Stock Market Setups and Ideas by ToddinFL

From an over night scan for stocks and sectors with increasing volume coupled with proper base setups, the gaming and hospitality sectors got my attention.  Here are some charts of interest.
Here's a list of the tickers mentioned: BYD, ERI, ISLE, MGM, MPEL, VAC, CHH...

For you gamblers out there that are looking for a thrill, here's a few penny stocks that are setting up in nice patterns.
Should you decide to play these, prepare to lose everything as they are penny stocks for a reason.
The first one is Amedica (AMDA).  It's been forming a series of wedges which have a pattern so far of lasting 4 days.  The idea is to buy near the bottom of the consolidation pattern in the .385 to .40 range over the next few days....

After a big bounce back rally yesterday from oversold conditions, I'm not looking to press it too hard.  We could see the market try a continuation move today and then roll back over to test the bottom of the recent range, so we have to stay nimble.
The beaten down energy sector yielded a lot of bottoming type formations, and they're heavily shorted.  But keep in mind they're beaten down for a reason....

The broad averages have been trading in a series of ranges through the first 5 months of 2015 with many traders referring to the action as a "meat grinder".
Grinding markets that make little upside progress frustrate short term traders as increased trading fees and stop losses can chew up your account.  There tend to be fewer really good setups that were present in prior periods, and the ones that do show...