Banging the Table on PNC

PNC continues to look great down here. I'm going to keep adding. I strongly believe this will move higher from here.

OC

OC looks great here. Oversold stochastic and turning up. With major support under us. Good area to start scaling in.

Review of Set ups

OI: Called to start looking for a move higher this morning on it. I was right on. Going to start to add to position any day now.

VMC: Got the bounce of the 20 like I said. Just looking for a continuing move higher now. Still causation though, stochastic looks weak.

APOL: It held up during the day, which I like to see. Still need to wait and see what happens.

SWN: Still looks good and expecting a nice break out. Nice late day run.

PNC: Still looks good, banks were weak though.

RYL: Looks very good, nice candle today. Tomorrow is going to be the bigger story.

SNDK: Took profits today, Just a text book set-up.

RYL has a nice double bottom with the stochastic oversold and about to turn up. Watch this one for a move higher.

Nice inverted head and shoulder pattern. Holding off the lows combined with oversold stochastic turning up. Looks like a good play here.

Recently had a nice run up to the 200 EMA for the first time in 3-4 months. We pulled back, right to the 20. We should be able to hold here and move higher. Stochastic are setup for it. Good area to start looking at.

We have a long channel that has been forming on APOL right now. This could be a good area to start scaling in. If we break below 34.77, we will see the bottom trend line. But it looks like we could hold here. Stochastic is oversold but hasn't rounded up yet. But overall this looks like a good area to watch on APOL.

Text Book Bounce

Nice retracement back to the trend line, First was resistance, now was acting like support. Stochastic gave us a buy signal. Just a text book play.

Vince Lombardi quote... Its the same thing as trading

"Winning is not a sometime thing; it's an all the time thing. You don't win once in a while; you don't do things right once in a while; you do them right all of the time. Winning is a habit. Unfortunately, so is losing.

There is no room for second place. There is only one place in my game, and that's first place. I have finished second twice in my time at Green Bay, and I don't ever want to finish second again. There is a second place bowl game, but it is a game for losers played by losers. It is and always has been an American zeal to be first in anything we do, and to win, and to win, and to win.

Every time a football player goes to ply his trade he's got to play from the ground up - from the soles of his feet right up to his head. Every inch of him has to play. Some guys play with their heads. That's O.K. You've got to be smart to be number one in any business. But more importantly, you've got to play with your heart, with every fiber of your body. If you're lucky enough to find a guy with a lot of head and a lot of heart, he's never going to come off the field second.

Running a football team is no different than running any other kind of organization - an army, a political party or a business. The principles are the same. The object is to win - to beat the other guy. Maybe that sounds hard or cruel. I don't think it is.

It is a reality of life that men are competitive and the most competitive games draw the most competitive men. That's why they are there - to compete. The object is to win fairly, squarely, by the rules - but to win.

And in truth, I've never known a man worth his salt who in the long run, deep down in his heart, didn't appreciate the grind, the discipline. There is something in good men that really yearns for discipline and the harsh reality of head to head combat.

I don't say these things because I believe in the ‘brute' nature of men or that men must be brutalized to be combative. I believe in God, and I believe in human decency. But I firmly believe that any man's finest hour -- his greatest fulfillment to all he holds dear -- is that moment when he has worked his heart out in a good cause and lies exhausted on the field of battle - victorious."

Nice breakout on JPM and now pulling back to the previous Resistance trend line. It is combined with the 20 EMA right on it. Stochastic are still a little shaky. But overall definitely a good set up to keep an eye on.

Recently broke out of channel, nice organized pull back to 200 and 20 EMA. Stochastic turning up. Good area to start scaling in.

3 2 1 blast off!

Above the 200 EMA, pushing up against upper trend line, and combined with the stochastic turning up. Looks like a good area to start getting in.