- Ryan Mallory
All my bullish swing trading setups to follow this week
Bulls are back to being in full control of this market. We got today what we haven't gotten in a long time from the market and that is follow through.
- Follow through from a previous day's rally.
- Follow through on a break through a key resistance level.
- Follow through, follow through, follow through.
If there is a chart out thre after the past two days that is still sporting a bearish chart. Dump it! Dump it fast, because any stock that can't rally when then market has popped 40 points on the S&P 500, is a sign that the stock is going nowhere.
I've scoured the planet to find stocks that are doing exactly that - still showing a bad chart in a suddenly good market. These are the ones you want to avoid for sure, and even short, if this rally was to suddenly come to an end.
I'm not shorting any of these stocks. I'm not shorting anything at all. This market is trying to roll, and I'm just trying to hop on board. Just familiarize yourself with these stocks, know the charts, and be ready to act if the market gives you a reason to.