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With Transports going out to all time highs ODFL ran across my screen Todays close presents us with a great risk reward oppurtunity. Thesis is for monthly timeframe to catch 70 RSI level support here and remain in an out right bullish trend.

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Stop slightly below low here. It could move sideways here in a tight range for a few days. Careful to to get chopped out. Ideally target is near recent highs. Bullish RSI bounce on the 3 day time frame. Higher timeframes look like they could support prices here.

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Stop slightly below todays low. Thesis here is a critical RSI level bouncing on the daily. The weekly RSI is likely to bounce on the 70 level. Minimum target is the most recent high Profit taking for the trade will be entirely discretionary.

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Ill give it a IBD standard 10% stop loss. LT play

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Stop not shown. Manage trade per your own risk tolerance

gumbtg Updated 

Going to nibble into a long position here. RR is defined. Has been a lager, so taking a position here is betting against recent relative strength.

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Energy has been lagging the oil recovery significantly. Looking at the RSI of XLE on the monthly chart suggests that this could be the month that XLE finally makes a sustained move higher. The month has yet to CLOSE above our RSI level, but its a starting point.

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Thoughts: While the RR here is well defined something to consider is the follow through going forward due to complete retrace of the recent RSI breakout we just had. I Suspect this will limit the size of the next move to occur; however I have only limited data on the subject matter. Above the marked RSI level one might adopt the thesis that a new upward leg is...

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Oil Services has been lagging the energy recovery. This could be the start to another move higher. Recently OIH has had massive under-performance relative to oil. Breakout out or get out. Maintain the RR. The under performance has be significant thus far.

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RSI levels marked that are significant levels to watch for a move higher. So far so good. Managing risk here ahead of earnings.

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Tight RR. Swing oriented play here. Entry and exit marked Anticipation for entry, no postion yet. Alerts set

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Chart interest me too much not to publish an idea on this. Not taking action right this second RSI and MACD likely test their supports here. If we bounce it is definitely a buy. I will take a teir 1 position at the least there. RSI is in the right zone for a move higher here it seems.

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Risking a little under 4% to take on this trade. Targeting 8% gain using a measured move calculation from the previous consolidation we just had. Strong fundamentals such as double digit revenue growth YoY, decent valuation, respectable PEG ratio, respectable margins, solid cash flows.

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RIP to the shorts. In all seriousness thou financials look strong here. I think this is moving higher. RSI uniformity breakouts are some of the best signals in the business. I think this one is good to go.

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Looking for more volume to come in here to confirm. Minimum target here only provides a 1 to 1 RR. May be better options out there

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Both Mu and AMAT seem to be trying to move higher right now. MU has started its run slightly before AMAT. AMAT trades at fair valuations. EV/EBITDA is at 12.85. PEG ratio is at 0.7. With great growth I feel as thou I am not paying too much at these prices. We could have a retest of fake out here. I plan to take a position. I should of already taken a pier 1...

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JPM seems to be strong right now in these market conditions. Divergence seen on daily stochastics suggesting that momentum may be shifting to the upside. Watch volume here closely thou. We would like to see strong volume as we move higher, showing bulls have conviction here. If we see distribution volume at these levels I would proceed with caution.

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With the retest just now. Looks to move higher here