Trade Setups

My one trade so far this morning involving Eastman Chemical (EMN) at $83.04, but my fill came in at 83.03. Solid cup and handle pattern, with strong support riding up the 50-day moving average.  Here’s the chart on EMN.

With a little more weakness than what we are used to of late, you may want to be equipped with some short plays, should this market make a move lower today.  Here are the 6 stocks setting up as potential breakdowns.

Of all the setups in my watchlist and scans this morning, and a few given by my friend Adam over at Bullogic, I’ve got 9 stocks that are really a mixed back of setups – from breakouts, to trendline pullbacks, to major pattern confirmations. Make sure to add these all to you watchlists.  As

Finally got the fill on Ford Motor (F), which I had been in eye-ballin’ since last week. The cup and hand and its location in the current trend is ideal, and as long as the market holds up, should see a very nice pop in its share price. I’ve currently got my stop-loss

Few breakout plays that I have my eyes on this morning. Amazon.com (AMZN), in particular, is really enticing. RF Micro Devices (RFMD) and Perrigo (PRGO) have a little ways to go still. But all three of them offer intriguing opportunities.  Here’s the breakout charts.

I went long MENT early this morning when it broke above $12.15. It does have the tendency to be a wild one, and quite honestly it is easy to get stopped out prematurely in it, especially at the early morning open. Nonetheless, I couldn’t resist the setup with a high reward opportunity and low risk

Below you will find three solid breakout candidates that I think you all need to be watching. All three of them are in the early stages of the breakout, all three of them looking equally tempting to me. I would though, like to see the market breakout out of the intraday downtrend it is currently

One of the better setups out there right now, and once the market showed some signs of life, I jumped in SNE, which is bouncing off of its lower channel, as the stock itself trends upward very nicely.  Here’s the SNE chart.  

No activity on my end yet this morning. I am watching a myriad of stocks, and below I thought you might be interested in three in particular. So far the market is range-bound and I am watching the highs and lows from yesterday to determine where this market may in fact head for the remainder

Here are four of the stocks that I am paying particular attention to right now. The one that seems most alluring to me is AIT and if the market can hold itself together, then I may initiate a position in it.  Here’s the charts.