Weekly Stock Watch: $NDAQ $SWN $GCI

Here is just some of what you can expect on a weekly basis from Greg Krupinski of GK Trading. As some of you may already know, you will have access to Greg’s trading as well as my own and Anthony Verdone’s  at our premium site, TTPTrading, launching next week. Email Anthony at anthony@anthonyverdone.com to get on the list for special pre launch pricing!

 

Weekly charts are my default view when analyzing any stock.  Although I use shorter time frames to determine my trade entries and exits, weekly charts going back a few years are what I primarily base my trade decisions on.  Before considering any stock, I first review the weekly chart.  The reason is simple – I can quickly assess the longer-term trend to see if it’s something I want to own.  I don’t want to fight the trend, because it’s a fight I know I won’t typically win.  In addition, I can see if there may be any potential overhead resistance areas that might be missed when only looking at shorter time frames.  Most of my mistakes and missed profits in trading have been caused by being too short-sighted.  This is why I now choose to look at the bigger picture using a longer time frame first when examining potential entries.

Here are some weekly charts that have my attention going into next week.  As I typically do, I’ve highlighted key areas on these charts.  For long ideas, I’m only interested in stocks above these areas.

These are just some of the stocks I’ll be watching closely this week.  I’ll be sure to keep you updated on any actions I take on these or any others throughout the week.

Thank you for your time and take care!

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