On Thursday, we expect trading to be light and moves in the major indices pretty well engineered. With that caveat in mind, we will be watching Becton Dickinson & Co (BDX) for an Infield Fly reversal move lower.
Robert Half Inernational (RHI) is a Fast Ball short-sale setup for Thursday. The stock had a strong selloff on heavy volume in early trading Wednesday and closed poorly. I will look to a move below the Fast Ball low as an indication to considering shorting the stock.
Becton Dickinson & Co
Robert Half Inernational
Sunoco Inc (SUN) made a Fast Ball expansion move on heavy volume and will be on our radar throughout the Thursday session for a move higher. We will be watching very carefully for a move in the refiners that indicates strength in the sector.
Sunoco Inc
Zimmer Holdings (ZMH) made a Fast Ball move higher on slightly lower volume Wednesday and is on my list of potential Sinker setups. I will be looking for the stock to move through the Wednesday session highs, stall and reverse through the closing price to indicate weakness and a potential short-side retracement.
Zimmer Holdings
P.S. Join me and a dozen professional traders in the TraderInsight.com War Room. Click here for your free membership.
Copyright 2009 Tiger Shark Publishing LLC . All rights reserved.
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.
5 Stocks from Top Traders Every Sunday
