Anticipation Setup for April 28, 2015

Last Friday I had put a caution because of the excessively positive breadth. This leads to corrections or pullback and we saw that yesterday. We will have to see if we get a follow through to yesterday’s action. Follow through has been absent last couple of times as dip buyers come back every time.

AAOI HASI JMEI MVNR IIVI XENT ISLE CRUS OLN JBLU SPTN

Are some of the stocks today on my watchlist.

What to look for in good anticipation setup

series of narrow range days in pullback/consolidation
orderly pullback with no 4% b/d during the pullback or consolidation
low volume pullback
low volatility during pullback
linear first leg if looking as continuation setup
Stock should go up smoothly and not in volatile manner
3 to 10 days consolidation/pullback
not up 3 days in a row

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