Each week at ChartSmarter we like to bring to a little insight into what we do on a daily basis. We have been at it for more than 4 years and we love doing it. Each night we detail 7 to 10 of our favorite ideas, both long and short, for the next days session. We do NOT have a chat room, nor are we active “tweeters”. We like our business growing by word of mouth. Below is precisely how they were written in our daily reports. For those who would like to see a full copy of our Monday Game Plan, email me at chartsmarterblog@gmail.com.

In Tuesdays Game Plan last week we looked at M and SM. M rose 4.1% this week on average weekly trade and more importantly reclaimed its 50 day SMA and looks like it will gravitate toward a current 68.40 cup base trigger which would correspond with multi year highs. The name is up 1.73 from the highlighted entry.

Stocks that can be bought as they take out their 50 day SMAs and set up future valid base structures are M ISRG. M is a best of breed retail play that is lower by 3% YTD and higher by 9% over the last one year period and sports a dividend yield of 1.95%. The stock is trading at 9 year highs despite a shady earnings history down 3.2, 5.5 and UNCH on 2/24, 8/13 and 5/14 (it was higher by 5.1% on 11/12/14). It is higher 2 of the last 3 weeks with a small gain last weeks as benchmarks lost ground. Lets look to enter with a buy stop above the 50 day SMA at 64.25 which sets up a 68.40 cup base pivot point to add to.

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