Getting right into it...
TLT: Bonds are still in an interesting spot coming back into break even on the year with the previous low back near $124. I think there will be buyers stepping back in from here to break even, and it's something I'll be looking to play on the first bounce.
Opportunity: Reversing intraday trend above YTD break even to continue bigger picture up trend.
AAPL: Real nice uptrend, one of the first stocks to trigger. 30m trend has been holding since at least the gap up.
Opportunity: Continue to ride the 30m trend with trailing stops. Already at all time highs, stock market leader
GOOGL: Just like last week I think there is real potential for Google to make a comeback with a trend above $545. Right now we have 130m trend forming (which is perfect for a leading stock, higher time frame trends = stronger, more longevity than lower time frame).
Opportunity: Holding swing points 130m trend to see higher prices. Potential leader.
LNKD: Gap up continuation still in motion. I didn't like the first candle but the consolidation since has shown very good strength.
Opportunity: Holding gap up low and forming sustainable trend. Already at all time highs, potential leader
V: Held a demand zone at $250 and bounced back above into positive YTD performance. Holding up very well since, currently holding a 65m trend.
Opportunity: Continue to hold 65m trend and swing points. Already at all time highs, potential leader.
NFLX: Holding daily overbought with powerful intraday trend holding. 30m trend in motion right now, new all time highs are in the cards.
Opportunity: Holding an intraday trend to move into all time highs. Daily overbought is just the icing on the cake. Potential leader
WYNN: Former extremely strong leader. First signs of strength in a long time are coming in right now while indices are breaking out. Keeping an eye on it for that reason.
Opportunity: Buyers form intraday trend while indices are strong to see higher prices.
Remember that risk management should be implied on every one of these ideas. I may write a disclaimer for each of these posts reiterating these are not buy and hold, these are positions where risk is closely monitored and managed if needed. For now this will do. If anyone has ideas to make these posts better each week please feel free to let me know. Thanks for reading
02-15-15 Trade Plan - Link Here
-Michael
