ABC has been in an uptrend for many years - with some periods of pullback and sideway movement on the way.
In more recent times a mini pattern had emerged (on the daily chart) of a move up followed by several weeks of consolidation. This can be frustrating, even for longer-term traders. But since the gap up (on earnings and higher volume) on 30th October a...
ROST could offer a good near-term buy on Fridays' gap up on higher volume. The bar was very bullish - adding to the momentum to the upside - and easily cleared the 2013 pivot high.
For longer-term traders, however, the large gap up could easily be filled - so we would want to see some sort of pullback or retest of the 2013 high before considering this a buy...
NKE has cropped up quite frequently on our breakout lists lately. It doesn't have a very linear history (pullbacks tend to be too deep for most risk management structures).
But since breaking above the $80 mark it has offered several opportunities to buy. The October pullback was not too deep, remaining comfortably above the daily 50ma. Once price broke $90 NKE...
On yesterdays earnings announcement price gapped up on DLTR (with higher volume). This offers a good near-term opportunity to buy this stock for a quick profit. Ideally, it would've been nice to have seen a more bullish bar.
For longer-term opportunities this stock has trended well in the past, but since June 2012 the trend has not been able to re-established...
While other stocks have rallied this year, VFC has been in consolidation. Although this has lasted several months, the actual price range was fairly tight, sticking around the $60 mark. After breaking out in September price retested the top of the consolidation zone before continuing it's upward trend.
Yesterdays bar confirmed a bullish flag and price is now...
After the stock split earlier this year AAPL has become a much more affordable stock to trade. It was already in an established uptrend when the split occurred but stuttered around the 2012 high ($100.72).
As with many US stocks Apple was being to trend well when the market-wide October pullback slowed the trend. It also happened around the time Apple had begun...
UNP has been a profitable trending stock but, as with many other positions, the October pullback was too deep to justify remaining in the trade.
On the weekly chart the trend has remained pretty much intact since January 2012, even with the recent pullback. Price did not breach the 50ma, and only spiked below the 100 figure.
But on the daily chart the pullbacks...
On the weekly chart TRV looks to be in a fairly linear trend, but some of the pullbacks have been too deep and would have stopped most trend traders out of their long positions.
The more recent consolidation can be seen on the daily chart. Since earnings were announced price has risen quickly, breaking out of the consolidation zone and breaking through the figure...
ORLY has convincingly broken out of an 8 month range. Last week a bullish flag was confirmed on the weekly chart.
On the daily chart price gapped up on higher volume. Support is now around the 160 zone.
The gap was too soon to enter on a longer term strategy, due to the prolonged consolidation - it could have been a fakeout.
I will be waiting for a pullback...
EURUSD shows a consolidation on the daily time frame and is an unconfirmed bearish flag formation on the weekly.. Confirmation of the chart pattern will be a breakdown below support.
Costco has been trending up for a while and this is why we do not fight the trend. It is far simpler to trade the direction of the trend than against it.
Price has broken through resistance on both the weekly and daily chart and dealing just above 130. If price can stay above the daily resistance then we may have a but candidate again since the pullback started...
Apple recently broke through resistance after a gap above $100. We are waiting for a continuation pattern before entering a position on this but the trend is certainly bullish.
Next Earnings is January 27th 2015 after market.
FDX is another one of our preferred trending stocks and has been discussed in our private forum a few times.
Price broke out of the regression trend channel almost 2 weeks ago and continued to trend upward. Yesterday price closed above the resistance level and this has now been placed onto our bullish watchlist.
Wewill wait for a chart pattern to set up any long...
DPZ was originally mentioned and discussed on October 14th after the gap up on Earnings. Since then price provided a continuation pattern and moved up another $4.
Resistance is likely to be around $90 and if price moves beyond that then the $100 resistance is likely to be a good obstacle.
As a trend trader, I follow the trend which at present is clearly up but...
LMT is one we have discussed on our private traders forum over the years. The weekly has continued to be in a good uptrend and looking at the daily, price broke the resistance yesterday after a recent bounce from the 200 day moving average zone.
The next Earnings release is scheduled for January 22nd 2015 before the market opens.
Some Dynamic Traders traded the Gap and Go on HD after the Earnings in August 2014. It has been almost two months since that profitable exit and now price looks to be heading up once again.
The next Earnings is in mid November and price is approaching the big figure so we will wait until both those events have passed before entering into this trade again if a set...
CSX has been on our recent bullish watchlist and today seems to be testing resistance.
With the recent better than expected earnings, a gap up today, an uptrend already in place and with price dealing above all the major moving averages, this looks to be setting up for a buy.
Price is also making fresh 52 week highs which we like to see for good trend continuations.
The fact that NZD/USD has reached major Support line on weekly + EMA 200 (on tradingview EMA is much higher i dont know why? on two other platforms is EMA 200 supporting weekly NZD/USD here it shows like break, check on your charts).
Scenarios:
1. Here we can get agressive bearish 123 and retest of structure, it may be powerfull if it break that support ;) So...
