On Monday, we will watch Brush Engineered Material (BW) for a Fast Ball continuation move to recent price and moving average resistance. Our potential entry will be above the Friday high, with a stop just below the Friday close.
Eaton Corp (ETN) was a sinker setup for Friday’s Intraday Trading Plan and left an Infield Fly going into Monday’s session. We will look for a move below the Friday low to trigger a potential short sale.
Mc Dermott Intl Inc (MDR) made a Fast Ball move to new highs on Friday and is set up as a potential Sinker for Monday’s trading. We will look for an attempt to break the Friday high, followed by a move back down through the close to trigger a short sale entry.
Precision Castparts Corp (PCP) is a potential high-volatility Infield Fly setup for Monday. We will watch the stock for a move below the Friday low to trigger an intraday short position.
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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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