Charts of Interest: ADP, AFFX, AMZN, FL, LUV, ROK, WSM

AMZN Stalls after Big Gap.
FL Forms Pennant after High Volume Support Break.
WSM Breaks Flag Support after Big Bull Trap.
Plus ADP, AFFX, FL, LUV, ROK

This commentary and charts-of-interest are designed to stimulate thinking. This analysis is not a recommendation to buy, sell, hold or sell short any security (stock ETF or otherwise). We all need to think for ourselves when it comes to trading our own accounts. First, it is the only way to really learn. Second, we are the only ones responsible for our decisions. Think of these charts as food for further analysis. Before making a trade, it is important to have a plan. Plan the trade and trade the plan. Among other things, this includes setting a trigger level, a target area and a stop-loss level. It is also important to plan for three possible price movements: advance, decline or sideways. Have a plan for all three scenarios BEFORE making the trade. Consider possible holding times. And finally, look at overall market conditions and sector/industry performance.