[WEEK AHEAD]
Just a couple of tickers to keep an eye on this week - CSCO NUE CME. I'll also be watching BAC and X as these have become my favourites for TA intra-day.
Cisco - CSCO
Watching this as a short term trade. $15 has held well the past 4 days in the face of some heavy selling. Depending on how the market goes in the early stages of next week, you could catch some nice trades at $15 or $16. I would be long over $16 (short depending on internals and price action) and short under $15 (long depending on internals and price action). These either way setups are good to have leading into the week. I remain bearish on everything though.
Nucor - NUE
Short term resistance at $43 and gap price at $37.5. That's really what I'm using to trade this. After double topping at 200EMA at $47.5 I am bearish with targets around $33.5. A drop over the gap price on volume would signal a nice entry as would entries off $43.
CME Group - CME
Support and resistance levels at $235r $190r $175r $160s. Watching a descending channel in shorter time frames with 3 times tested support around $160. I am bearish but open to change. Looking to trade the support and resistance bands here, otherwise a short under $155 on volume.
BAC prices this week
Resistance $6.2
Support $5.4
Key levels $6.02, $5.85-5.95.
X prices this week
Resistance $33.5
Support $29
Key levels $32, $31
Retests at these levels a good opportunity to enter trades. Will not be watching any other stocks this week, however I do have an alert set on Coke (KO) at $41 for a range trade opportunity to $47.
Cisco - CSCO
Watching this as a short term trade. $15 has held well the past 4 days in the face of some heavy selling. Depending on how the market goes in the early stages of next week, you could catch some nice trades at $15 or $16. I would be long over $16 (short depending on internals and price action) and short under $15 (long depending on internals and price action). These either way setups are good to have leading into the week. I remain bearish on everything though.Nucor - NUE
Short term resistance at $43 and gap price at $37.5. That's really what I'm using to trade this. After double topping at 200EMA at $47.5 I am bearish with targets around $33.5. A drop over the gap price on volume would signal a nice entry as would entries off $43.CME Group - CME
Support and resistance levels at $235r $190r $175r $160s. Watching a descending channel in shorter time frames with 3 times tested support around $160. I am bearish but open to change. Looking to trade the support and resistance bands here, otherwise a short under $155 on volume.BAC prices this week
Resistance $6.2
Support $5.4
Key levels $6.02, $5.85-5.95.
X prices this week
Resistance $33.5
Support $29
Key levels $32, $31
Retests at these levels a good opportunity to enter trades. Will not be watching any other stocks this week, however I do have an alert set on Coke (KO) at $41 for a range trade opportunity to $47.
0 comments:
Post a Comment