7 Setups To Watch On Santa Week

Stewie - just wanted you to know what a great trading week (thanks to you)  I'm having and how much I appreciate you sharing your hard work!  Blessings to you my friend.

Rob S. (Brand New ART OF TRADING Member just completed his 7 Day FREE TRIAL) 

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3 TOP Trade Ideas For Next Week

BONT : A good looking BULL FLAG setting up right now. 

BYD: a nice looking BULL FLAG setting up in this stock with a high 12% short interest

WIT : a very nice looking base setting up in WIT : a breakout looks imminent at this point.

"Stewie,
I wanted to expressly thank you for all you do, all the traders you help, (me especially!)at this Thanksgiving time of year. Thank you for all of your hard work and dedication all year, year after year. Thank you for your insights and teaching and great charts and setups. You have helped me and my family tremendously, and I know you have helped many, many others around the world. I mean it from the bottom of my heart.

I wish you and your family the best and hope you continue to serve in the fantastic ways you have been already. It means more to many than you will ever know.

Happy Thanksgiving,

Wayne
Loyal Student"

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10 High Quality Stock Setups For Thanks Giving

Happy Thanks Giving fellow blog readers! 

Wanted to share some of my top stock trading ideas to watch from here until year end. 

Cheers!

 FB : bullish FALLING WEDGE" pattern.

FSLR : smooth controlled pullback to test its 20 day Moving Average . 

IRE: Bullish consolidation

LVS: Bullish consolidation

MPEL: bullish consolidation 

NSC: bullish consolidation 

TRIP : bullish FLAG pattern

TSLA : Falling Wedge, bullish bottoming pattern 

TW:  bullish consolidation 

WYNN:  bullish consolidation 

Received this email from a fellow 'ART OF TRADING' member... made my DAY and WEEK!! 

"Stewie,
I wanted to expressly thank you for all you do, all the traders you help, (me especially!)at this Thanksgiving time of year. Thank you for all of your hard work and dedication all year, year after year. Thank you for your insights and teaching and great charts and setups. You have helped me and my family tremendously, and I know you have helped many, many others around the world. I mean it from the bottom of my heart.

I wish you and your family the best and hope you continue to serve in the fantastic ways you have been already. It means more to many than you will ever know.

Happy Thanksgiving,

Wayne
Loyal Student"

ART OF TRADING  Member Reviews : HERE!! 

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Reviewing The AOT "TOP PICKS" This Week

Hey folks

Wanted to quickly update the AoT "TOP PICKS" that triggered this week. It was a super volatile week which is very typical of October but as you are going to see the AoT "Top Picks" did quite well despite the volatility BUT you needed to be proactive and work to MOVE STOPS , TRIM gains, and/or actively manage stops losses as many of the triggered setups did work but you needed to be quite involved when the market is swinging wildly from one direction to the other. 

Hopefully, they were helpful to you. As always, questions, feedback, comments are welcomed! 

CX : a short setup which triggered below $11 and hit the 10.50 first target before reversing on mrkt rally.

GCAP : triggered over 12.50. Ran up about 8% before reversing lower today.

GGAL : triggered over 9.95 and is up about 7.5% since then. Still looks strong.

GSVC: triggered and went up 2.2% before reversing lower as market sold off hard mid week.

MAN: it held up thru out market's selloff and triggered friday morning and ran up 2% . Still looks very strong

TIF: short setup triggered below 75.70 and dropped 2.7% before reversing on mrkt rally. 

Here are some other setups that triggered that weren't AoT "TOP PICKS" 

TCK : Short setup triggered and dropped 3.6% before reversing with market's rally late in the week.

VCLK : short setup triggered and felt 7.8% before reversing with market's late week upside move.

WLT:  long triggered over $15 and ran up 4.40% before falling on market's early week selloff.

RMD: triggered and is up 3.30% since then. Still looks strong.

SYRG: triggered over 10.65 and hit the 11.00 target and then some!

Check out this video on "HOW TO PLAY The AoT BREAKOUTS" 

Here's some cool feedback i got today from an AoT member 

  "Just letting you know that I appreciate your work and like your short term approach.

I have plenty of successful trades using your work.  And, everything goes well as long as I respect the stops on the downside for the ones that don't work out.

Sometimes I will trail stops on winners on part of the position (for a while) instead of always selling out.   Obviously, that's good sometimes and not others.  In this case, it worked.

As one example, I bought SBGI at 32.15 and sold this morning at 34.01.

Also, you helped me get into NXST just below 37 back on 9/18.  I still have part of that position.

I find that it helps to keep an eye on your recommended stocks well after the recommended date.  Often, the winners will create new buy  opportunities in the following weeks (at least in a bull market).

Yes, I make plenty of mistakes too (my goal is not even to be right 50% of the time), but living to fight another day is the key. 

Thanks again for the ideas you generate"

Bill M. 

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The 'AOT TOP PICK' !

Hello traders!

If you follow me on twitter then you have probably seen me post many charts and setups.

Some of them were tweeted out and mentioned as an 'AOT TOP PICK' 

So what exactly is an 'AoT TOP PICK' you ask?

Great question!
Well, in a nutshell, almost every evening, i email 'ART OF TRADING' members a 'NEW Setups' watchlist of stock setups. Each 'NEW Setups' watchlist contains about 2-4 stocks(on average) to watch very closely the next 1-2 days!

These stocks are VERY carefully selected after spending several hours of scanning/charting/research for the "HIGHEST QUALITY" setups i am able to find in my "master watchlist"(usually from my 'Power Earnings Gap' watchlist. These are very selectively chosen stocks that have the "HIGHEST probability" of exploding higher or breaking out(imminent breakouts). I also provide an 'ideal entry" price for entry(the trigger price), if when a stock triggers, AOT members are alerted in the @AOTtrades and also via email and SMS that a trade has triggered!

The entry prices are very carefully chosen to take advantage of specific setups!

From this small nightly list 2-4 stock setups, I pick out what i think is the single "BEST OF THE BEST" idea if you will.... That's the 'AOT TOP PICK' !!

So only the "TOP OF THE TOP" will qualify as an 'AOT TOP PICK' !!

Below you'll see the UPDATED charts of this week's 'AOT TOP PICKS' that triggered entries and how they worked out for ART OF TRADING members shortly after triggering!

For the first week of October 2013 there was a total of 8 'AOT TOP PICKS' that triggered entries.

Here are the charts! 

Here are some other names that stood out from the AoT watchlists this week but were not AoT "TOP PICKS" 

Some feedback recieved this week from AoT members 

Hey Stewie,

You da man!  Just letting you know after yesterday's action in the overall market and all this chop and slop with DC involved, I took it nice and easy today and only took 3 setups:  CIEN, DANG and UBNT.

I bot em right at the breakout levels, peeled 1/2 off when up $1, then booked my 2/3 on UBNT at $37.  Still have 1/3 on UBNT and will hold DANG.

Already booked on 2 and paid for my AoT membership for 6 months.  Well done and thanks a million.

I have actually been following you in the public domain and studying your charts since 2010 or so, I think, and love your style and your awesome charts.  I'm so glad to be a member now.

Thanks again, and have a great weekend.  And stay off that ankle!

Walter  (Brand new AOT member , started this week!!)  

Stewie, 

Great 4 days for me as I started with your service Tuesday and plan to subscribe for the long term.  Made money every day....  Not looking to get rich but don't want to go back to a 9 to 5 job either.

Thanks for the great trades and being a great guy.  Good guys sometimes do finish first.

Have a great weekend.

Michael W. (Brand new AOT member , started 2 weeks ago!!)

Thanks for all the great setups this week! Followed you in MHR and KKD.  I played CIEN today, entered at 26.02 , sold out at $27.  

Mike S. 

As always, if you have any questions, comments, feedback etc, email me or tweet me ! 

I'm always willing and really enjoy helping!

                                  

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Red Flags Started On Friday : Important Market Updates

Hey folks,

I noticed a huge drop off in "high quality" new LONG setups in my scans this weekend. The action that we saw in friday's market action is sort of a small RED FLAG as far as i am concerned but i think its a little bit too soon to read into this. As they say, "one sunny day does not make a summer", so one bad selloff does not mean its a "bear". It doesn't matter UNTIL it does. What i mean by that is, if we start to see multiple selloff days, aka, DISTRIBUTION DAYS, then and only then will it be a WARNING SIGN that we are getting closer to an important topping out situation. 

As a short term trader, my main focus is TECHNICAL ANALYSIS and i try and be as UNBIASED as i possibly can when it comes to market direction. I frequently change my bias as quickly as possible once i see that i am on the wrong side of the market or if my market views as not matching up with the market's action. 

This week was a very 'strange and surprisng' week for the stock market and the FED's action was quite surprising in my humble views. I truly believe that if the FED believed that the economy was "truly" improving than this week, would have been a golden opportunity for them to begin the 'tapering' process and start to slightly reduce their hugely 'controversial' asset purchases program that srated in 2009, QE(Quantitative Easing).

The fact that Ben Bernanke, decided to not taper when a big majortity of the investment community was expecting it is very telling and quite surprising to be honest. 

Maybe the FED thinks the economy is not ready for this?? But if that's the case, does that mean that over 3.5 year of QE is NOT really helping?? How many years of QE do we have left?? So many questions to ask, but the answers seem very vague right now. Only time will tell i guess. 

As far as the Market Charts goes, i am seeing POTENTIALLY, important developments in the SPX/Spy Charts. Again, i repeat the word, "POTENTIALLY", but please look at the attached SPX/SPY charts closely and read the notes on the charts. There's a potential reason to be slightly concerned right now.

The next few weeks(months) should be very interesting. Brace yourselves for some potential big volatiltity at minimum. 

happy trading to you all !