Top Setups for Feb 25

Given the weakness in biotech and AAPL today, I expected the market would finally have some kind of a pullback, however minor.

But it wasn't meant to be: other sectors like financials stepped up and led the market higher. The S&P finished the day some 0.3% up and the grind goes on.

Here are some of the setups I will be watching tomorrow:

AIZ - At a first glance this is an ugly, bearish chart, but seems to have solid support at 60 and could be getting ready for an oversold bounce toward 63-65

EVC - Controlled pullback to support around the 20dma, will be looking for a bounce through 7

HDB - Venky's favorite stock, continues to slowly move higher out of the short consolidation base, expecting acceleration with more volume toward 62

MATR - High and tight flag suggests it may be getting ready to push through 7.40-7.50

SZYM - Well developed bottoming pattern, now needs to get through 2.70

TJX (SHORT) - Bearish reversal on high volume today and a somewhat toppy pattern on daily, likely downside to 62-64

Posted to Tactical Alpha on Feb 24, 2015 — 7:02 PM

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