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breakout anticipation setups for April 30, 2014




During market correction some stocks resist the selling and setup for further gains once weight of the market is lifted.


HDB is one of the examples of kind of setup to look for on stocks with established momentum that are ready for breakout. Any high volume range expansion in these stocks offer you good swing trade entries. 

List of stocks with established momentum I am monitoring for possible breakouts.



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Situational Awareness (SA) can save you money

As a swing trader you should be constantly reassessing the situations around you. The objective is to find favorable periods and avoid unf...

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More selling pressure

V bounce is now becoming inverse V. Momentum massacre continues and shows no sign of stabilization as of now. But the selling still is narr...

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Setup selection involves purposeful sacrifice.

There is a diner next to my house, if you go there you will find a menu that runs 10 pages. They have all kinds of choices available. Guess...

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The velocity of V bounce slowed down

The velocity of V bounce slowed down in last few days as it encounters selling after oversold bounce. New leadership might be emerging in n...

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It can bounce but can it rally big

Indexes are masking what is happening below the surface. They are approaching new high but breadth does not support the new high. If you lo...

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The bounce may not stick

After many months with no 8% plus correction , we finally had a multi week 8% correction in Nasdaq and small caps. Individual momentum lead...

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Vacation

Will resume posting after a week.

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Market setting up for a larger pullback

Market setting up for a larger pullback than we have seen so far in 18 months. Momentum and growth names have entered correction zone ...

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How to find new leadership

Money finds new sectors to rotate in to during correction. That is what is happening right now. Money has come out of  biotechnology , dr...