On Monday, the retailers will be on our radar as Abercrombie & Fitch Co (ANF) and Coach Inc. (COH) both left Line Drive moves with potential for a continuation move higher on strength in the retail sector.
Abercrombie & Fitch Co.
Coach Inc.
The recent rail-madness seems to be in continuation mode as well, with Canadian Pacific Railway making a Line Drive move on Friday with solid buying into the close. We will be watching for buying pressure early in the session to indicate the potential for a move higher.
Canadian Pacific Railway
In the energies, Dominion Resources (D) also made the obligatory expiration day Line Drive move on Friday and is a follow-through candidate for this week’s trading. I will look for a move early on Monday, or a consolidation that has the stock flat into mid week and then higher after a shallow pullback.
Dominion Resources
If, by chance, the golden egg crowd does not show up for business on Monday, I will look to the homebuilders for a potential retracement move to the downside, with Meritage Corp (MTH) on the list as a potential Switch Hitter retracement – reversal candidate.
Meritage Corp
P.S. Join me and a dozen professional traders in the TraderInsight.com War Room. Click here for your free membership.
Copyright 2026 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.
Free Festival of Traders Videos
