MuskyGuy

JOY - The price bounced right off of the support line this afternoon and began moving up. I am looking for a move out of the pennant with a retest of the 41-42 area.

SNI - The 60 minute chart is oversold and the stock has been trying to reverse it's down trend over the last couple of weeks. I am not looking for a big move here but I am looking for a move back up to the 68 area.

MCD has tested this level a couple of time and this time appears to be no different. All the time frames are lining up and I am anticipating a bounce over the next couple of days. I have entered June 19 calls @ .91 with a stop @ .76. I will move my stop up to break even as the trade becomes .05 cents over my purchase price.

Looking for a move lower based on a divergence between the price action and the stochastic. Price has made a higher high and the stochastic did not. Any weakness in the market has the potential to move the stock lower. If the market opens up tomorrow and there is any weakness in the stock I will enter July Puts.

I know today was not great and the bears are screaming that the correction is beginning but all we have really done is get back into an oversold condition with support right below us and we are sitting right on a lower trend line from a downward channel.. A coiled Stochastic on the fast time frame could equal a nice pop and push back up to the top of the ...

MRK - 60 min chart is set up perfectly for a bounce. This is a higher risk trade as the daily stochastic is still looking for lower. Will get long via Calls on any weakness on Monday 5/8.

WMT - Oversold on the Daily and the 60 minute charts. We are sitting on the lower trend line with a major support sitting roughly .50 below us. Looking for a gap down and for the bounce to start. Will look to enter Calls on continued weakness.

Looking for CMG to make a push higher here. Stochastics bouncing out of oversold. Fast Stochastics as coiled and nice 60 minute candle all spell a higher move. Long via 615 calls.

CAT has been on a good run but a strong pull back will set up for a nice bounce. Looking for a bounce off the X marks the spot area. Will entry Calls when the time is nearing.