I’ve taken a long position in BUD, but may add 1-2 short positions in the next day or so. My entry in Anheuser Busch (BUD) at $88.99 happens just as the stock is on the verge of breaking out of some major consolidation of late. The second position, Clean Energy Fuels (CLNE) has failed yet
VMC Consolidating at the highs with a bull flag pattern. Stock: Vulcan Materials (VMC) Long or Short: Long Entry Range: $53.01 – $53.25 Stop-Loss: $51.33
WYNN in a holding pattern before breaking out Stock: Wynn Resorts (WYNN) Long or Short: Long Entry Range: $113.50-113.75 Stop-Loss: 110.40
Pre-market update (updated 9am eastern): Europe is trading 0.1% higher. Asian markets traded -0.3% lower. US futures are flat ahead of the open. Economic reports due out (all times are eastern): GDP (8:30am), Jobless Claims (8:30am), Corporate Profits (8:30am), Existing Home Sales (10am), Philadelphia Fed Survey (10am), FHFA House Price Index (10am), Leading INdicators (10am), EIA
My potential swing-trading setups I’m watching We are about 30 points off of the lows that were established on Friday, so I wouldn’t be overly surprised if we pulled back even if it is just intraday before marching much higher again. It’s also the reason why I have been hesitant to add any new long
ADS breaking out of ascending triangle pattern Stock: Alliance Data Systems (ADS) Long or Short: Long Entry Range: $144.90-145.30 Stop-Loss: 142.16
PHG breaking out of ascending triangle pattern Stock: Koninklijke Philips (PHG) Long or Short: Long Entry Range: $26.24 – 26.50 Stop-Loss: 25.83
LULU breaking out of long-term bullish flag pattern. Stock: Lululemon (LULU) Long or Short: Long Entry Range: $72.75-73.25 Stop-Loss: 70.60
SIG trading in bullish channel with a short-term bull-flag in place Stock: Signet Jewelers Limited (SIG) Long or Short: Long Entry Range:Â $54.00-54.50 Stop-Loss: 53.25
Lazy Trades long and short for swing trading I haven’t added any new positions yet today, I was tempted to early on, but once the market ripped 14 points higher on the SPX without even blinking, I knew I’d be better served to wait for a pullback before getting long anything. I do have