all have pretty clear head and shoulders on them, 
EDN is an Argentina utility, Argentina is having a lot of problems, it 
"MIGHT" get to the 200 MA around $4, NOV and SPSC are pretty clear, 
the problem of course the markets could bounce at any time, especially 
with the EM's bitching about our FED causing the problems by reducing 
liquidity.
CMS is a could "GO EITHER WAY'ER", big triangle on the 
weekly chart. 
As always, risk management is always your most important asset. 


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