So this is a setup that works like 50% of the time, anyway short term stock movement is market related, being that, If you trade this setup consistently within a fair market you are going to make money half of the time, but your winnings are going to be superior to your loses so at the end you’ll have a nice profit to show.
Masco broke above a consolidation with above average volume, the ema(21) and the 45 degree trend line should hold if the stock is going anywhere. Let’s see if MAS can climb the wall of worry. So far so good.
ABC behaved excellent in this weak market day, we’ll like it to break to the upside of the 45 degree channel.
Newell Brands is the other candidate.
The Dow Jones holding still strong.
I’d avoid tech for now, so can the Industrials resist the Tech downturn?