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First, I apologize that this wont be out before the market open, I think I had food poisoning last night and it was a rough ride. I am looking at the markets and stock set ups that have been discussed and wanted to just review a few things to watch for going forward. We'll start with our market recap ..
SPX futures are down as I write, but there is still upside possibility short term, if this breaks out.
That being said, there is still this reminder...
Read MoreYesterday I had a ton of bullish chart set ups and I posted some of them here. Since we are in an earnings period, some of the charts broke out higher, some went lower, and others broke out higher and then reversed lower. It felt like a roll of the dice, but honestly, the bigger picture of the markets themselves may have a lot to do with future direction of many stocks, so lets review some charts again!
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SPX - I figured we'd make a run for the top of this wedge, but that resistance line reversed price again. It is running out of room!
The NASDAQ gapped higher and didn't quite give it up...
Read MoreI dont want to spend a lot of time discussing the SPX, DOW JONES, NASDAQ, ETC when you can just look back at the weekend report and see that not much has changed in the bigger picture. Instead I want to run through a bunch of bullish looking charts. Oddly, it seemed that in almost every sector that I went through on Monday, Bullish set ups were there. Lets view about 30 charts from various sectors and discuss a few of them.
VJET- 3 D Stocks have bullish set ups. For traders , this is a low risk entry above the 50sma.
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