Top Setups for Feb 24

Yet another strong day for the market but with a twist.

Major indices once again had a sideways consolidation day and ended the day flat or slightly green. However, and unlike last week, there was a lot less strength under the surface and it seemed that the whole market was carried by one stock: AAPL.

None of this is alarming or technically significant. Conditions remain unequivocally bullish, but we do need a rest.

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

ADM - Continues to consolidate in a tight range above the 200dma, now needs a push through 48.50-.60

CRTO - Starting to move out of an almost year-long base, seems to be getting ready to push through 45

CYTR - Narrow consolidation around the 200dma within a well defined price structure, now needs a push through 3.30

EW - Narrow range consolidation, seems to be getting ready for a push through 135

HDB - Bull flagging above the 20dma, needs a push through 60

MARA - Constructive pullback to support, now getting ready for a push through 7 and toward the 50dma

ORLY - Very extended, but short tight flag suggests the potential for more upside

Posted to Tactical Alpha on Feb 23, 2015 — 8:02 PM

Recent free content from Noanet Trader

Comments ({[comments.length]})
Sort By:
Loading Comments
No comments. Break the ice and be the first!
Error loading comments Click here to retry
No comments found matching this filter
  • {[comment.author.username]} — Marketfy Staff — Maven — Member
Want to add a comment? Take me to the new comment box!