So last week was pretty strong with a lot of stocks showing good price action.

Also the indices showed more strength, regardless of the jobs report that was weaker than expected.

The overall market has a little less risk and the breakouts that happen seem to be holding up properly. Although it are just the first signs of strength so being cautious is still the best way to go.

Being cautious can mean something different for each of you. For one it means no new positions, for someone else it might mean trading smaller position or placing your stop loss order a little tighter.

 

Since last week I’m personally stopped out of BGFV.

On Thursday it traded up to a profit of 22% since my buy point at $30.88. Between 20 and 25% I always secure 50% of my profits, either by selling or aggressively moving my stop up.

In the case of BGFV I chose to sell half of my position with about 20% profit. For the remaining position I raised my stop to break-even at my buy price.

Never let a good profit turn into a loser again.

On Friday BGFV dipped a little over 11% and hit my stop order. So I sold the remaining 50% for a 0% profit, or loss.

Let’s look at some interesting charts for coming week that came up on my scans this weekend.

 

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Watch HVT for a stong volume move through $48.91, with a stop loss at it’s 20EMA

 

Watch AMAT for a big volume move through $146, with a sell stop at its 50-DMA.

 

Watch DKS for strong volume move through $99.90, with a thight stop at $96.35

 

Watch KRNT for a big volume move through $125, with a sell stop at its 10EMA.

 

Watch SNV for a strong move through $50.12, with a stop loss at the 50SMA.

 

Watch AFCG for a strong move through $24.95, with a stop loss at the 10EMA.

 

Watch REZI for a big volume move continuation through $31.67, with a sell stop at its 50-DMA.

 

Watch APP for a strong move through $75.18 , with a stop loss at the 10EMA.

 

Watch UPST for a strong move through 165.66, stop loss at 10EMA.