On Wednesday, Albemarle (ALB) will be on our watch list for a continuation short side move on trade below 38.40. The stock left a Fast Ball expansion on Tuesday and appears ready for a test of 37.95.
Albemarle
General Cable Corporation (BCG) is a breakaway Fast Ball setup for Wednesday. The stock accelerated lower on Monday on heavy volume and trade below 52.01 will be our cue for a potential short entry.
General Cable Corporation
Estee Lauder Cosmetics (EL) is a 3-2 Pitch setup for Wednesday. These work best with sector support, so I will definitelykeep a close eye on the consumer non-durables (AVP, BTH, ACV, REV, PG, CL and KMB) for signs of strength prior to considering a long side entry.
Estee Lauder Cosmetics
Good Trading,
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