Category: set-up

Set-ups

$MMM – PB Long3M COMPANY


$MO – Anti ShortALTRIA GROUP INC.


$AMX – PB LongAMERICA MOVIL S.A.B. DE C.V. ADR SERIES


$CERN – PB LongCERNER CORP.


$CU – Anti ShortCU BANCORP (CA)


$HTZ – PB ShortHERTZ GLOBAL HOLDINGS INC


$IDCC – Anti ShortINTERDIGITAL INC.


$KR – PB ShortKROGER COMPANY THE


$MNK – PB ShortMALLINCKRODT PLC


$NI – PB LongNISOURCE INC


$SNI – Anti ShortSCRIPPS NETWORKS INTERACTIVE


$TGNA – PB LongTEGNA INC

Set-ups

Again incredible abundance of attractive set-ups. Surprisingly not only on the long side. Many financials are setting up an Anti pattern but I prefer to skip them all. Market overall seems to be poised to set another trend leg up – the fact that it did not start on Friday is surprising (maybe a warning), as there may have been a trigger by US bombing Syria first time. Also the fact that financials do not look healthy may be a warning of may be exactly the tipping point once they improve to push the whole market… well, I am not a TV pundit, maybe it rains, maybe not. I am leaning heavily long and unfortunately I’ll be off completely next week so will mostly manage my existing positions. Pity with exciting set-ups…


$AGN – PB LongALLERGAN PLC


$MO – Anti ShortALTRIA GROUP INC.


$AXP – PB LongAMERICAN EXPRESS CO.


$AJG – PB LongARTHUR J. GALLAGHER & CO.


$CERN – PB LongCERNER CORP.


$CTRP – PB LongCTRIP.COM INTERNATIONAL


$SSP – PB LongE.W. SCRIPPS CO.


$TGNA – PB LongTEGNA INC


$SFM – Anti LongSPROUTS FARMERS MARKET INC..png

Needs wide stop


$COTY – PB ShortCOTY INC. CLASS A


$IDCC – Anti ShortINTERDIGITAL INC.


$MAT – PB ShortMATTEL INC.


$P – PB ShortPANDORA MEDIA INC.


$TRIP – PB ShortTRIPADVISOR INC.

Set-ups

Abundance of set-ups this week…


$IDCC – Anti ShortINTERDIGITAL INC..png

Have this on my list for quite a while now and should be ready to either invalidate the pattern or drop if tipping under resistance.


$HTZ – PB ShortHERTZ GLOBAL HOLDINGS INC.png

Could be a quick one. Looks quite similar to the pattern 6 months ago. Competitor $CAR looks also terrible.


$POT – PB ShortPOTASH CORP..png

Like the upper shadows. Last 2 candles may be just random noise but if not could get some momentum to the downside.


$TRI – Anti ShortTHOMSON REUTERS CORP.png

This is anything but a clean set-up, but often the best moves come from the ugliest set-ups. A lot of weak days with upper shadows and momentum seems to align to the downside.


$ABT – PB LongABBOTT LABORATORIES.png

This is borderline. The candles do not look good, but the momentum does.


$RHT – BO LongRED HAT INC..png

Looks like a consolidation after BO out of the consolidation after the BO of a large range (better seen on HTF).


$GPN – BO LongGLOBAL PAYMENTS INC..png

Similar to prior one. Small consolidation at higher end of higher consolidation of BO out of HTF range.


$CHTR – BO LongCHARTER COMMUNICATIONS INC..png


$CONE – BO LongCYRUSONE INC.png


$CMCSA – PB LongCOMCAST CORP..png


$SCCO – PB LongSOUTHERN COPPER.png

Set-ups

This will be an interesting week. It’s all about equities and whether they will further break down out of the Anti set-up. I see a high probability and will enter aggressively short on further deterioration. I don’t see much edge to pick any particular stocks. The weakest group is probably the financials, so not sure yet wether to enter either ES Futures or $XLF ETF.

I will stay on the sidelines for long entries until the big picture resolves into either reversal or oversold, but the situation helps to find the really strongest candidates holding up in their bullish patterns. Further below a few I like most.


$XLF – Anti ShortSPDR - FINANCIAL.png


$EURNZD – Anti LongNZD.png

Maybe a few days to early yet, but seems the only interesting FX set-up at all.


$HE – BO LongHAWAIIAN ELECTRIC INDUSTRIES.png


$CVCO – PB LongCAVCO INDUSTRIES INC..png


$EPAM – PB LongEPAM SYSTEMS INC..png


$DRI – PB LongDARDEN RESTAURANTS INC..png


$PCH – PB LongPOTLATCH CORP..png


$SNI – PB LongSCRIPPS NETWORKS INTERACTIVE.png

 

Set-ups

Maybe first a long needed clarification:

The set-ups I post are based on my current PF and my personal view of what would likely enhance my PF over the upcoming week.

Currently my PF is positioned mostly short with reasonably tight stops. For the beginning of the week I see 2  likely scenarios:

a) further consolidation through time in a tight range near last week’s close and

b) volatility increase and thrust downside to wash out weak longs.

I do not see a strong upside momentum as likely, at least not on Monday/Tuesday. So basically my plan for stocks is to keep my current exposure and potentially add in case the downward momentum for scenario b) develops on especially short-term Anti shorts that could pick up speed in such situation. Said this, for this week’s post I skip the long positions (at the risk of being caught on the wrong foot), although my WL is full of interesting candidates, which may become of interest towards the end of the week.


$COST – Anti ShortCOSTCO WHOLESALE.png


$TSLA – Anti ShortTESLA INC..png


$JWN – PB ShortNORDSTROM INC..png


$ZC – PB ShortZCXXX.PNG

This one would ideally see some consolidation and volatility contraction around the current price level to set up for a HTF (weekly) breakdown.

Set-ups

$DATA – PB LongTABLEAU SOFTWARE INC. CLASS A.png
A little deeper PB than usual. Was counting for a FT candle Friday which did not happen, but set-up seems still attractive.

$UNIT – PB LongUNITI GROUP INC..png
Very good short term momentum.

$AGN – PB LongALLERGAN PLC.png
Tight PB after 2nd trend leg. Is in the middle of a HTF range, i.e. good further upside potential.

$RXN – BO Long
REXNORD CORP..png
Pressure againts upper range with timid breakout and very tight consolidation. Seems poised to break if market conditions are constructive.

$EEP – Anti Short
ENBRIDGE ENERGY L.P. CLASS A.png
Has been couple of weeks on my WL, seems ready to break down further if breaking out low.

$PI – PB ShortIMPINJ INC..png
Breaking below rising trendline


Set-ups

Plenty of excellent Pullback Long set-ups, but I’d rather not add to my PF at his point as the market may be ripe for a correction – not sure whether I am here too much with the consensus, but my statistics do not show at edge at this point so I simply let my long position work out. Still a few candidates on the short side and on the long side to keep an eye on:


$EFX – PB LongEQUIFAX INC..png


$CHTR – PB LongCHARTER COMMUNICATIONS INC..png


$FITB – PB LongFIFTH THIRD BANCORP.png


$IPXL – BO LongIMPAX LABORATORIES INC..png


$PPC – Anti LongPILGRIM S PRIDE.png


$KIM – BO ShortKIMCO REALTY CORP..png


$VRTS – Anti ShortVIRTUS INVESTMENT PARTNERS.png