ARTICLE SYNOPSIS...After being in consolidation/pullback mode for the past eight weeks, the stocks in the oils services industry group look ready to stage a long breakout.
ARTICLE SYNOPSIS...In defining when a trade should be taken, the trader looks for a valid trade setup, a high-probability area to enter the trade known as a trigger, and a high-reward area known as a target. The PowerShares QQQ Trust has provided such an opportunity.