Remember the key is to time the markets GREEN and RED zones with the GREEN and RED zones from the setups. If they are both entering their same colored zones at the same time then the probability of the setup working out is highest. Otherwise, market needs to be trending upwards to take entry of setups in the GREEN zones.
SHADED GREEN ZONES = Strong Buy Zones
SHADED RED ZONES = Strong Sell Zones
$SPY - MARKET OUTLOOK as of November 22, 2013
$SPY --> MARKET OUTLOOK |
$LGF - Lions Gate starting to uptrend and I'm liking it up to the targets I have outlined. It could possibly pass through the targets and head higher but I'm playing it safe with my two targets.
$LGF --> LONG SETUP |
$LIOX - Been watching this one for a while now and I think it still has legs to go higher. Waiting for a drop to the GREEN zone to take entry and target is above.
$LIOX --> LONG SETUP |
$BPOP - Slowly creepin up, needs to pass through the $29 area and if so, clear skies to $30.89 area.
$BPOP --> LONG SETUP |
$ROX - Took entry of this already as I've been watching it for a while now, sorry for not posting it earlier but I wanted to share this one with you as you might find your own entry on it and enjoy the juicy ride up to my two targets. Heavily invested by a major player, so this thing wants up. This one is my little secret. ;)
$ROX --> LONG SETUP |
$HSOL - I really like this one long, Solars getting momentum again and this ride looks perfect.
$HSOL ==> LONG SETUP |
SHORTIES
$DYAX - been watching $DYAX for a while now and I think it's showing signs of breaking down. If market turns red again, I'll be looking to sell this one short.
$DYAX --> SHORT SETUP |
$NNVC - This one is breaking down hard, in an up market. For that reason, I'm looking for a small rally to the RED zone where I will short it to the targets.
$NNVC --> SHORT SETUP |