Four Potential Intraday Setups
Thursday
will probably be my last piece for the year, as
you are reading this I am en route to the East coast for the
holidays. While I will be observing the market, I will probably not be actively
engaged, and as a result, will not be able to offer very much insight. If
something develops, I will do my best to put together a column.
The
Support and Resistance Numbers will be posted
through Tuesday of next week by my trading partner, Bo Harvey.
Intraday Setups |
|
| Â | |
| Stock | Action |
( IR | Quote | Chart | News | PowerRating) |
Short |
( FNM | Quote | Chart | News | PowerRating) |
Long |
( LEH | Quote | Chart | News | PowerRating) |
Long |
( WY | Quote | Chart | News | PowerRating) |
Long |
*Naturally,
the entry points need to coincide with overall intraday market direction. So, be
sure to take a look at these issues on both 30- and 60-minute charts to gauge
the best entry points. Look for pullbacks and consolidation as a heads up for an
entry point.
Support/Resistance Numbers for S&P and Nasdaq Futures |
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I want to thank you for all the
positive feedback throughout the year. Have a safe and happy holiday season.
Dave