1/29 setups

Mosse Rodbay setups

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RALLY - Despite the big down day it’s hard to turn bearish considering the strong seasonal tendency and the strong breadth reading. Keep in mind that it is very rare to see major pullbacks at this time of year why I’m sticking with the statistics rather than letting my emotions get the best of me. Sticking with the plan and having a stop loss is the best cure against any worry in this business. Good luck and always use stops!

B5332B3A-6912-46E1-A8EB-B35328436672

893BEC9F-B8E1-4F23-BCC6-8FF1D977FE25

 

long

http://finviz.com/screener.ashx?v=211&t=CMG,NOW,PANW

CMG – breakout, RS line in new highs before price, EPS 2/3

NOW – breakout, RS line in new highs before price, EPS 4/22

PANW – hidden smash, breakout, strong RS line, EPS 2/23

short

none

1/28 setups

Mosse Rodbay setups

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RALLY - It’s hard to believe that yesterday was a down day as many stocks held up really well. This is ideal behavior where you see the market pulling back while strong names reveal themselves by holding up better than the general market. This simple relative strength method allows you to find the big winners once the market stops pulling back. I wish you good luck and remember to always use a stop!

E4C3B355-1713-40C0-8FCF-9D247BD5AAE8

F119D56F-77CE-4E0D-A354-360A072C8E7A

 

long

http://finviz.com/screener.ashx?v=211&t=CMG

CMG – breakout, RS line in new highs before price, EPS 2/3

short

none

1/27 setups

Mosse Rodbay setups

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RALLY - To see NYSE breadth make a new high before price is very bullish. As many stocks have moved beyond a low risk entry there are not many opportunities right now as most have already triggered. At this time it’s best to stay disciplined and wait for setups to develop rather than chasing. Good luck today and don’t forget to always use stops!

6AE9FE9A-3664-4ACB-9590-CA761A16CA26

F119D56F-77CE-4E0D-A354-360A072C8E7A

 

long

none

short

none

1/26 setups

Mosse Rodbay setups

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EARNINGS - A friendly reminder to double check all earnings dates to avoid getting caught with a nasty overnight earnings gap. As a short term trader I do not like to trade over earnings because of the overnight risks involved. If you do choose to hold over earnings, always focus on how much you are willing to risk. Some short term traders like to hold over earnings but only when they have a profit “cushion”. Always use a stop loss, good luck!

8948FBE3-6475-4012-A3C6-957108E98B76

F119D56F-77CE-4E0D-A354-360A072C8E7A

 

long

http://finviz.com/screener.ashx?v=211&t=CMG,ZEN

CMG – bull flag, EPS 2/3

ZEN – base cheat area, EPS 2/11

short

none

1/23 setups

Mosse Rodbay setups

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RALLY - Names like CNC and DKS have behaved really well so far and the challenge will be to stay disciplined and not chase extended names. It’s crucial to have the patience to wait for the right opportunities which offer low risk and high reward. Studying the market internals it’s very bullish to see breadth making new highs ahead of price which tells you that this rally has legs especially when we also have bullish seasonality. I wish you good luck and don’t forget to always use stops!

7A4FE230-FAC5-4558-982B-1210150ADC20

7813906D-F0EE-42E0-A779-6A2C2FB96C92

 

long

http://finviz.com/screener.ashx?v=211&t=CMG

CMG – hidden smash trigger, bull flag, EPS 2/3

short

none