Good setups are starting to show up | stockbee

5/01/2014

Good setups are starting to show up

As a momentum and breakout trader, my view about the market is colored by what kind of setups and opportunities show up in my set of scans.

In last few days the only good long opportunity that showed up in my scan was GOL.


But yesterday there were many good setups showing up. There were around a dozen good setups in scan yesterday:

GWR
ARII
AEGN
BWEN
REMY
INT
ECOL
UVE
NBR
TDS
FXEN
VIV
GSOL

You can look at these and research them on Finviz 

One day does not a summer make , but it is constructive start when you see setups like UVE.


UVE is the kind of setup as swing trader I like for possible 8 to 20% move from here.

If we see proliferation of setups like these then we might have lots of trading opportunities again on momentum stocks. 

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