High Probability Setups – Week of 1/3/11

INTC
Started position on 1/31/10 and am looking to add if there is no breakdown. The stochastics are turning up and the underlying has been resting on the upward TL for 6 days.  It’s holding the 50 ema with strength as well.

LLL
Will look for an entry when the stochastics pull back more.  Probably Wednesday.

MU
I am anticipating a continued move this week.  Looking to enter this in the morning on Monday.

S
This is a common breakout pattern called a falling wedge.  I have found that sometimes it takes a while to play out but when it does, the move can be explosive.

WLP
This is another stock that will have an entry midweek although a small scale in on Monday or Tuesday would be a good idea.

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One Response to High Probability Setups – Week of 1/3/11

  1. Pingback: Monday Trades « Zevon Investments

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