Sunday, November 21, 2010

Favorite setups from ST50 for week of 11/22

I hope everyone is having a great weekend.

Last week the market continued with a correction with a rough day on Tuesday, but stabilized and moved higher on Thursday and Friday.  The hourly chart of SPY is showing some resistance at 120.35 and 120.90.  If we can clear these levels, then I believe the uptrend resumes and eventually make new highs.  It is not uncommon for the Santa Rally to begin the week of Thanksgiving.

SPY Hourly:
SPY

SPY Daily:
SPY1

There are some fantastic setups again this week from the Stocktwits50 list.  Way too many for me to include all in this post.  So I am picking what I believe are the best setups:

TRS: Long above 18
TRS

EXPD: Long above 52 with first target around 53
EXPD

MSB: Long over 42.50 with first target around 45
MSB

AREX: Long above 19.25 with first target around 21
AREX

APKT: Long over 44.30 with first target around 45
APKT

CMI: Long over 94.50 with first target around 98
CMI

UAL: Long over 29 with first target around 30.50
UAL

LFL: Long over 31.80 with first target around 32.80
LFL

HUSA: Long over 16.30 with first target around 17.30
HUSA

Please do not forget to do some more research if you decide to use any of these setups, such as any news announcements, earnings, etc.

Have a great week.

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