Hi, these are just ideas not recommendations, sometimes I trade my ideas, sometimes I don’t.
Always remember, yours is the responsibility for your trades,
Good luck,
Erick



Thursday, June 15, 2017

Masco Corp (MAS), AmerisourceBergen (ABC) and Newell (NWL).



So this is a setup that works like 50% of the time, anyway short term stock movement is market related, being that, If you trade this setup consistently within a fair market you are going to make money half of the time, but your winnings are going to be superior to your loses so at the end you’ll have a nice profit to show.



Masco broke above a consolidation with above average volume, the ema(21) and the 45 degree trend line should hold if the stock is going anywhere. Let’s see if MAS can climb the wall of worry. So far so good.


ABC behaved excellent in this weak market day, we’ll like it to break to the upside of the 45 degree channel.



Newell Brands is the other candidate.



The Dow Jones holding still strong.



I’d avoid tech for now, so can the Industrials resist the Tech downturn?


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About Me

I am a civil engineer who likes charts, to me, speculating in the markets is both a hobby and a second profession and in my view the stock market is the most honest environment, since it is only your knowledge and preparation that matters. I live, and work in the construction industry, in the Dominican Republic. I read and answer all my mail so please feel free to write sternloinaz@gmail.com Thanks, Erick