I think MLM is breaking out of a large triangle, but would wait for some volume confirmation before buying. Also VMC is likely to follow if it does breakout.
I just wanted to say thanks for the weekly watchlist. They are so much better than most trading products out there.
Unfortunately I'm not from the US and cannot really take advantage from it 100% but still, I wanted to convey this to you so you know there are people out there appreciating your work. Thanks.
Nice trade! The only way to trade those plan providers is to buy them down.
Coincidentally, we looked at WLP during our trading room today and discussed the ranges that this stock will trade in for extended periods of time. Might be a good spread candidate. However, if you can buy them down, its your best chance at catching one of its notorious breakouts.
Reader Comments (17)
I think MLM is breaking out of a large triangle, but would wait for some volume confirmation before buying. Also VMC is likely to follow if it does breakout.
Also, per what Jeff said about energy, watch XOM, RIG and SLB for breakouts soon
NAK might be breaking out.
Great list! Does anyone know how to find the link to the $10 Darlings this week? Thanks.
I just wanted to say thanks for the weekly watchlist.
They are so much better than most trading products out there.
Unfortunately I'm not from the US and cannot really take advantage from it 100% but still, I wanted to convey this to you so you know there are people out there appreciating your work. Thanks.
EE, I think you have to be a member of his premium service to get that list. www.tradingaddicts.com
Thanks, Nate. I wondered about that. Great list just the same.
My bad, here is the link.
http://finviz.com/screener.ashx?v=211&ta=0&t=HRZ,THC,HYC,MGI,FMD,VM,MPG,ALY,UXG,IVAN,MIC,DAN,AEC,GMO,BARE,CLRT,LCAV,DVAX,YRCW,CQP,BPOP,EMMS,EDAP,EXAL,VSCI,SWSI,TPI,ARIA,ANDS,MNKD,GFIG,NXST,SBGI
I added the link in the original post. Lot's o' good set-ups in there.
Rolled out of GTN today at $1.38. We bought that bad boy last week. Like GMO and MGI tomorrow morning.
OA
TLB better beat tomorrow. I have a monster position that's doubled since we bought.
OA
Thanks for your generosity, Jeff! I really appreciate the great list and the link. Let's hope it's a good week for all of us.
Anyone step into WLP at the close? I couldn't help but take a very small position since it hit the 50 MA and has bounced up from it in the past.
Nice trade! The only way to trade those plan providers is to buy them down.
Coincidentally, we looked at WLP during our trading room today and discussed the ranges that this stock will trade in for extended periods of time. Might be a good spread candidate. However, if you can buy them down, its your best chance at catching one of its notorious breakouts.
OA
I bought some CMC calls late in the day today anticipation of a breakout.
Great call on GMO Jeff
damn nate you was spot on,too bad i dont have money to trade right now
Jeff,
Thank you again for another great week!!!
investment manager
DM
GMO was a good one...but I am pissed I left so much on the table in YRCW.
OA