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"X", a stock I day trade a lot, "MIGHT", break over a down trend line very soon and, "MAY", be headed back to $20. After that, well, who knows, with all the LOOOOOOVE in the market, it could go back to $180, that is, if the same people that have been driving those POS solar stocks decide to jump on the material sector.
Of course, it, "COULD", find resistance at that down trend line, or double top around $19, and head south again back to $16 or some thing, so, as always, use caution.

One of my old Fav's, Alkie, AA, is on the moooooove again, and if it can clear that resistance at $8.80 it has a date with $9.00 again, and could be pointing to $9.20 and a test of those prior highs.

Pristine Trading is having an open house day on Thursday in the Pristine Method Room, if you have not already done so, you can sign up for their free services and get access to the room at http://www.pristine.com/, check it out, Paul Lange is one of the very best.



This week's swing trading watch list from Toni Hansen. The list is rather short as she expects the upcoming week to be possibly rather choppy and volatile, thus not very conducive to taking new swing trading positions. Patience, patience, patience!

Group Schedule

Our group meets every Friday after the closing bell at 4:05 ET. Each session is 90 minutes and begins with a market overview and outlook, followed by long strategies, then short strategies, and finally Q&A and further education.

Register for Friday's Session

Watch List for the Week of May 19, 2013 Please review the download for this week's session for greater detail on the securities and strategies discussed. Our Focus Stocks are covered immediately following the Market Overview.

Long Strategies BG AVD SYY EXPD

Short Strategies  THC COV SNDK AKAM PDCO DISH PSX

This Month's Investment Watch List for Position Traders:  GCA, PWR, BSX, GGS, LXU, HWKN, LCUT, DNB, STJ, NVDA, APA,  EXPD, LVS, POT, FLY, EVER, OZM, APL, EEP, BSX Additional Daily Stocks to Watch Long: MELI, GLP, PMFG  Short: TRV, CBD T, NVO, INTU, CRR, CMCSA The Details BG, AVD are 2-wave Phoenix continuation strategies on the daily time frame.  SYY is an upper level base with room to move on the weekly time frame. Watching for a breakout from the third high on the daily time frame. Target $38. EXPD watching for a Phoenix continuation on the daily time frame. THC, COV, AKAM, SNDK are all extended on the daily time frame and due for corrective moves. Watching the 30-60 minute charts for Momentum Reversals and Avalanches. PDCO is forming a potential daily Momentum Reversal DISH is forming a daily Avalanche. PSX is forming a 3-wave trend exhaustion on the daily time frame. Watching for a channel break off the third high made last week. A LIVE TRADING LESSON WITH TONI HANSEN "It's easy to read a textbook on trading and say, "Yes, here is  where I enter a trade. Here is where I place my stop. This is  where I should take my gains."  The reality is a bit trickier.  There are often several places you can enter a trade, a number  of ways to place and adjust a stop, and taking gains can  depend entirely on how the trade unfolds.  There is a system that takes all of these into account.  I've spent the past 15 years developing it and teaching it to  fellow traders... from "newbies" to hedge fund managers.  In this 20 minute video I follow a trade from start to finish, i ncluding where I made a vital mistake in trade management  by not looking at "the bigger picture"  (although in this case it was the "smaller" one)!"  LIVE TRADING LESSON