Tuesday’s market has left us with a few solid pullback setups. In addition to the trades detailed in my Swing Trading Service, the following possibilities will be on my short list for Wednesday.
Occidental Petroleum (OXY) seems to be ready to push higher after a 3-day pullback.
Occidental Petroleum
Murphy Oil’s (MUR) pullback seems to be over as the stock had a nice bounce off Friday’s low. I’ll be watching for another push higher.
Murphy Oil
The short side of the market is represented as well, with Harley Davidson (HOG) looking ready to run out of gas. The next leg should be on the downside.
Harley Davidson
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Tom Incorvia is a professional swing trader with 20 years of experience in the financial markets. E-mail him at tom@traderinsight.com.
Disclaimer The article submitted to the Tiger Shark Publishing LLC is presented for informational purposes only and should not be construed as a solicitation to buy or sell securities or securities derivatives of any kind, nor serve as any type of investment advice or strategies. Actual results may differ greatly from expressed opinion. The author expresses a personal opinion and will not assume any responsibilities of the action of the reader.
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It should not be assumed that the methods, techniques, or indicators presented on these websites will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. Examples presented on these websites are for educational purposes only. These set-ups are not solicitations of any order to buy or sell. The authors, Tiger Shark Publishing LLC, and all affiliates assume no responsibility for your trading results. There is a high degree of risk in trading.
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