Trader Mike's Notes
These notes are here
primarily
to show my process and how I use the scans to find setups.
This is NOT an attempt to be a stock picking service!
I want people to use the site's extensive functionality to find their own setups which match their trading plans,
strategies & risk tolerances.
KLIC - Kulicke and Soffa Industries, Inc.
SMH - Market Vectors Semiconductor ETF
A lot of semiconductor stocks look just like this right now -- a hard fall to the 50 DMA yesterday and an attempt to stabilize above that line today. If you're a semiconductor bull this may be an opportunity...
CMG - Chipotle Mexican Grill, Inc.
Quite the collection of alerts on this today (I saw it on the "Most Bullish Alerts" scan). News of them replacing their CEO caused this pop. It'll be interesting to see if it can say about the 50 DMA. It's still too beaten down for my liking though but maybe there's some short squeeze potential.
TTWO - Take-Two Interactive Software, Inc.
CMCM - Cheetah Mobile Inc.
Another post-earnings gap up and pullback play here & a nice collection of signals today. Looks like the $12 area *should be* support...
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