Hi all! There are a number of stocks that could be solid plays for tomorrow. I’ll list them, but will only go into detail on 3 due to time constraints. Here is a small list of stocks to keep an eye on:
$Z 15min bearish entry
$GS 15min bearish entry
$AXP 15min bearish entry
$SLV same short entry as yesterday
$CAT entry below 82.56
Of these 4, $Z is my favorite for a 15min entry and SLV is still looking nice with a close below 20.72.
Now, here are 3 with a bit more detail:
$LNKD: When I first looked at this chart, I was in love with shorting it. However, I’m now noticing that the oscillators are starting to turn bullish. That being said, I am waiting for a close below 164.92, so as we approach that entry, there is time for oscillators to turn back bearish. There are three targets. Starting from closest target to furthest: 159.94, 154.68, 140.35. I will choose a stop as we get closer to the entry.
FCX: FCX had pretty strong volume today. It’s possible that the bulls may turn this one back north due to the doji candle today, but I like a bearish entry with a close below 29.93. See chart for trade setup:
$PHM: Lastly is PHM. To be honest, I’m not sure if this one is a good 15min entry or a close below entry. Right now I have it as a 15min entry, but we are bumping into support over the past 5 days, so it may be more wise to wait for a close. At any rate, oscillators are supporting a bearish move. I like this one down to the 200 MA or to 18.81.