NEW YORK (TheStreet) -- Ahead of a three-day weekend, U.S. stocks continued to build on gains since last week's short-lived freakout. Here is a sampling of some great charted ideas to sit with this weekend as you plan your strategy for next week.
Facebook (FB) is slated to release earnings next week. This chart displays the path of least resistance:
$FB I think we are setting up for a nice rebound next week. Earning is on the 23rd (Wednesday) http://stks.co/c0S0I -- NoBrainer (@NoBrainer) Apr. 17 at 09:38 AMWhat a ride in Chipotle (CMG - Get Report) today ("Cheeepoltay's", if you're @howardlindzon). Shares gapped higher at the open, only to get burrito smashed the rest of the day:
$cmg well that's a burrito in the face of the bulls http://stks.co/r0DuM -- Aaron Jackson (@a_jackson) Apr. 17 at 10:23 AMChevron Corp (CVX) had a fantastic week, but Robert Lesnicki points out a significant technical hurdle that will need to be overcome if the upside party is to continue:
$CVX Very impressive move this week. Now overbought on the RSI. http://stks.co/b0S0K -- Robert Lesnicki (@TraderRL23) Apr. 17 at 10:25 AMWhile nobody welcomes higher commodities prices, the intrepid among us may look to consider taking a long position in the Agriculture ETF (DBA) to hedge our costs at the grocery:
A nice long setup in $DBA . Could breakout over $29.00 soon http://stks.co/e0S9t -- Trader Stewie (@traderstewie) Apr. 17 at 11:35 AM