My Swing Trading Long Setups I’m Following
As I do each week, I’m publishing my long-setups for swing trading as they currently stand. On the top of list is Chipotle Mexican Grill (CMG) (and boy do I love me some burritos – I may have to run to Taco Bell before finishing this post!).
CMG has a targeted entry of $278 at the moment, but I am getting a tad bit concerned with the non-stop upward move in the markets right now. As a result, I may end up taking an existing trade off the table if I find myself in CMG by day’s end.
As for the market, we are in full swing with the Santa Rally and it may continue to march higher, but I’d expect we’ll get a pullback in the next few days. I don’t think it will be much but wouldn’t be surprised to see it to the tune of 5-10 points.
As for the rest of these trade setups, Theare are ripe and ready for the trade or very darn near close to it (like in the case of CMG).
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