As I browsed through my watch list and noticing the two sector that are the strongest for Monday are Financial and Steel. The charts that I about to show you are either for Financial or Steel sectors. Despite all of the commotion selling in $AAPL and the fiscal cliff but financial and steel remain relatively strong throughout the week. Here are some of the best looking charts coming in play for next week. Some of the charts has already broken out or about to be and need to be on your watch list.
CMI chart look terrific since the break of neckline and 200sma that I post on Stocktwits last week.
GOOG one of the best looking chart in the technology sector.
$X hand down of the best looking chart last Friday. I anticipate this big break out since Wednesday and still in it. Pick up some Jan 24 at .76 and sold at 1.07 but then got back in at 1.14. Usually when stock break out of the triangle it come back to test the upper line but I think there is some more follow through after this huge break then we pull back to test and go higher. This chart or steel sector that I am about to show are the best looking chart coming next week.
BAC very nice looking chart. Break out and consolidate into a triangle for another move higher.
Very nice looking chart very similar to BAC and all the financial.
JPM very nice if break the 43.34 resistance and got a lot of room to head to 47.
XME one of the steel stocks that are looking great for a break higher.
LAMR nice looking chart for a move higher and a break of 41.43 resistance will be buy.
EXPR express inc. very nice two weeks consolidation for another run on the break of $15.
$IWM russell 2000 index chart looking good.
$FAS financial bull about to break out of the triangle. Will keep my eye on this stock.
$POT fertilizer stock forming a bull flag continuation and got a little more room to go. Slight resistance at 200sma $42.09 to be watch out for.
$MOS currently hitting resistance and pulling back. Would like a pull back to test that 200sma for a move higher.
$CF broke 50sma last week and break the 214 but fail and pull back. Good opportunity present for those who waited. Would like to see the test of 200sma or the uptrend bottom band will be nice long shot.
$RS broke out of resistance and now testing that 52 wk high. Steel sector seem to be very bullish this coming week so pick one and ride it.
$STLD is looking for a break out of the triangle. Steel sector is looking good so better keep watch tomorrow.
$NUE another contender for a break out of triangle will have my hawk eye on this.
There you have it guys this coming week keep an eye on the financial sector and the steel sector for another higher move. Those two sectors seem to be best to perform in the coming week. Good luck to all and trade them well.