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Trade Setups and Trade Plan for Tuesday March 23

|Includes:BVN, CHS, CLNE, CREE, CTRP, GRA, HUN, IWM, JDAS, MELI, MGM, MTW, QQQ, SHOO, SPY, TIF, Western Digital Corporation (WDC)

MARKET DIRECTION
Monday’s session started off by gapping lower but quickly found momentum to the upside. Many stocks hit lower lows but quickly reversed to reclaim their former support levels. This is very bullish action but 1 thing to be wary of is we reversed higher on low volume. Regardless, it gives us the go ahead signal to attempt some more high probability setups.
 

OPEN POSITIONS
BVN IN TROUBLE- Would close if it trades any much lower

 

 

HMSY UP 9%

 

 

ANR-Second ½ stopped out at breakeven after our setup ran over 12% in a couple weeks.  The stock gave it all back in 3 days. Plenty of opportunities to take profits on the way up

 

 

SNDK hit our support areas and took off nearly 5% today.

 

 

 

NEW SETUPS
Here is what we see for Tuesday
We would look to get in the following stocks if they trade above the following prices

 

 

JDAS 28.16

 

 

HUN 13.04

 

 

CTRP 36.90

 

 

GRA 28.90

 

 

MELI 47.09

 

 

CREE 70.77

 

 

SHOO 44.84

 

 

MTW 13.08

 

 

CLNE 21.11

 

 

MGM 12.78

 

 

CHS 14.67

 

 

TIF 47.59

 

 
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Thanks, 

Better Stock Entries

Global Chart Analysis

 

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Disclosure: No Positions
Stocks: WDC, QQQ, SPY, IWM, HMSYZQ, JDAS, HUN, CTRP, GRA, CREE, MELI, SHOO, MTW, CLNE, CHS, TIF, MGM, BVN