Big Picture Set Up
ABBV has been a good test for most who got trapped learning the round trip lesson, with it putting in a new pivot low, we can now up that stop from 102 to 104 as it continues to try and break this green line.
AMD we took advantage of a great support buy as its drifted 6% higher, in time we could look to buy up through $84.
Not as clean as a true blue sky breakout however tight risk at only 2.5% to be involved if it wants to clear $400 and head to new highs.
DHR has been slowing grinding 5% higher as we can now move our stop up to the recent pivot low, with the target to the upside being the prior highs. Really no reason to sell in between those two areas.
This LULU is setting up however still a bit too wide vs the proper pivot, one to keep on the radar if it tightens up.
MDT $122 was the prior all time high which is why we might meet some resistance here, stop break even in this one.
MMC continues to tick new highers as the buyers are pushing it 5% higher then our entry, for now still holding with a breakeven stop.
PHM we continue to sit with a break even stop as it continues to tick new highs up 9% from our entry, the path of least resistance looks to be higher for now.
SEE setting up for a blue sky breakout above $48 in time.
SNAP did far better then we could imagine running 23% in less then 2 weeks, if you wanted to limit some risk as we approach this resistance area could make sense. As this fast 20-30% moves then to drop just as quickly as we have seen in the past ($52 to $72 back to $50).
TDG is setting up again for a potential breakout through $620 with risk in the trade hovering around 3%.
UPS marching nicely back to the retest of all time highs as we sit in an 8% winner so far, if you want to take the quick trade into the retest or limit your downside could make sense. If you want to hold for the potential break out down the road more then likely will need to open minded to give this back to your price.
Tight flag forming in this WDAY up through $260 risking just under 4% vs the low of the flag.