Trend Flag T-Bands V-Stop Price Action

What a great set of contributions to have for a trade idea AMD has them all, Trend, T-Bands, V-Stop, Price Action. AMD painted a little Morning Star yesterday with seven days of bullish consolidation. Consolidation setups are made up of 4 basic parts,  #1 The run  #2 the consolidation  #3 The turn to challenge the top  #4 The Breakout. AMD is starting the turn to challenge the top. The CSCO chart is in #4 Breakout. AMD bullish above $34.10, stop near $32.50

 “Stops are for protection not trading.”

Past performance is not indicative of future returns

Good Trading, Rick, and Trading Team

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SPY • Trending 

The Spy found a bottom yesterday and the Lower Blue T-Line band the V-Stop also acted a supporting friend. The bigger trend is still in good shape with the price having a minor profit-taking pullback. A close today over $291.60 would be positive for the bulls. Could be choppy and a slow day today, the Feds are having a party, and the outcome could affect the attitude of the market.

****VXX – The VXX has very few friends lately and yesterday was no exception.

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