Trading Ideas for 9/21

by TheWife

Market is looking quite bullish this morning after consolidating recent moves. As such, I will share some ideas into this Opex Friday.

I note several charts ready to break out to new 4 year highs. Among them refiner $TSO which has based out from last month's big move.

$DST can break 4 year high and is also in a lovely cup and handle formation with a bullish engulfing candle that came down to touch the 8-ema. 

$ALJ - took a position in this yesterday, is also heading for a new 4 year high in this curved pattern.

A couple of other positions I took yesterday include $MTG which is ready to work its way into the volume gap after consolidating above the 8-ema.

I also took a position in $OSG which was pointed out to me by fellow SharePlanner-Pro chat-room member and great trader @Brysenp. Shipping is currently hot and this little shipper has a nice big volume gap to move into.

I am also watching $LTD after selling it last week for moving too slowly. It finally made a move and is looking to break out of longer term resistance with this ascending triangle.  

High volume movers yesterday on watch for continuation today include $SQM.

..and $NIHD as it breaks out of this fry-pan bottom with a big move on massive volume.

A few more notables on watch today include $LGF, $APP, and $ZAGG.

Happy trading everyone.