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Steve's Trading Diary - September 2009


9/30 Bought WCRX on the positive trading on Wednesday. It consolidated and then came back up. It's still forming a Fry Pan Bottom pattern. It can still be bought on Thursday. 10/1 It was previously coming up out of a Fry Pan Bottom pattern but pulled back to the T-line on Thursday. The analysis is very simple. It needs to stay up above the T-line to continue to hold. 10/2 It opened flat and then traded positive. Continue to hold. We don't want to see it close below the T-line. 10/5 We reiterated this as a buy for Tuesday. Buy this if it breaks out to the upside. 10/6 It's still coming up out of a Fry Pan Bottom pattern. Be ready to buy this on a breakout from these levels if you haven't bought it yet. 10/7 It's still trading up. Continue to hold. 10/8 It's still in a nice uptrend. It's coming out of a Fry Pan Bottom pattern. It's getting toppy so we're still looking for a big breakout to the upside. 10/9 It's still moving up nicely. Continue to hold. 10/12 It gapped up. Watch to see if it will open positive on Tuesday. If it gaps up on Tuesday, you will definitely want to be buying it immediately. 10/13 It had another consolidation day but it wasn't anything to change the upward trajectory.  Continue to hold and use the T-line as your stop. 10/14 The profit-taking is over. Be ready to buy it aggressively on a positive open on Thursday. 10/15 It's still consolidating but hasn't closed below the T-line. Continue to hold. 10/16 It closed just above the T-line. It needs to open positive to stay in it. 10/19 It formed a Bullish Harami/Doji at the T-line area. If it opens positive on Tuesday, you will want to be a buyer. 10/20 It should have been closed out with it closing below the T-line. That's not to say that it shouldn't be bought on the next buy signal. There is still a J-Hook pattern possibility.

9/25 Bought RHT as it traded positive a little bit on Friday. It pulled back but didn't do anything devastating. The previous Kicker signal is still the primary influence. We don't want to see it close below Thursday's low at around the $27 level. 9/28 It consolidated a little bit. It can still be bought if it opens positive on Tuesday, especially if it comes up through the high of $28. 9/29 It's still moving sideways. It's probably waiting for the T-line to catch up. Use the T-line as your stop. 9/30 It continued sideways. Continue to hold as long as it doesn't close below the T-line. We're expecting it to break out to the upside pretty soon. 10/1 It closed right on the T-line. It needs to open higher and trade higher. If it opens lower on Friday, close it out immediately. 10/2 It should have been closed out as it closed below the T-line on Friday.

9/24 Shorted CMC on Thursday as it traded weaker after the Kicker signal. Look for it to head to the 50 day moving average. 9/25 Stay short. We suspect that it may support on the 50 day moving average. 9/28 It showed support but the direction hasn't changed yet. Use Monday's high of $18.90 as your stop. It shouldn't come back up through there on Tuesday. 9/29 It opened higher but didn't do anything once it hit the 20 day moving average and started backing off. Continue to stay short. We're looking for the 50 day moving average to be the target. 9/30 Continue to stay short. It came right down to the 50 day moving average. The stochastics are still heading down. Now be cognizant of any buying that occurs in this area and be ready to cover your short position. 10/1 It didn't hold at the 50 day moving average. Stay short until you see a definite buy signal. 10/2 It gapped down and had a Doji day. The stochastics are in the oversold area. Be ready to take profits on this one. Use Friday's high of $17.33 as your stop. It shouldn't trade up above that level. 10/5 It should have been covered as it came up through Friday's high, which is where we suggested you put your stop to cover the short position. Now be ready to buy it if it opens positive. It could come back up to the $21 area.

9/30 Bought CLDX. It opened higher but immediately started trading off. When it came back up through the previous day's close, it was time to buy. It can still be bought if it opens positive on Thursday. Notice the Scoop type pattern with the gap up which is moving the price up pretty strong. Look for it to at least test a first target of the 50 day moving average. 10/1 It held up reasonably well considering the state of the market on Thursday. Continue to hold. Use a close below the T-line as your stop. 10/2 It opened right on the T-line but started moving up immediately. Continue to hold. It's still showing a lot of strength ever since the gap up signal. The T-line is holding. 10/5 It pulled back and closed right on the T-line. It needs to open positive and trade positive on Tuesday to stay in it. 10/6 It held up above the T-line like it needed to. It can be bought aggressively on a positive open on Wednesday. 10/7 It should have been closed out on Wednesday as it closed below the T-line. However, it came back up near the end of the day. If it opens positive on Thursday, you can still be a buyer.

9/21 Bought HURN. It can still be bought on a positive open. It's building up strength at this level. If it can break through the 50 day moving average, it has a lot of running room back up to the 200 day moving average. 9/22 It continues to move up nicely. Continue to hold. Watch to see what it does when it gets to the 50 day moving average. 9/23 It tried to push toward the 50 day moving average. Continue to hold and use the T-line as your stop. 9/24 It needs to stay above the T-line. It might be bobbing between the T-line and the 50 day moving average before it can break out. 9/25 It's right on the 50 day moving average. If you haven't bought it already, be ready to buy it aggressively on a positive open above the 50 day moving average. 9/28 It traded up nicely above the 50 day moving average on Monday. It can still be bought on the prospect of a large breakout to the upside. 9/29 It's still in a nice steady uptrend. Continue to hold. Use the T-line as your stop. 9/30 It continued to move up steadily. Continue to hold. 10/1 It's still in a nice steady uptrend. Continue to hold. It might be getting a little bit toppy but hang on to it until you see it close below the T-line. 10/2 It's still in a nice steady uptrend. Continue to hold. Use the T-line as your stop. 10/5 It's continuing its uptrend. Continue to hold. This will result in a nice healthy profit. 10/6 It consolidated on Tuesday but its upward direction didn't change. It did form a Bearish Engulfing signal so be ready to take profits if it trades back below the T-line. 10/7 After Tuesday's Bearish Engulfing signal it gapped down below the T-line, which told us we should have closed it immediately because the sellers were in control. However, it formed a Doji. Anytime you see a gap down in the overbought area, it tells you the sellers want to be out of the position in a hurry.

9/25 NZ was not shorted because it opened positive and traded positive. It can still be shorted if it comes back down through the $10.90 level or Wednesday's low. If it comes back down through there, it tells us the Bears are in control.

9/23 Bought MTW. It opened higher and traded higher but pulled back. It needs to have positive trading on Thursday to stay in it. 9/24 It closed right on the T-line. It needs to open higher and trade higher to stay in it. If it opens lower, close out the position immediately. 9/25 It should have been closed out on the lower open on Friday.

9/22 Bought MDCO. It opened positive but pulled back. Continue to hold as long as it stays above the T-line. 9/23 It opened lower but came up above the T-line. Continue to hold. We don't want to see it close below the T-line. If it does, it's telling us it's in a sideways mode. 9/24 It stayed up above the T-line. It needs to open positive on Friday to stay in it. 9/25 It should have been closed out as it closed below the T-line on Friday. However, it formed a Doji so be prepared to come back into the position. It may be moving sideways. If it comes back up through the T-line, you can buy it again.

9/21 Bought MWA as it traded positive on Monday. It came back down and closed at about the same level it opened. It can still be bought on a positive open on Tuesday. We don't want to see it close back below Monday's low of $5.30. Wave three is in progress. 9/22 It opened higher but came back down a little bit on Tuesday. The trajectory of the uptrend hasn't changed. Continue to hold. Use a close below Monday's low at around the $5.25 level as your stop. 9/23 It traded indecisively and formed a Doji. If it trades back below Wednesday's low of $5.40, close out the position. 9/24 It formed a Doji followed by a Bearish Engulfing signal, which is usually a strong sell signal. If it trades below Thursday's low at around $5.28, close out the position. 9/25 It should have been closed out as it closed below the T-line on Friday.

9/10 Bought MBFI on the positive trading above the T-line on Thursday. Continue to hold. 9/11 It's still breaking out above the 200 day moving average. Continue to hold until you see a sell signal. 9/14 It's still moving up very nicely after breaking out into new levels above the 200 day moving average. It should move higher. 9/15 It's still showing a nice strong chart. It's moving up in wave three. 9/16 It has been working great ever since it gapped up through the resistance level and moved through the 200 day moving average. Continue to hold until you see a sell signal. 9/17 Use Thursday's low of $19.34 as your stop. If it comes down through that area after Thursday's Doji, it tells us the Bears have taken control. 9/18 It's still in a nice, steady uptrend. Continue to hold. Use the halfway point of Wednesday's large bullish candle as your stop. If it closes back below that level, it tells us the profit-takers have taken control. 9/21 It's still in a nice, steady uptrend. Continue to hold until you see a confirmed sell signal. 9/22 It's still working very nicely. 9/23 It formed a Shooting Star/Harami. If it closes lower on Thursday, close out the position and take your profits. 9/24 It needs to open positive and trade positive on Friday to stay in it. 9/25 Profits should have been taken as it closed below the T-line on Friday.

9/28 LEAP was not bought on Monday. It did open higher but immediately started trading off. If you did buy it on the open you can still hold it, but we suggest buying it aggressively on anything above $20.50 on Tuesday.

9/28 VPRT was not shorted. Now be ready to buy it on a positive open.

9/24 Shorted MNKD on the weakness. It closed below the T-line. It can still be shorted on Friday. 9/25 Continue to stay short. Even though it formed a Spinning Top type signal on Friday, it was nothing to show that we should get out of it. Use Friday's high of $10.15 as your stop. It shouldn't come back up through that level. 9/28 It opened higher but didn't do very much. Continue to stay short. Use the T-line as your stop. 9/29 It should have been closed out because it did come up through the T-line. It closed back at the lower end of the trading range so be ready to short it again if it opens lower on Wednesday.

9/28 Bought ANDE on the positive trading on Monday. It's coming out of a little Rounded Bottom pattern. It can still be bought on positive trading on Tuesday. 9/29 It backed off but stayed up above the T-line. Continue to hold. Use a close below the T-line as your stop. 9/30 It should have been closed out on Wednesday as it closed below the T-line.  It can always be bought back if it forms another buy signal soon.

9/23 Bought EXBD. It opened higher and pulled back a little bit but it may not have changed the Fry Pan Bottom breakout. Continue to hold but we don't want to see it close back below the halfway point of Tuesday's bullish candle at around the $25.95 level. Use that as your stop. 9/24 It should be closed out on Friday on a weak open. It closed at about the halfway point of Tuesday's bullish candle. It needs to open higher and trade higher to stay in it. 9/25 It pulled back a little bit but had an indecisive trading day. It didn't close below the low of Tuesday's gap up candle and didn't close below the T-line. It needs to open higher and trade higher to stay in it on Monday. 9/28 Although this opened lower on Monday, it immediately started trading up. It can be bought on positive trading on Tuesday. 9/29 It stayed above the T-line even though it backed off. Give it one more day. 9/30 It should have been closed out on Wednesday as it closed below the T-line.

9/30 Bought KSS. It consolidated and could have been bought as it came back up through the previous day's close. It can still be bought on strength on Thursday. 10/1 It closed below the T-line on Thursday and should have been closed out. It formed somewhat of an Evening Star signal. It doesn't mean we have to give up on it. Watch to see if it forms a Cup and Handle pattern, but as of right now the probabilities say that if it closes below the T-line, come out of the position and wait for the next buy signal.

9/29 Bought SAY on the positive trading. It backed off near the end of the day but still has the breakout aspect in the downtrending channel. If this opens positive on Wednesday, you can still be a buyer. 9/30 It consolidated but came back up. Continue to hold as long as it stays above the T-line. 10/1 It should have been closed out as it closed below the T-line on Thursday.

9/29 Bought FST as it traded positive. It looks like it's trying to break out into wave three. 9/30 It pulled back a little bit but the upward trajectory didn't change. Continue to hold as long as it stays above the T-line. 10/1 It should have been closed out as it closed below the T-line on Thursday. Now watch for the next buy signal. It's sitting in a support area.

9/15 Bought WYNN on the positive trading on Tuesday. The chart is showing a nice breakout into new levels. It probably has the potential to move another 10 to 12 points to the upside. Continue to hold. This one should move up into the $85 area. 9/16 It formed a Bearish Engulfing signal on Wednesday in the overbought area. It needs to open higher and trade higher to stay in it. If it opens lower, it will probably come back down to test the T-line and you should close it out and wait for the next buy signal. It may move down to the T-line and bounce right back up again so be prepared to buy it back. 9/17 After the Bearish Engulfing signal on Wednesday, it formed a Doji. This makes the analysis very simple. If it opens positive on Friday, stay in it. If it opens lower, get out of it. 9/18 It's still consolidating at this level but isn't showing anything that tells us the Bears are in control. However, it definitely needs to show some strength on Monday. 9/21 It's still consolidating but hasn't come back below the T-line. It did form an Inverted Hammer type signal so if it opens positive on Tuesday, get ready for the next leg up. 9/22 It's forming a nice J-Hook pattern. This can be bought aggressively on a positive open on Wednesday. 9/23 It needs to open higher and trade higher on Thursday to stay in it. 9/24 It closed right at the T-line. It needs to open positive to stay in it on Friday. 9/25 It seems to be holding at the T-line. Continue to hold. Use a close below the T-line as your stop. 9/28 It stayed above the T-line. It can be bought on positive trading on Tuesday. 9/29 Get ready to buy this if it breaks out through its upper level. It's setting up for wave three. 9/30 It formed a Bearish Engulfing signal and closed right on the T-line. It needs to open higher and trade higher to stay in it. If it opens lower, close out the position immediately. 10/1 It should have been closed out on the weak open on Thursday after the Bearish Engulfing signal.

9/10 Bought OREX on the positive trading on Thursday. It's moving into new territory. Look for this to move into the $11.00 to $11.50 area. 9/11 It consolidated all the way back down to the T-line. It formed a Bearish Engulfing signal but it's not in the overbought area. Keep an eye on it. It needs to open higher and trade higher on Monday to continue to hold. It opens lower and starts heading back down to the T-line, close out the position. 9/14 It used the T-line as support on Friday and then had an indecisive day on Monday. If this opens higher on Tuesday, you will want to be a buyer immediately. This still has the potential to move into the $10.00 to $10.50 area. 9/15 It's still holding up above the T-line. Look to be buying this on positive trading on Wednesday. 9/16 Get ready to buy this aggressively on a positive open on Thursday. Notice how it's supporting on the T-line. 9/17 This was reiterated as a buy for Friday. Continue to hold as long as it stays above the T-line. 9/18 This could have been bought again on the positive trading, but it closed lower back on the T-line. Obviously, it needs to stay above the T-line on Monday to stay in the position. 9/21 It was reiterated as a buy on Friday. It moved up nicely on Monday. Continue to hold. 9/22 It did some consolidating on Tuesday but it wasn't anything to tell us the uptrend was affected. 9/23 It held up pretty well but it needs to show some strength. If it closes below the halfway point of Monday's large bullish candle or the T-line in the next day or so, close out the position. 9/24 It needs to open higher and trade higher on Friday to stay in it. 9/25 It needs to open positive on Monday to continue to hold. 9/28 It held up above the T-line. It can be bought on positive trading on Tuesday. 9/29 It's still using the T-line as support. Be ready to buy this on positive trading on Wednesday. 9/30 It started up but pulled back. It's still in a Rounded Bottom pattern. It formed a Shooting Star type signal on Wednesday which tells us it needs to open higher and trade higher for us to stay in it. If it starts trading back below the T-line on Thursday at approximately the $9.70 level, you will probably want to close out the position. 10/1 It held up most of the day but finally closed below the T-line. It should have been closed out.

9/4 Bought MIC on the positive trading. It opened lower but came back up through the previous day's close. It can still be bought on a positive open. 9/8 It's breaking out from a J-Hook pattern and can still be bought. 9/9 It hesitated a little but is still in a condition where, if it opens positive on Thursday you would definitely want to buy it aggressively. 9/10 We've seen some good profits in this one. Continue to hold but start watching for a sell signal. 9/11 It had a big Doji day on Friday. It has moved far away from the T-line. Take profits on any trading below Friday's low of $7.82. It needs to open higher and trade higher to continue the uptrend. 9/14 It's getting a little bit toppy but it's staying above the T-line. Continue to hold. At this point we don't want to see it trade back below Monday's low of $7.85. That would mean the Bears had taken control for the short term. 9/15 It's in a steady uptrend. Continue to hold. At this point we don't want to see it close back below the $7.85 level. That would tell us the Bears are starting to take control. 9/16 It's still moving in an upward direction. Continue to hold. Use the T-line as your stop. 9/17 Give it one more day. If it trades at all below the T-line, you will probably want to be out of the position. 9/18 It needed to trade higher, which it did. Use a close below the T-line as your stop. 9/21 It formed a little Morning Star type signal on the T-line. Continue to hold. 9/22 It did exactly what it should have done after the Morning Star signal. It bounced up off the T-line. Continue to hold. 9/23 It almost formed a Dark Cloud signal. Use the T-line as your stop. 9/24 Continue to hold as long as long as it stays up above the T-line. 9/25 It's still using the T-line as support. Continue to hold. 9/28 It's still moving up nicely. Continue to hold. 9/29 It backed off a little bit but didn't change the upward trajectory. Continue to hold. We don't want to see it close below the T-line. 9/30 It pulled back a little bit but didn't breach the T-line. If it opens lower and trades lower, close out the position immediately. It needs to open and trade higher to stay in it. 10/1 It should have been closed out as it closed below the T-line on Thursday.

9/18 ADBE was not shorted on Friday but can be shorted on Monday if it comes back down through Friday's low at the $32.70 level.

9/10 Bought EBS. If you bought it, you're fine. If you didn't buy it, be ready to buy it on a positive open on Friday. It should be starting its next leg up. 9/11 It's still holding up well. Continue to hold as long as it stays above the T-line. 9/14 It didn't sell off but didn't trade up. It's moving sideways and is probably waiting for the T-line to catch up. Continue to hold. Use a close below the T-line as your stop. 9/15 It's still moving up nicely. Continue to hold. Use the T-line as your stop. We should see another strong move up out of this indecisive area. 9/16 It has been in a nice steady uptrend ever since the Kicker signal formed. Continue to hold. 9/17 It's getting a little bit toppy. Continue to hold but if it trades back below Thursday's low on Friday, you will probably want to close out the position. It needs to trade flat or positive to stay in it. 9/18 It should have been closed as it closed below the T-line on Friday.

9/3 Bought AMKR on the positive trading on Thursday. It should break out through the recent highs. Continue to hold. 9/4 Right now it's in a breakout mode. It can still be bought on a positive open. Use the T-line as your stop. 9/8 It's still in a nice uptrend. It did some consolidation but we would definitely like to see it trade positive and break out from the recent highs. We don't want to see it trade back below Tuesday's low of $6.50. If it comes back down through there, take some profits. 9/9 It's still moving up nicely. Continue to hold. 9/10 We've seen some good profits in this one. Start watching for a sell signal. 9/11 It consolidated but it's nothing yet to change the upward direction. Use any trading below Thursday's open as your stop. That would tell us the consolidation would bring it back toward the T-line. 9/14 It's still in a nice steady uptrend. Continue to hold. It's been trading positive ever since it bounced off the 50 day moving average and broke out into new trading levels. 9/15 It looks like it has started its next move up in a little J-Hook type pattern. He ready to buy this on a positive open on Wednesday. 9/16 It consolidated a little bit on Wednesday but it's still moving in a nice upward direction. Continue to hold. Use the T-line as your stop. 9/17 If it opens lower on Friday, close it out. It needs to stay above the T-line. 9/18 It should have been closed out on Friday. If you didn't close it, close it on a lower open.

9/21 HAR was not bought. It opened lower but the upward trajectory didn't change. It can still be bought if it comes up through Friday's close at the $32.50 level.

9/17 Bought WBS on Thursday as it traded higher. However, it closed lower. It's not really changing the structure of the pattern but it needs to trade flat or higher on Friday. If it starts trading weaker on Friday, especially if the markets open weaker, you might want to take the position off and wait until the selling is over. 9/18 It came down, tested the 20 day moving average, and came back up. It opens positive on Monday, you can be a buyer. It has done its consolidation coming out of the Cradle pattern. 9/21 It opened lower and should have been closed out because it closed below the T-line. However, if it opens positive and comes back up above the T-line, we suggest buying it again.

9/14 Bought BZ as it traded higher on Monday. It's coming out of a Fry Pan Bottom/J-Hook type pattern. It can still be bought on Tuesday on positive trading. Then use the T-line as your stop. 9/15 It consolidated a little bit on Tuesday but it didn't change the upward trajectory. It's still in a J-Hook pattern. Use the T-line as your stop. 9/16 It's still in a nice uptrend. Continue to hold. 9/17 It traded weak on Thursday. It stayed above the T-line but formed a Bearish Engulfing signal. It needs to open positive to stay in it. If it opens lower, close out the position. You can always buy it back if it holds on at the T-line. 9/18 It consolidated but stayed above the T-line on the close. It needs to open higher. If it opens lower and starts trading back down below the T-line, close out the position and be ready for the next buy signal. 9/21 It should have been closed out because it closed below the T-line. However, it traded indecisively, which keeps us on alert. If it trades back up above the T-line, you can buy back into it.

9/9 Bought CETV as it broke out through our buy stop area. Notice the J-Hook pattern. With the gap up through the recent high, it shows us there should be more upside potential in this one. 9/10 It's still moving up nicely. Continue to hold until you see a sell signal. 9/11 It's still in an uptrend but might be getting a little bit toppy at this level. At this point use a close below the halfway point of Wednesday's large bullish candle at around $31.50 as your stop. 9/14 If this opens lower on Tuesday, close out the position. It would then probably come back and use the T-line or the 20 day moving average as support. 9/15 It's still in a nice strong uptrend. Continue to hold. Use the T-line as your stop. 9/16 It's still moving up nicely. This has been a good, profitable trade so far. 9/17 It formed a Bearish Harami on Thursday. We don't want to see it trade at all back below Thursday's open at around the $35 level. It needs to stay above that level to continue holding it. Many stocks are getting toppy right now so you may want to be a little quicker at taking profits. 9/18 It's still in the J-Hook pattern and is continuing up nicely. It has gotten a good distance away from the T-line so watch for some profit-taking. Continue to hold until you see a sell signal. 9/21 You probably should have used Friday's open as your stop. It formed a Bearish Engulfing signal. It should have been stopped out but if it shows support on the T-line, be ready to buy it back.

9/18 Shorted TC on Friday. It can still be shorted on further weakness. Notice how it failed at the moving averages. 9/21 It came back up on Monday. If it opens higher on Tuesday, close out the short position. 9/22 It should have been closed out on Tuesday as it opened positive.

9/22 Bought AAP as it opened positive on Tuesday. It formed a Doji, which makes this a very simple analysis. It can be bought on Wednesday on a positive open. It should have a nice strong up-move. 9/23 It should have been closed out on Wednesday with it gapping down and closing below the previous day's open.

9/18 Bought VVUS. It gapped up and formed somewhat of an Evening Star signal. It needs to open positive on Monday to stay in the position. 9/21 It's still forming a J-Hook pattern. It can still be bought on positive trading. Use the T-line as your stop. 9/22 It didn't do anything exciting on Tuesday but it's still in the J-Hook type pattern. 9/23 It went the wrong way. It needed to trade higher on Wednesday. It should have been closed out. If you still own it, close it out if it trades below the T-line on Thursday.

9/17 Bought WTFC. It opened higher and traded lower but it didn't change the trajectory of the trend. It needs to open higher and trade higher on Friday to keep holding it. 9/18 It came right back up again on Friday after testing the 20 day moving average. It can still be bought on a positive open on Monday. 9/21 It hasn't done anything yet to indicate we should close out the position. Continue to stay long. Use the T-line as your stop. 9/22 It came down, tested the T-line, and came back up. We still need to see it shoot to the upside pretty soon. 9/23 It should have been closed out as it closed below the T-line on Wednesday.

9/11 Bought RFMD on the positive open. It consolidated but it still broke out above the recent high levels. Be ready to buy this on any positive trading on Monday. 9/14 It's breaking out from a Scoop type pattern. It can be bought on positive trading on Tuesday. 9/15 Be ready to buy this on positive trading. It's still moving very nicely out of the breakout area. 9/16 It's still in a little steady uptrend. Continue to hold. Use the T-line as your stop. 9/17 It's still holding up but it needs to open higher on Friday. If it opens weaker on Friday, close out the position. That will also be a function of how the markets open on Friday. 9/18 It formed a Bearish Engulfing signal and closed just above the T-line. If it opens lower on Monday, close it out immediately. 9/21 It supported on the T-line. Continue to hold. Use the T-line as your stop. 9/22 It's trying to move up but it needs to break out within the next two days of trading. If it doesn't break out from this level, it will probably keep trading sideways. At that point you should come out of the position and set a buy stop above this level to buy back in. 9/23 It should have been closed out on Wednesday as it closed below the T-line. It's forming an Evening Star type signal.

9/8 Bought XIDE on the positive trading on Tuesday. It can still be bought on positive trading on Wednesday. It's forming a nice J-Hook/Scoop type pattern. 9/9 It backed off a little bit but didn't close below the T-line. Continue to hold. If it opens positive on Thursday, you can still be a buyer. 9/10 It moved up very nicely on Thursday. Continue to hold. It's trying to confirm the J-Hook pattern. 9/11 It did a little profit-taking but didn't do anything to change the uptrend. Look for a positive open. We don't want to see it close back below the halfway point of Thursday's large bullish candle at around the $7.60 area. 9/14 It consolidated but came back up above the T-line. It can be bought aggressively on a positive open on Tuesday. 9/15 It's still moving up nicely coming out of the mini-Scoop type pattern. Continue to hold. 9/16 Continue to hold. It's moving up nicely. 9/17 It's still in an uptrend. Use Thursday's low at around $8.36 as your stop. If it comes down through there, the Bears are taking control. 9/18 It's getting a little bit toppy. It needs to stay above Wednesday's open and the recent lows to continue to hold. If it comes down below that level, come out of the position. 9/21 It stayed above the T-line. Continue to hold. We don't want to see it close below the T-line. 9/22 It needed to open positive and trade up, which it did. It stayed above the T-line on Tuesday. It can be bought aggressively on a positive open on Wednesday. 9/23 It should have been closed out as it closed below the T-line on Wednesday.

9/2 Bought BEXP as it came back up through the previous day's close after opening lower, especially after the previous Kicker signal. Continue to hold and use the T-line as your stop. 9/3 It's moving up nicely after the Kicker signal. Continue to hold. 9/4 It broke out nicely into new territory on Friday. Continue to hold. 9/8 Continue to hold. 9/9 It formed a little Shooting Star. Use Wednesday's low of $8.82 as your stop. It shouldn't come back down through there. 9/10 It might be getting a little bit toppy after doing a very strong profit move over the last few days. At this point we don't want to see it close below Thursday's low of $9.10. 9/11 It formed a Doji and then a Bearish Engulfing signal. If it trades below Friday's low, close out the position and wait for the next buy signal. 9/14 It's still moving up nicely. It couldn't close below the T-line. It formed somewhat of a mild Belt Hold type signal. Look for a positive open on Tuesday. 9/15 It's setting up for a nice little J-Hook pattern. 9/16 It formed a little Doji. Use the halfway point of Thursday's bullish candle at around the $9.50 level as your stop. If it closes below that level, it will be forming an Evening Star signal. 9/17 It traded lower and used the T-line has support. If it opens weaker and trades below $9.37 on Friday, close out the position. That would tell us the Bears are still selling. 9/18 It consolidated but closed just above the T-line. It needs to open positive to stay in it. 9/21 It's still holding up above the T-line. It can still be bought if it opens positive on Tuesday. 9/22 It could have been bought again on the positive open on Tuesday. 9/23 It closed below the T-line and formed a Bearish Engulfing signal. It should have been closed out with good profits.

9/2 Bought EXEL as it came back up through our buy stop. It formed a nice signal coming out of the Morning Star pattern and the Fry Pan Bottom pattern. Continue to hold and use the T-line as your stop. 9/3 It consolidated very nicely back to the T-line and closed near the top end of the trading range. It's coming out of a Fry Pan Bottom. Be ready to buy this on a positive open on Friday. 9/4 It's still moving up using the T-line as a base. Definitely look for a breakout in this one from the nice Fry Pan Bottom pattern. 9/8 It formed a Doji. If it opens positive on Wednesday, you will definitely want to be a buyer. 9/9 It's still moving up. Continue to hold. It's starting to break out from a nice Fry Pan Bottom pattern. 9/10 It's still moving up nicely. Continue to hold. 9/11 It formed a Shooting Star/Harami. Be ready to take some profits at this level. Just watch to see what it does when it pulls back to the T-line. 9/14 It's still in a nice steady uptrend. Continue to hold. Use the T-line as your stop. 9/15 It's still moving up nicely. It's consistent. Continue to hold. 9/16 It got scary on Wednesday but it came right back up by the end of the day. Be ready to buy this aggressively on a positive open on Thursday after the Belt Hold type signal. 9/17 It's still working out nicely. Keep holding it as long as it stays above the T-line. 9/18 It formed somewhat of a Tweezer Top so be careful. At this point use any trading below the T-line as your stop. 9/21 It's still in a nice uptrend. Continue to hold. 9/22 It had its first day of potential profit-taking. It gapped up in the overbought area and formed a Dark Cloud signal. If it opens lower on Wednesday, take your profits. 9/23 It closed right on the T-line but after a day when it formed a Dark cloud. It should have been closed out.

9/24 Bought ASIA on the positive open, but it definitely should have been closed with it forming a Bearish Engulfing signal.

9/23 Bought FSYS on the positive trading on Wednesday but it came back down toward the T-line. It didn't negate the Kicker signal but with the market weakening like it did late in the day, if the market gets weaker on Thursday you may want to come out of it and wait for the next buy signal. 9/24 It should have been closed out on Thursday as it closed below the T-line.

9/22 Bought MDZ. It opened lower and traded positive. It closed slightly lower but it's still in an uptrend. It can still be bought if it opens positive on Wednesday. 9/23 Its weak but didn't close below the T-line. If it does, close out the position. 9/24 It should have been closed out as it closed below the T-line.

9/16 Bought CWTR. It opened higher, consolidated, and closed higher than where it opened. This can be bought aggressively on a positive open on Thursday. 9/17 It broke out nicely as expected out of this type of pattern. Continue to hold. 9/18 It's still in an uptrend after some profits were taken. It should still continue higher. 9/21 It formed a Bearish Harami on Monday but it's still in an uptrend. We don't want to see it trade at all back below $8.25 on Tuesday. That would tell us the Bears are in control. Use $8.25 as your stop. 9/22 It tried to trade up. It needs to open positive. We don't want to see it close below the T-line. 9/23 It went in the wrong direction. It should be closed out if it trades below the T-line on Thursday. 9/24 It should have been closed out on Thursday as it closed below the T-line.

9/9 Bought RDN on Wednesday on the positive trading. It can still be bought on positive trading on Thursday, which would break it out through the recent highs. It's in the process of forming a nice J-Hook pattern. 9/10 It's moving out into new territory. Look for the J-Hook pattern to perform which would possibly take this up into a $14 to $15 area. 9/11 It continued its uptrend. It consolidated a little bit on Friday. It needs to stay above the T-line and we'd like to see it open positive on Monday. 9/14 It supported on the T-line and came right back up again. There is still a J-Hook pattern in progress. Continue to hold. 9/15 It formed a little Belt Hold type signal on Monday and gapped up on Tuesday. Continue to hold. It's still in wave three of the J-Hook pattern. 9/16 It's still moving up. Continue to hold until you see a sell signal or a close below the halfway point of Tuesday's bullish candle at around the $11 range. That would create an Evening Star signal. 9/17 It formed a Shooting Star/Hanging Man/Doji. Use Thursday's low of $11.26 as your stop. If it comes down through there, the Bears are in control. 9/18 Its still in the J-Hook pattern set-up. Continue to hold. 9/21 It's selling off. It needs to stay above the T-line to continue to hold. 9/22 It's still in an uptrend. Continue to hold. Use the T-line as your stop. 9/23 Continue to hold. 9/24 It should have been closed out on Thursday as it closed below the T-line.

9/4 Bought OVTI as it opened and started moving steadily positive. It's forming a nice J-Hook pattern. Continue to hold. 9/8 This can be bought on a positive open on Wednesday. That would result in a breakout from a J-Hook pattern. 9/9 It backed off a little bit. The direction didn't change much but it may be moving sideways until the T-line catches up. Use a close below the T-line as your stop. 9/10 It's still moving up nicely. Continue to hold. 9/11 It consolidated a little bit on Friday but it didn't change the uptrend. Continue to hold. Use the T-line at around the halfway point of Thursday's large bullish candle at the $15.50 level as your stop. 9/14 It's still in a nice steady uptrend. Continue to hold. 9/15 It isn't doing anything wild and exciting but it's staying above the T-line. It's probably waiting for the T-line to catch up before it moves up again. Continue to hold. 9/16 It's still moving in an upward direction. Continue to hold. 9/17 It's still in an uptrend. Use a close below the halfway point of Wednesday's bullish candle at around $16.20 as your stop. If it closes below that level, it will be forming an Evening Star signal in the overbought area. 9/18 It's not showing that the Bears are in control. Continue to hold. Use the T-line as your stop. 9/21 It's still in an uptrend but formed a little Shooting Star signal on Monday, so be careful. Use the T-line as your stop. 9/22 It's getting toppy but it's still in an uptrend. Continue to hold until you see it close below the T-line. 9/23 Continue to hold unless it closes below the T-line at around the $16.60 level. 9/24 It should have been closed out on Thursday as it closed below the T-line.

9/14 CNW was not bought because it opened lower and traded lower most of the day. However, it can still be bought if it comes up through the $44.75 level. Monday's trading may have just been consolidation. If it starts trading positive on Tuesday, you will definitely want to be a buyer.

9/14 PDC was not bought. It can be bought if it comes back up through Monday's high at the $6.15 level. It would then be breaking out and confirming the J-hook pattern.

9/15 CROX was not bought on Tuesday. It was hovering around a level where it could have been bought but it didn't show any strength. However, if it comes back up through the $7.30 level, be ready to buy it. This one would be a good candidate for your Profit Scanner software. Look for good price movement and good volume.

9/3 Bought CVLT on the positive trading. If you didn't buy it, be ready to buy it on a positive open on Friday. That would be breaking it out into new territory. 9/4 It's still moving nicely to the upside. It's in new territory. Continue to hold. It might be in a nice steady uptrend from here. Use the T-line as your stop. 9/8 It may be running out of steam. It needs to trade positive on Wednesday. We don't want to see it close below the halfway point of Friday's bullish candle at around $19.90. If it trades below that level, take some profits and wait for the T-line to catch up. 9/9 It's still moving up nicely. Continue to hold. Use the T-line as your stop. 9/10 It might be getting a little bit toppy but continue to hold as long as it doesn't close below the T-line. 9/11 You could have taken some profits on about half the position. Now wait to see what it does when it gets to the T-line. 9/14 It consolidated but didn't close below the T-line. It needs to trade higher on Tuesday to stay in it. 9/15 It should have been closed out on Tuesday as it closed back below the T-line. It's probably telling us the trend channel is still in progress.

9/16 CGA was not bought. After a nice Morning Star signal on Tuesday, it opened much lower on Wednesday. It's caught in a sideways channel and should not have been executed.

9/4 Bought CYPB on the positive open on Friday. Even though it pulled back, it used the T-line area as support and bounced back up. This can still be bought aggressively if it opens positive, especially if it opens above or near the previous open of $7.50. That would tell you the Bulls are very strong after the little Cradle type pattern. 9/8 It had a very nice day. It formed a Kicker type signal that used the T-line as support. Look for the 50 day moving average to be the target. 9/9 It held up above the 200 day moving average. It's bobbing at the 34 day moving average. We're still looking for it to move toward the 50 day moving average. 9/10 It's still moving up nicely. Continue to hold. 9/11 It opened lower but notice that it came back up and closed up above the T-line. Give it one more day but it needs to open positive and trade positive to stay in it. 9/14 It opened lower on Friday and came back up. It opened higher on Monday and closed at the high end of the trading range. It looks like it may form a J-Hook type pattern. Look to buy this one again on positive trading on Tuesday. That would tell us it still has the potential to move up to the 50 day moving average. 9/15 It looks like it's setting up for J-Hook pattern. It needs to trade higher in the next day or so. Give it one more day. If it doesn't trade higher on Wednesday, close out the position and wait for the next buy signal. 9/16 This should have been closed out on Wednesday as it closed below the T-line.

9/17 Bought USU as it traded higher on Thursday, but it closed right at Wednesday's open. It should have been closed out. If you didn't close it out, it needs to open higher and trade higher to stay in it. If it opens lower you definitely want to be out of it.

9/16 Bought ONTY. It opened higher on Wednesday but then backed off. However, it didn't change the uptrend. This one can still be bought. Be ready to buy this, especially if it comes up through the $7.00 area. 9/17 It stayed above the T-line but closed more than halfway down Tuesday's bullish candle. If you didn't close it, be ready to close it on weakness on Friday. It needs to open higher and trade higher to stay in it.

9/11 Bought CHK on the positive open as it broke out through the recent high levels. This stock could move up into the $30 to $32 area. If it opens positive on Monday, it can be bought immediately. 9/14 Monday's trading showed the Bulls were still active in this stock after the recent breakout into new trading levels. Continue to hold. We're looking for this to move into the $30 to $32 area. 9/15 It's moving up nicely. We expect it to move to the $30 to $32 area before we start taking profits. 9/16 It gapped up and formed a Hanging Man signal. It needs to open higher and trade higher to stay in it. Otherwise, there will probably be profit-taking that will take it down toward the T-line. 9/17 Profits should have been taken after the Hanging Man signal. If you didn't close it on Thursday with it closing below Wednesday's low, be ready to take profits on a weak open on Friday.

9/8 Bought LEAP. It opened higher but then backed off. However, it didn't do anything to change the upward trajectory. It can still be bought on positive trading on Wednesday. 9/9 It backed off but used the T-line as support. It can be bought aggressively on a positive open on Thursday. 9/10 It's still moving up. We're looking for it to move up to the 50 day moving average. Continue to hold as long as it doesn't close below the T-line. 9/11 It continued up nicely. We're still looking for the 50 day moving average to be the target. 9/14 Continue to hold. 9/15 It's still working off the Fry Pan Bottom pattern. We still suspect that it will hit the 50 day moving average. Once it gets there, see what type of pattern it forms. If it breaks through the 50 day moving average, it could head up to the 200 day moving average. 9/16 It has now come up to the 50 day moving average. If it goes through the 50 day moving average, hold onto it. If it fails at this level, take profits. 9/17 It should have been closed out on Thursday as it came down through Wednesday's low, which told us the 50 day moving average was acting as resistance.

9/8 Bought FRZ on the positive open. It pulled back but didn't change the upward trajectory. It's not quite in the overbought area. Give it another day but it needs to trade higher on Wednesday. 9/9 It came back as expected. Still be ready to buy this if it breaks out through the recent high levels. 9/10 It's still moving up. If it moves up through the recent highs, you can still be a buyer. Use the T-line as your stop. 9/11 It's getting a little bit toppy. It needs to break through the recent high levels pretty quickly. Otherwise, it's time to start taking some profits. 9/14 It's still staying above the T-line but it needs to break out above the recent high levels very quickly. Otherwise, any trading below the T-line would warrant closing out the position. 9/15 It's not doing anything except going sideways. It needs to break out pretty soon. When the T-line catches up in the next day or so it should bounce up off of that. 9/16 It's still trying to move up in the next wave. If you don't own it, use the $6.20 level as a buy stop. If it comes up through that level, it tells us the Bulls are taking it up into higher territory. 9/17 It should have been closed out on Thursday as it closed below the T-line.

9/2 Shorted ANN on the weakness. It stayed below the T-line and supported on the 20 day moving average. Watch this one. We're looking for more weakness. Continue to stay short as long as it stays below the T-line. 9/3 It formed a Bullish Harami. It touched the T-line at the top of Thursday's trading and broke down through the 20 day moving average at the bottom. It needs to open lower and trade down to stay short. If it opens up above Thursday's high of $13.35, close out the position. That would be bringing it back up through the T-line. 9/4 The short position was covered as it opened positive and traded above Thursday's high. It's now stopped out but you can now look at it as a buy. It can be bought on positive trading.

9/9 OPXA was not bought. It broke out on Tuesday but didn't confirm on Wednesday. However, put your buy stop where it closed on Tuesday at around the $5.65 level. If it comes back up through there, it shows you the Bulls are in control.

9/1 Bought MYGN as it went positive on Tuesday but it closed down on little bit, right below where it opened. We had suggested in the chat room that people should get out of it if it closed below where it opened on Tuesday. This was suggested for two reasons. The sellers had started to take control and the markets in general did not look good. If you bought it and it opens lower on Wednesday, close out the position. Then wait until the market shows us a better direction. This could be coming back to test the T-line.

9/3 JBL was not shorted. It opened and started trading higher. It can still be shorted if it comes back down through Thursday's low of of $10.50.

9/3 TRV was not shorted. As a matter of fact, it formed somewhat of a Morning Star signal. It's showing that the T-line is still acting in support.

9/2 Shorted TROW on the weakness. It formed a Doji so it needs to open lower on Thursday to stay in it. If it opens higher, use Wednesday's high of $43.71 as your stop. If it comes back up through there, the Bulls are back in control again. 9/3 This should have been stopped out on Thursday as it traded up above Wednesday's high. It can be shorted again if it comes back down through Thursday's open of $42.78.

9/1 Shorted CCK as it came back down through its opening price after trading positive for a while. It popped up to the 34 day moving average and sold off again. This can still be shorted on weakness on Wednesday. 9/2 It tried to come up but went back down with the stochastics still moving in a downward direction. Continue to stay short. At this point use Wednesday's high of $24.63 as your stop. It shouldn't come up through that level. 9/3 It should have been stopped out as it traded up above the previous day's high. It can still be shorted if it comes back down through Thursday's low, which was also near Wednesday's low at the $24.12 level.

9/1 Shorted GLW. It opened higher and then faded off. It was shorted as it came down through our sell stop area. This could move all the way down to the 200 day moving average. 9/2 It almost formed a Piercing signal on Wednesday. It's still not in the overbought area. Continue to stay short as long as it doesn't trade above the highs of the last two days at around the $15.20 level. If it opens higher and starts trading up, you will probably want to cover this position. It may be moving from the bottom of the downtrending channel back up toward the top of the downtrending channel. 9/3 It should have been closed as it traded higher on Thursday.


 

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