AI
Sunday, June 09, 2013 10:50:06 AM
Couple of swing trades I am keeping an eye on this week.
CAT Daily & 60 min Chart:
Channel break out first stochastic rotation. We broke out of the channel and now we held the channel line on the pull back and the sto got over sold. I like this for a nice bounce this week.
Would like to see a little gap down Monday morning to be able to get a better price as I am looking to get June 22 options on this and to have the sto rotate downa little more.
PBR Daily & 60 min Chart:
I dislike PBR just as much as the next person but we are on the lower trend line on both time frames and the daily has responded nicely to this trend line. Looking to pick some commons instead of options as it could be a longer term hold with RISK.
HAL Daily & 60 min Chart:
Oil Service sector looking good for this week as you saw in SLB last week that I know a few people played. Lower trend line bounce last week but there is no reason we cant go higher with the sto still over sold. Looking to buy commons unless the 60 minute sto can get oversold again.
FST Daily Chart
Still liking this chart to try and make a break back towards the 200 ma. Positive things going on with this company.
CAT Daily & 60 min Chart:
Channel break out first stochastic rotation. We broke out of the channel and now we held the channel line on the pull back and the sto got over sold. I like this for a nice bounce this week.
Would like to see a little gap down Monday morning to be able to get a better price as I am looking to get June 22 options on this and to have the sto rotate downa little more.
PBR Daily & 60 min Chart:
I dislike PBR just as much as the next person but we are on the lower trend line on both time frames and the daily has responded nicely to this trend line. Looking to pick some commons instead of options as it could be a longer term hold with RISK.
HAL Daily & 60 min Chart:
Oil Service sector looking good for this week as you saw in SLB last week that I know a few people played. Lower trend line bounce last week but there is no reason we cant go higher with the sto still over sold. Looking to buy commons unless the 60 minute sto can get oversold again.
FST Daily Chart
Still liking this chart to try and make a break back towards the 200 ma. Positive things going on with this company.
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