Monday marks the second day of live trading in the TraderInsight.com War Room. It was good to meet many of you on Friday and I hope to see even more of our regular readers there on Monday.
The first stock on our watch list is Anglogold Limited ADS (AU). The stock put in an Infield Fly reversal day Friday and looks ready for more downside on market and sector weakness.
Anglogold Limited ADS
Baxter Intl Inc looks ready for a Switch Hitter resumption of the recent move lower from new highs.
Baxter Intl Inc
Community Health Systems, Inc. (CYH) made a stellar Baltimore Chop reversal move on Friday, left an Infield Fly, and looks to have some room for additional downside in Mondayââ,¬â"¢s trading.
Community Health Systems, Inc.
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If the oil and drilling group continues its rally on Monday, Diamond Offshore (DO) will be a candidate for a Fast Ball continuation setup. The stock will need to establish 25-tick and 5-minute support prior to any entry on Julie and my part.
Diamond Offshore Drilling
Two alternative Fast Ball continuations in the oils are GlobalSantaFe Corporation (GSF) and Noble Corporation (NE).
Global SantaFe Corporation
Noble Corporation
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Adrian Manz is the author of Around The Horn: A Trader's Guide To Consistently Scoring In The Markets and is co-founder of TraderInsight.com. Email him at adrian@traderinsight.com.
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