Top Trade Ideas for the Week of March 28, 2011: Bonus Idea

• Posted by Greg Harmon
• on March 27th, 2011

Here is your Bonus Idea with links to the full Top 10 Ideas:

LeapFrog Enterprises, Ticker:$LF

LeapFrog Enterprises gapped lower in January and has been creating an ascending triangle since then with the resistance level at the top at 4.54. If it can get over 4.54 then it first sees resistance at 4.69 followed by 5.28. the Relative Strength Index (RSI) is steeply moving higher now and but the Moving Average Convergence Divergence is neutral. A stop can be placed at 4.24.

The First 5

The Rest

(As always you can see details of individual charts and more on my StockTwits feed and on chartly.)

After reviewing over 700 charts, I have found some good setups for the week. These were selected and should be viewed in the context of the broad Market Macro picture reviewed Friday which looks to bring better prices for both Gold and Crude Oil, and continuing devaluation of the US Dollar Index but with the potential for it to start the week higher. US Treasuries appear to be consolidating with a bias lower. The Shanghai Composite and Emerging Markets are both biased higher, but with the expectation of a continued consolidation on the Emerging Markets side. The Volatility Index looks biased lower, with tight upside risk, and will allow for the SPY, IWM and QQQ to continue higher, with all three mindful of a lower close Monday reversing this bias.

If you like what you see above sign up for deeper analysis and trading strategy by using the Get Premium button above. As always you can see details of individual charts and more on my StockTwits page.

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

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