TLT: Bonds did a fake out below the YTD break even and now getting back above the previous high/$130 resistance/rising 50 day. Right now using a 30m trend with the indices, also has 130m trend swinging back around
CSCO: Finding some buyers at break even with daily chart higher highs and lows, with rising 50 day. Watching for intraday trend to guide price higher. Right now likely 30m
GOOGL: Still in a place of opportunity holding right above $550, awesome weekly chart, higher highs/lows on daily, and 130m trend supporting price. Potential measured move equal to previous rally.
LNKD: Faked the break down into the gap and recovered with rising 50 day average. Watching for quick recovery using 30m trend to take it to new highs
TWTR: Held gap up, still technically a gap up continuation trade. Round number $45 also holding price with rising 50 day. Potential flag on weekly chart. Watching for 30m/15m trend to guide price higher
V: Never got the follow through from previous set up but trend still valid and setup is refreshed with tight consolidation. Holding above break even above a rising 50 day and $65. Again watching for quick intraday trend to guide price to new highs.
NKE: Was on watch list prior to gap as it held positive and swinging 50 day around. Gap up now makes this a gap up continuation potential and watching both gap up low or $100 round number support to hold. Intraday trend potential is unknown right now
PCLN: Very nice action off of break even, daily chart needs this higher low for this great looking weekly chart to kick off to the upside. Big buyers supporting this off $1000 support, enough for large gap up, and now break even (which is also right near 50% retracement). Again watching for quick intraday trend to take over.
TRIP: Rising 50 day, buyers participating and positive on the year. Willing to give this one a chance on a 30m trend (which it is currently using)
CELG: Just coming out of an absolutely beautiful consolidation above break even, above a rising 50 day, with higher highs and lows. One of the best consolidations you could ask for. Right now using a 15m trend and it is highly recommend you do not fight this. Even if 15m doesn't hold it has every other intraday trend sitting right behind it. 10/10 right here
GILD: Holding above break even all year, and now holding above $100. Nice little trend line break could trigger a nice intraday trend. CELG little brother
Ok so maybe there was more than just a few lol. But that's what I got this weekend, hope you found that helpful. Thanks for reading
03-22-15 Trade Plan - Link Here
-Michael
