If you follow me on twitter, you may have noticed a theme in a LOT of my charts this week showing a “x^” of some indicator or moving average. After reviewing 50-60 charts this morning, I see a continuation of this movement in many stocks. My scans this morning were full of examples for a Stochastics cross up move. This has been a high probability setup with minimal failures this year, and I am encouraged by the volume of choices to play in the coming week.
If you want to view my chart.ly stream of charts, you can go here. An example for this cross up (x^) in a chart:
The above example shows the Stochastic bottoming and beginning to curl up. An example of a Stochastics cross up in progress:
Certainly the one time that I don’t mind a stock getting cross with me.