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Steve's Trading Diary - November 2009


11/30 Bought GGC on Monday as it traded up above the T-line. This can still b e bought on positive trading. Continue to hold as long as it doesn't close below the T-line. 12/1 It gapped up above the T-line. Continue to buy this one. It could move right up to the 20 day moving average. 12/2 Although it pulled back a little bit on Wednesday, it's still in a Fry Pan Bottom trajectory. Continue to hold as long as it doesn't close below the T-line. 12/3 Continue to hold as long as it stays above the T-line and within the Fry Pan Bottom trajectory. 12/4 It's still in the Fry Pan Bottom trajectory. Continue to hold and use a close below the T-line as your stop. 12/7 It's still in a nice Fry Pan Bottom pattern. Look for a breakout. It can still be bought on any signs of strength. 12/8 It's still moving up nicely out of the Fry Pan Bottom pattern. Continue to hold. 12/9 It's still working effectively in the Fry Pan Bottom pattern. 12/10 It's still in an uptrend but if it closes below the T-line, close out the position. 12/11 It stayed above the T-line. Continue to hold. 12/14 Continue to hold as long as it stays above the T-line. 12/15 It's getting a little bit "iffy". It needs to be closed out if it closes below the T-line on Wednesday. 12/16 It closed just a little above the T-line. It needs to open higher and trade higher to keep holding it. If it opens lower on Thursday and starts trading down, close out the position immediately. 12/17 Continue to hold as long as it stays above the T-line. 12/18 We are reiterating this as a buy. It's forming a Cup and Handle pattern. Still use a close below the T-line as your stop. 12/21 It's now just getting up toward the 50 day moving average. If it trades above the 50 day moving average on Tuesday, you will want to buy it aggressively. Just be careful of the relatively small volume. For a $17 stock you're all right at 180,000 shares a day. 12/22 It should be bought aggressively on a positive open on Wednesday. That would take it up through the 50 day moving average, which would mean there would be no resistance until it hit the 200 day moving average. 12/23 This can be bought on positive trading on Thursday. It could move up to the 200 day moving average. 12/24 It can be bought on a positive open. It's breaking out from a Fry Pan Bottom pattern above the 50 day moving average. 12/28 It's still in an uptrend. Continue to hold. 12/29 It's still in a nice, steady uptrend. It used the T-line as support and bounced right back up. It can be bought if it opens positive on Wednesday. 12/31 It was getting very close to closing below the T-line but closed just above it. If it trades back below the $17.25 level, close out the position. 1/4 We would be buying this on any positive trading on Tuesday. Use the T-line as your stop. 1/5 It's still moving up nicely. Continue to hold, especially if it opens positive. 1/6 It did a left/right combination in the overbought area. It needs to open higher and trade higher. If it starts trading down, close out the position. 1/7 It's still staying above the T-line but it needs to open higher on Friday to stay in it. 1/8 It closed right back on the T-line. It needs to open positive and trade positive to stay in it. 1/11 It still traded above the T-line, but just barely. It needs to open higher and trade higher to stay in it. If it trades below the T-line level, take profits. 1/12 It should have been closed out with it closing below the T-line. Now we expect it to come back down to test the 50 day moving average.

11/23 Bought PCS on the positive trading after the Cradle pattern. The analysis is very simple. If it opens positive on Tuesday, it can be bought immediately. 11/24 It backed off all the way to the T-line. It needs to open higher and trade higher immediately to stay in it on Wednesday. 11/25 It opened lower and came back up. Give it one more day. It needs to open positive and trade positive. If it opens lower on Monday, close out the position. 11/30 It came back down through the T-line and formed an Inverted Hammer. It needs to open positive and trade positive to stay in it. If it opens weaker on Tuesday, close out the position. 12/1 It came back up through the T-line. This can still be bought. We're looking for it to come up toward the 50 day moving average. 12/2 This can still be bought. It's forming a nice Fry Pan Bottom set-up. 12/3 It's still in a Fry Pan Bottom pattern. Use the T-line as your stop. 12/4 It didn't do much of anything. It's still in the Fry Pan Bottom. Continue to hold and use a close below the T-line as your stop. 12/7 It can be bought aggressively on a positive open on Tuesday. 12/8 It's running into a little bit of resistance at the 50 day moving average. Hopefully it will trade up through that level. 12/9 It didn't break the trajectory of the Fry Pan Bottom pattern and didn't close below the T-line, but it definitely needs to open higher and trade higher to stay in it. If it opens lower on Thursday and starts trading down, close out the position. 12/10 It's still moving steadily above the T-line. It's now back up above the 50 day moving average. It can be bought on positive trading on Friday. 12/11 Continue to hold. It's still coming out of the Fry Pan Bottom pattern. 12/14 Continue to hold as long as it stays above the T-line. 12/15 This was reiterated as a buy for Wednesday. Be ready to buy it aggressively on a positive open. 12/16 This could have been bought again on Wednesday on the positive open. It's forming a nice Rounded Bottom pattern with a Cradle type pattern in the middle. Continue to hold. As a first target, it should come up to fill a previous gap. 12/17 Continue to hold as long as it stays above the T-line. 12/18 It's still moving up nicely. It looks like it will gap up on Monday morning. If it does, you will want to buy it aggressively. 12/21 It gapped open and pulled back but is still in an upward trajectory. Continue to hold as long as it stays above the T-line. 12/22 It's still moving up nicely. It's staying above the T-line. Continue to hold. 12/23 It's getting toppy at this level. It needs to show strength on Thursday with a strong move to the upside. Otherwise, it will keep moving sideways. If you see any weakness in this one, close out the position and see if it eventually bounces up off the T-line. 12/24 It's still in a slow, steady uptrend. We'd like to see it break out pretty soon. Use the T-line as your stop. 12/28 It's still holding up well. It's still in a big Fry Pan Bottom pattern. Continue to hold. 12/29 It's still in a slow, steady uptrend. Continue to use the T-line as your stop. 12/31 It's right on the T-line. It needs to open positive and trade positive to stay in it. 1/4 It's moving slowly but it's in a nice, steady uptrend. Continue to hold as long as it trades above the T-line. 1/5 It's still slowly moving up. Continue to hold and use the T-line as your stop. 1/6 It should have been closed out with it closing below the T-line.

11/11 Bought MNKD on Wednesday as it opened positive. It consolidated but came back up. It can still be bought aggressively on a positive open on Thursday. It's forming a nice Fry Pan Bottom pattern. 11/12 It backed off a little bit. It might test the T-line and form a Cup and Handle pattern. Continue to hold as long as it doesn't close below the T-line. 11/13 Still use the T-line has your stop. It needs to hold above that level. It's still looking like a Cup and Handle type set-up. 11/16 It's still coming out of a Fry Pan Bottom pattern. It's forming a little Cup and Handle pattern. It can be bought on a positive open on Tuesday. 11/17 It can be bought coming out of the Fry Pan Bottom/Cup and Handle pattern. 11/18 It came up and touched the 50 day moving average. If it breaks through the 50 day moving average on Thursday, you will want to be buying it aggressively. 11/19 Continue to hold because it didn't close below the T-line. It still has a Fry Pan Bottom breakout possibility. 11/20 It's still stuck in between the T-line and the 50 day moving average. Continue to hold as long as it doesn't close below the T-line. 11/23 It's still bobbing between the T-line and the 50 day moving average. Be ready to buy this aggressively if it comes up through the $7.25 level. 11/24 It's getting squeezed between the T-line and the 50 day moving average. It needs to break out. Be ready to buy this if it comes up through the 50 day moving average. 11/25 It stayed in its little "wedge" area. We're still looking for it to break out through the 50 day moving average. 11/30 This was reiterated as a buy for Tuesday if it opens positive. 12/1 This could have been bought again. It was reiterated as a buy now that it has moved up through the 50 day moving average. It had a Doji type day. Be ready to buy this on a positive open on Wednesday. It should have another strong day. 12/2 It's still in an uptrend. Use the T-line as your stop. 12/3 It got a little bit soggy on Wednesday but stayed above the T-line. Continue to hold and use a close below the T-line as your stop. 12/4 It didn't do much of anything. Continue to hold and use a close below the T-line as your stop. 12/7 It needs to have a pop to the upside very quickly. Close it out if it closes below the T-line. 12/8 It bounced up nicely off the T-line. It's still using the T-line as support. Continue to hold and use the T-line as your stop. 12/9 It's still in a nice steady uptrend. Continue to use the T-line as your stop. 12/10 It's still in a nice, steady uptrend. It could possibly move up to fill the previous gap. 12/11 It's still moving up nicely. Continue to hold until you see a sell signal. 12/14 It's still moving up nicely out of the Rounding Bottom pattern. Continue to hold. 12/15 It's still moving up nicely. Continue to hold. Use the T-line as your stop. If it comes down through that level, the sellers would be in control. 12/16 It's still working very nicely. Continue to hold. Just be cognizant of the fact that it's in the overbought area and it's moved a good distance away from the T-line. 12/17 Continue to hold as long as it stays above the T-line. 12/18 It's still moving up nicely. Continue to hold. 12/21 It's still moving up nicely. Continue to hold. At this point use any trading below Monday's low of $9.06 as your stop. 12/22 This was very scary on Tuesday. It formed a big Evening Star signal. The analysis is very simple. It needs to open higher and start trading higher to stay in it. If it opens and starts trading down, especially below the T-line, close out the position immediately. 12/23 It stayed above the T-line. On Tuesday it formed a huge Hammer type signal or Hanging Man signal depending on whether it starts trading higher on Thursday. If it opens lower and starts moving down, we obviously know what the Hanging Man signal is telling us. 12/24 It needs to open positive and trade positive on Monday to stay in it. If it opens lower, close out the position. 12/28 It should have been closed out as it closed below the T-line.

11/30 Bought CSIQ on Monday as it traded positive after Friday's Belt Hold signal and Monday's confirmation of the J-Hook pattern set-up. This can still be bought on positive trading. 12/1 It's still performing out of the J-Hook pattern even though it came back a little by the end of the day. It's still in a J-Hook pattern. Continue to hold. Use the T-line as your stop. 12/2 It's still moving in the right direction. Continue to hold. Use the T-line as your stop. 12/3 It formed a Doji in the overbought area. If it trades lower, especially below the $22.70 area, close out the position. That would mean profit-taking is coming in. 12/4 It came down, tested the T-line, and came back up again. Continue to hold as long as it doesn't close below the T-line. 12/7 It's moving up nicely. Continue to hold and use the T-line as your stop. 12/8 It formed a Bearish Harami. If it opens lower on Wednesday, close out the position. 12/9 It used the T-line as support and came back up. 12/10 It formed a Bearish Engulfing signal after a Doji. If it trades at all below the T-line, close out the position. 12/11 It should have been closed out as it closed below the T-line after a Bearish Engulfing signal.

11/23 Bought LEAP as it came back up through Friday's high and the 34 day moving average. Continue to hold. Use the T-line as your stop. We're looking for it to break out through the 50 day moving average. 11/24 It traded a little bit higher on Tuesday and backed off, but it was nothing to change the trajectory of the Cradle pattern. 11/25 It came back and tested the T-line before moving back up and testing the 2-day and the 34 day moving average. If it opens positive, it's definitely moving back up to test the 50 day moving average. 11/30 Continue to hold as long as it stays above the T-line. 12/1 It's in a nice Fry Pan Bottom type pattern with somewhat of a Cradle pattern included. It should break through the 50 day moving average and then have some running room. 12/2 It's right at the 50 day moving average. If it opens positive on Thursday, it can be bought aggressively. 12/3 It still moved up nicely coming out of the Fry Pan Bottom pattern. It traded above the 50 day moving average. Continue to hold. Use the T-line as your stop. 12/4 It continues to slowly move higher. Continue to hold. Use the T-line as your stop. 12/7 It can definitely be bought on a positive open on Tuesday after Monday's Doji. That would signify that the uptrend was still in progress. We're definitely looking for a breakout on this one. 12/8 It might be ready for some profit-taking. If it opens lower and trades down through the T-line on Wednesday, close out the position and wait for the next buy signal. The next buy signal may be a Cup and Handle type movement. 12/9 It should have been closed out as it closed below the T-line. Don't give up on it though. Watch for a J-Hook type pattern to set up.

11/11 Bought DVA. It traded positive but came back down. It can still be bought aggressively if it comes back up through the $59 level. 11/12 Continue holding it as long as it doesn't close below the T-line. 11/13 It held up above the T-line. Continue to hold, especially if it opens positive. Use the T-line as your stop. 11/16 It formed a Morning Star signal at the end of a flat trading area. Buy this on a positive open. It should be bouncing off the T-line. 11/17 It can be bought aggressively if it comes up through the recent high levels at around the $59.40 area. If it breaks through that level, you will want to be a buyer. 11/18 It needs to have an up-day fairly soon. Otherwise, it will be obvious the Bulls are not there anymore. 11/19 It came back up and closed above the T-line. It needs to open positive to stay in it. If it opens lower, close out the position immediately. 11/20 It held up above the T-line. Continue to hold. It can be bought on any positive trading on Monday. 11/23 It finally broke out to the upside. It can be bought while anticipating that wave three is starting. 11/24 It's still moving up nicely. Continue to hold. 11/25 It needs to open positive and trade positive. If it opens negative, close the position immediately. That will result in an Inverted Scoop pattern set-up. 11/30 It needs to open positive on Tuesday to stay in the position. If it opens lower, close out the position immediately. 12/1 It's staying above the T-line. Continue to hold. 12/2 It continues to move up nicely. Continue to hold as long as it stays above the T-line. 12/3 It formed a little Shooting Star/Doji. Use the T-line or the $60 level on Friday as your stop. 12/4 It formed a Bearish Engulfing signal after a Doji with a booster. If it opens lower on Monday, close out the position immediately. It needs to open higher and trade higher to stay in it. 12/7 It should have been closed out on Monday after closing below the T-line after Friday's Bearish Engulfing signal.

11/25 IOC was not bought on Friday. It opened lower but closed back up at the top end of the trading range on Friday. It's still in a Rounded Bottom trajectory. If it opens positive on Monday, be ready to buy it aggressively.

11/25 BGS was not bought. It got knocked around from the consolidation of the markets on Friday. It tested the T-line and came back up. If it opens positive on Monday, it can be bought aggressively.

11/24 Bought NANO as it moved positive on Tuesday. It can still be bought on a positive open on Wednesday. Continue to use the T-line as your stop. 11/25 It opened much lower but came back up. It can be bought on a positive open. If it opens lower and starts trading down, close out the position. 11/30 It probably should have been closed out on Monday. However, right near the close it was trying to form a Hammer signal. If you still own it, it needs to open positive and trade positive on Tuesday to continue to hold.

11/16 Bought ANDE. It gapped up and formed a Morning Star signal. This can be bought again on positive trading on Tuesday. Use the T-line as your stop. 11/17 It consolidated a little bit but it wasn't unexpected after the big move on Monday. Continue to hold as long as it closes above the T-line. 11/18 It moved up nicely off the T-line on Wednesday. Continue to hold. Use the T-line as your stop. 11/19 It closed above the T-line. It needs to stay above the T-line to continue holding it. 11/20 It's working nicely. It formed a little Kicker type signal. It's still in a good, strong uptrend. 11/23 It's still moving in the right direction. It's almost getting to the point where it's filling the previous gap at the 34 day moving average. If it breaks through that level, it's going to the 50 day moving average. 11/24 It backed off to the T-line and bounced up from there. It needs to open and trade higher to stay in it. Otherwise, if it starts trading below the T-line on Wednesday, close out the position. 11/25 It opened lower and came back up. It needs one more day to come back up through the T-line. If it fails to come up through the T-line on Monday on a positive trade, close out the position. 11/30 It should have been closed out on Monday. It closed well below Friday's trading range.

11/23 Bought PODD on the positive trading on Monday. It had a Shooting Star type day so if it opens lower, use the T-line as your stop. If it opens higher, it can be bought immediately. 11/24 It's still moving up nicely. Continue to hold. 11/25 It came right back up to the T-line. It needs to open positive and trade positive to stay in it. 11/30 It closed right on the T-line. It needs to open positive to stay in the position. 12/1 It should have been closed out with it closing below the T-line on Tuesday. It formed two Bearish Engulfing signals close together with the stochastics heading down. It's no longer showing a good chart.

11/24 Bought CI on the positive trading on Tuesday. It opened lower but then came back up through Monday's high after the gap up and formed a little Scoop pattern. It's about ready to break out into new territory. 11/25 It tested the T-line and then closed at the high end of the trading range. Continue to hold. It can be bought on a positive open. 11/30 It formed a Bearish Engulfing signal but didn't close below the T-line. Continue to hold but if it closes below the T-line on Tuesday, close out the position. 12/1 It bounced right back up. It can still be bought on positive trading. Notice that the T-line is acting as support. 12/2 It's still moving up nicely. Continue to hold. 12/3 It should have been closed out on Thursday with the Evening Star signal closing below the T-line.

11/17 Bought MOD. This can be reiterated as a buy on Wednesday if breaks out from the Fry Pan Bottom pattern. If you bought it on Tuesday, continue to hold. 11/18 It's still forming a nice Fry Pan Bottom pattern. Be ready to buy this on a breakout situation. 11/19 It didn't close below the T-line but was soggy. If it trades back below the T-line on Friday, you will want to close it out. 11/20 It held up above the T-line. Continue to hold. 11/23 It's still moving in the right direction. If it opens positive on Tuesday, it can be bought. A breakout through the recent high levels could result in a big, strong move. 11/24 Even though it backed off, it stayed above the T-line. It needs to open higher and trade higher on Wednesday to stay in it. 11/25 It opened much lower but came back up. It hit the T-line and then pulled back so it needs to open higher and trade higher on Monday to continue to hold. If it opens below where it closed on Friday, close out the position. 11/30 It formed a Hammer type signal. Continue to hold but it needs to move up through the T-line pretty quickly. 12/1 Be ready to buy this if it comes back up through the T-line on Wednesday. It's showing a nice Cup and Handle formation. 12/2 It's still forming a nice Cup and Handle pattern. Continue to buy this one. 12/3 It closed back below the T-line on a Bearish Engulfing signal and should have been closed out on Thursday. If you still own it, it needs to open higher and trade higher to stay in it.

11/20 SLXP was not bought on Friday but it's still coming up out of the Fry Pan Bottom type pattern. We would still be a buyer if it comes up through the $24 level. That would mean it's breaking out into new territory.

11/20 Shorted DSX on Friday with it trading down, but it should have been closed out as it came up through the halfway point of Thursday's bearish candle.

11/16 Bought IOC on the positive trading. It had a Doji type day. It can be bought aggressively on a positive open on Tuesday. Use the T-line as your stop. 11/17 It consolidated on Tuesday. It can be bought on a positive open on Wednesday. 11/18 It held up well. Continue to hold as long as it doesn't close below the T-line. 11/19 It came up above the T-line. It needs to stay above the T-line to continue holding it. 11/20 It should have been closed out. However, it formed a Hammer type signal which indicates it may be forming a Cup and Handle pattern. Keep an eye on it. If it closes above the T-line on Monday, you will probably want to start buying it again.

11/5 Bought PWE as it went positive on Thursday. It opened lower and came back up. That tells us there was some profit-taking this morning. This can still be bought on a positive open on Friday. 11/6 It consolidated but stayed above the T-line. Continue to hold. It definitely needs to open positive to stay in it on Monday. 11/9 Continue to hold. It's setting up for a J-Hook pattern. It can still be bought on a positive open on Tuesday. 11/10 It didn't do anything one way or the other. It's still in an uptrend. Use the T-line as your stop. 11/11 It needs to stay above the T-line to continue to hold. 11/12 It traded indecisively right on the T-line. It needs to open positive and trade positive to stay and it. If it opens lower, close it out immediately. 11/13 It held up above the T-line nicely. It's still in an uptrend. Use the T-line as your stop. 11/16 It's right at a breakout level. It can be bought on positive trading on Tuesday. 11/17 Be ready to buy this if it breaks out into new high territory. 11/18 It needs to break out from this level. Use the T-line as your stop. If it closes below the T-line at this point, it's forming a Double Top versus a breakout. 11/19 It closed just above the T-line. If you closed it out, that's fine. It can always be bought back on a positive open on Friday. 11/20 It should have been closed out as it closed below the T-line and below its little trend channel on Friday.

11/23 BC was not shorted. However, it failed one more time at the T-line so if it trades back below the $10.40 level, it can be shorted on weakness on Tuesday.

11/20 Shorted X on the weaker open on Friday. It came up and closed slightly positive. Give it one more day. If it opens positive on Monday, close out the position. 11/23 It should have been closed out immediately on the positive open on Monday.

11/23 JBL was not shorted.

11/24 CVI was not bought. It opened and immediately traded off but closed near the top end of the trading range. Be ready to buy this on a positive open on Wednesday, at anything above $7.75.

11/18 Bought TRW on the positive trading on Wednesday. It's forming a J-Hook type pattern. Continue to hold. Use the T-line has your stop. 11/19 It held up and stayed above the T-line. 11/20 It's still holding up above the T-line. Use the T-line as your stop. 11/23 It stayed above the T-line but needs to break out soon. If it doesn't break out on Tuesday, close out the position, especially if it trades below the T-line. Even if it moves sideways close out the position and put your buy stop at around $24. That would tell us the next wave is starting. 11/24 It should have been closed out on Tuesday as it closed below the T-line.

11/13 CVO was not bought. It opened positive but immediately started trading off. This is a scenario where, when you saw it open positive, you should have given it a few minutes to see which direction it was moving. If it started backing off, you should've waited to see whether any buying would come in before you bought the stock. This can still be bought if it moves up above Friday's open of $7.72.

11/6 Bought ISIS as it traded higher during the day but it closed lower. It can still be bought aggressively on a positive open. It's still forming a nice Scoop pattern. We don't want to see it close below the T-line. 11/9 This could have been bought on Monday. It can still be bought if it trades up through the 34 day moving average on Tuesday. 11/10 Use the T-line as your stop. 11/11 It traded up a little bit on Wednesday. It needs to break out from here. The Scoop pattern needs a nice shot in the arm to get moving. 11/12 It needed to show some strength but it didn't. If it opens lower on Friday and trades below the T-line, close out the position. 11/13 It should have been closed out. If you see it close below the T-line after 5 or 6 days of indecisive trading, close out the position. It didn't confirm.

11/11 Bought SVA as it gapped up a little bit on Wednesday on the open. It's breaking out through the recent high levels. It can still be bought on positive trading on Thursday. It's forming a nice Fry Pan Bottom pattern. 11/12 It can still be bought on a positive open on Friday. 11/13 It backed off, bounced off the T-line, and came back up. Continue to hold. Use the T-line as your stop. It's still in a Fry Pan Bottom pattern. 11/16 It opened much lower. It needs to open higher and trade higher to stay in it. If it opens lower on Tuesday, close out the position. 11/17 It should have been closed out on Tuesday as it closed below the T-line.

11/19 MI was not bought on Thursday because it opened lower and traded lower.

11/19 OSK was not bought on Thursday because it opened lower and traded lower.

11/19 GGC was not bought on Thursday only because we really didn't see any strength in the market. It came up a little bit but there was very light volume traded in this one on Thursday, so be careful.

11/18 Bought ORN on the positive trading. Be ready to buy this again if it opens positive on Thursday and starts moving up. 11/19 It should have been closed out because it closed below the T-line and formed an Evening Star signal.

11/17 Bought FFIV on Tuesday even though it traded down a little bit. It's still in a nice uptrend. Use the T-line as your stop. Anticipate positive trading from here. 11/18 It consolidated but didn't do anything devastating. It used the T-line as support. It can still be bought, especially if it opens positive on Wednesday. 11/19 It should have been closed out because it closed below the T-line.

11/16 Bought GRS on the positive trading. It can be bought aggressively on a positive open on Tuesday. 11/17 It moved up nicely on Tuesday. Continue to hold. Use the T-line as your stop. 11/18 It might be getting a little bit toppy. We don't want to see it trade at all below $10.50. It needs to close above the halfway point of Tuesday's bullish candle to stay in it. 11/19 It started out badly and probably should have been closed out, but it came right back up. If you closed this one out, that's fine. If you're still holding it, continue to hold.

11/13 Bought HSNI on the positive trading on Friday. Continue to hold. If it breaks out through the recent high levels, we expect it to move up to the $22 to $23 range. 11/16 Continue to hold. This is forming a Scoop pattern that is ready to break out. 11/17 It's still in a good uptrend. Continue to hold. This can be bought on strength. 11/18 It formed a Doji on Wednesday toward the overbought area. It needs to open positive on Thursday to stay in it. 11/19 It should have been closed out on Thursday as it closed more than halfway down Tuesday's bullish candle and formed an Evening Star signal. It would have been prudent to close it out. You can always buy it back if it starts trading positive from here.

11/12 Bought WCRX as it traded positive. It came back down but stayed above the T-line. Give it one more day. It needs to stay above the T-line. 11/13 It opened lower and traded lower but then came back up and closed right on the T-line. Give it one more day. It needs to open above the T-line and start trading higher on Monday to continue to hold. If it opens lower, you might want to get out of the position because it may be in a sideways channel. 11/16 Continue to hold. It should be moving higher. 11/17 This can be bought aggressively on a positive open. 11/18 It moved up nicely. It used the T-line as support and came back up. Be ready to buy this on a breakout. 11/19 It should have been closed out because it closed below the T-line. There was nothing to show that there was any great strength anymore.

11/10 Bought KFY on the positive trading on Tuesday. It closed at a new recent high coming out of the J-Hook pattern. Continue to hold. Use the T-line as your stop. 11/11 It consolidated on Wednesday but came right back up. It formed a Bearish Engulfing signal but the stochastics are still at mid-range. Continue to hold as long as it stays above the T-line. 11/12 It can be held as long as it stays up above the T-line. 11/13 It stayed above the T-line. It's forming a little Cup and Handle type set-up. Continue to hold. 11/16 It's still in an uptrend. This can be bought on a positive open. 11/17 It's still in a nice steady uptrend. Continue to hold. 11/18 It needs to have a positive trading day on Thursday. We don't want to see it close below the T-line. 11/19 It should have been closed out immediately after trading lower after the Bearish Engulfing signal of Wednesday.

11/10 Bought DRQ on the positive trading. Continue to hold and use the T-line as your stop. 11/11 It backed off and formed a Bearish Engulfing signal but the stochastics are not all the way up into the overbought area. Watch to see if it opens positive and trades positive on Thursday. Use the T-line as your stop. 11/12 It had an indecisive trading day. It needs to stay above the T-line on Friday. 11/13 It stayed above the T-line. Continue to hold. Use the T-line as your stop. 11/16 It used the T-line as support. It can be bought on positive trading. 11/17 It's still in a nice uptrend. Be ready to buy this on a positive breakout. 11/18 It needs to have positive trading and break out through the recent high levels in the next day or so. We don't want to see it close below the T-line. 11/19 It should have been closed out as it gapped down below the T-line on Thursday.

11/9 Bought NVDA. Continue to hold. 11/10 It pulled back on Tuesday but give it one more day to see if this was just profit-taking. It has had a strong move so far. It needs to stay above the T-line. 11/11 It came up nicely. Continue to hold. If it opens positive, you will want to be a buyer. The gap up through the T-line was a very strong indication. 11/12 It's still in a nice steady uptrend. Continue to hold. 11/13 It's still in a slow uptrend. Continue to hold. Use the T-line as your stop. 11/16 It's still in a nice, slow, steady uptrend. Watch to see what it does when it gets to the 50 day moving average. More than likely it will then pull back to the T-line and then break through the 50 day moving average the second time. 11/17 It needs to get up through the 50 day moving average fairly quickly. Use the T-line as your stop. 11/18 It stayed up above the T-line. It looks like it's compressing between the 50 day moving average and the T-line before it can break out. 11/19 It should have been closed out as it gapped down below the T-line on Thursday.

11/5 Bought VRX on the positive trading on Thursday. Continue to hold. Look for a breakout into new high territory. 11/6 It's still moving up nicely. It's now into new breakout territory. Continue to hold. 11/9 It formed a Doji on Monday. It's getting up toward the overbought area. It definitely needs to have positive trading. There may be some consolidation going on while it's waiting for the T-line to catch up. Use the T-line as your stop. 11/10 It consolidated a little bit but it was nothing to show that any severe selling was coming in. Continue to hold but use a close below the halfway point of Friday's candle at around $32.20 as your stop. 11/11 It's still moving up nicely. Continue to hold. 11/12 It traded indecisively with a Hanging Man and Hammer signal. If it opens lower on Friday, close it out immediately. It needs to at least open flat and start trading higher. 11/13 It's still a nice, slow, steady uptrend. Continue to hold. 11/16 It's still moving up nicely. Continue to hold. 11/17 It's still in an uptrend. Continue to hold. 11/18 It consolidated right back to the T-line and came back up. Buy this aggressively on a positive open on Thursday. That would mean it is going much higher. 11/19 It should have been closed out on Thursday on the lower open after the Hanging Man signal of Wednesday. It can always be bought back if it starts showing positive trading.

11/4 Bought SPPI on the positive open on Wednesday. It pulled back right to the 20 day moving average. It's still in a Fry Pan Bottom set-up. If it opens higher on Thursday, especially if it gaps up, buy it aggressively. 11/5 This can still be bought on positive trading on Friday. It's still in a Fry Pan Bottom breakout pattern. It's above the 20 day moving average and the T-line with the stochastics still coming up. There's a good possibility it will fill the previous gap and come back up to the 50 day moving average. 11/6 It moved down a little bit but is still doing a rounding bottom action. Continue to hold as long as it stays above the T-line. 11/9 It can still be bought. It's still forming a Fry Pan Bottom type pattern. Use the T-line as your stop. 11/10 It gapped up on Tuesday. Buy it aggressively if it gaps up again on Wednesday. 11/11 It closed right at the 34 day moving average. If it opens positive on Thursday, you will want to be buying it aggressively. 11/12 Profit-taking occurred. It didn't close below the T-line but it definitely needs to open higher and trade higher to stay in it. 11/13 It closed right near the T-line. Give it one more day. It needs to open higher and trade higher to stay in it. 11/16 It had a Doji day on Monday. It needs to open positive and trade positive to form a Cup and Handle pattern. 11/17 We've reiterated this as a buy on a positive open on Wednesday. 11/18 It can be bought on positive trading on Thursday. This is still forming a nice looking Cup and Handle chart pattern. 11/19 It should have been closed out as it closed below the T-line.

11/4 Bought AMT as it went positive on Wednesday. It's closed slightly lower than Tuesday's close. However, it's still an uptrend. If it opens positive on Thursday, it can still be bought. We don't want to see it close back below Wednesday's low. It would then be below the T-line and the Bears would be in control. 11/5 It came up nicely on Thursday. Continue to hold. It has been moving up nicely ever since the Morning Star/Bullish Engulfing signal. 11/6 It stayed above the T-line. Continue to hold. 11/9 It can still be bought. It's forming a J-Hook type pattern and has now gapped up off the buy signal area. Look for it to break out through the recent high levels. 11/10 It consolidated but didn't do anything to show that there was any selling pressure. Continue to hold. Use the T-line as your stop. 11/11 It's still moving up nicely. If it breaks out through the recent high levels, look for it to move up another 4 or 5 points. 11/12 It formed a Doji and a Bearish Engulfing signal. If it trades below the T-line at all on Friday, close out the position. 11/13 It stayed up above the T-line. Continue to hold. 11/16 It's right at a breakout level. It can be bought aggressively on a positive open. 11/17 It's moving into new territory very nicely. Continue to hold. 11/18 It didn't do much of anything on Wednesday. It's still in an uptrend. Use the T-line as your stop. 11/19 It should have been closed out after trading lower on Thursday. It didn't close below the T-line, so if you kept it you can still hold it as long as it doesn't close below the T-line.

11/2 Bought PRGO on the positive trading on Monday. Even though it backed off, it's still forming a good J-Hook type pattern. We would be buying it aggressively if it comes back up through Monday's high at around the $39 level. That would tell us that a J-Hook pattern breakout was in progress. 11/3 It came back, consolidated right near the T-line, and came back up again. This can be bought aggressively on a positive open. 11/4 It's getting a little bit "junky" but it's staying above the T-line. Give it one more day. It needs to trade positive. If it closes below the T-line, close out the position. 11/5 It's still forming a Fry Pan Bottom/J-Hook type pattern. Look for it to break out into new territory. 11/6 This has been reiterated as a buy. Also, take a look at some of the calls. Look at the November 40-45 spread. 11/9 It was reiterated as a buy on Friday. It has now broken out through the recent high levels. Continue to buy. This one could move up into the $45-$50 area pretty quickly. 11/10 It's still in a slow steady uptrend. Continue to hold. 11/11 It broke out nicely on Wednesday. It didn't trade very much but stayed above the breakout level. Continue to hold and use the T-line as your stop. 11/12 It's still in a slow steady uptrend. Continue to hold. 11/13 It's still moving up nicely. Continue to hold. 11/16 It moved up a little bit but is getting a little bit toppy. Use the T-line as your stop. 11/17 It consolidated but closed above the T-line. Continue to hold. If it opens lower, especially below Tuesday's open, you will want to be out of it. Use $39.38 as your stop. 11/18 It's trading indecisively. This analysis is very simple. It needs to open positive on Thursday to stay in it. If it opens lower, the position should be closed immediately. 11/19 It should have been closed out with it opening lower after the Doji type day right on the T-line.

11/6 HURN was not bought on Friday because it didn't come up into any area that would show as the Bulls are still there. Profit-taking was occurring. However, if it comes up through the $26 range on Monday, you will want to be a buyer. That would tell us the profit-taking is over.

11/9 ELN was not bought.

11/10 FST was not bought. It opened lower and came back up to the breakeven level on Tuesday right at the close. It can still be bought, especially on a positive open on Wednesday.

11/3 Bought APT on the positive trading. It held up well on Tuesday. This can still be bought on positive trading on Wednesday. Use the T-line as your stop. 11/4 It moved up slightly. Continue to hold. Use the T-line as your stop. 11/5 It backed off but still didn't do anything that created a sell signal. It can be bought aggressively if it gaps up and moves higher on Friday. It's coming up from a Doji/gap up from the T-line. That upward force should still be in progress. 11/6 It barely stayed above the T-line. It needs to open positive and trade positive on Monday to stay in it. 11/9 It's running out of steam. It needs to have a strong day on Tuesday or it's time to close out the position. 11/10 It should have been closed out on Tuesday as it closed below the T-line.

11/12 GERN was not bought but it can still be bought if it comes back up through the $6.00 level on Friday.

11/12 Bought PALM on the positive trading but it should have been closed out as it closed more than halfway down Wednesday's bullish candle and the T-line. If it opens positive and starts trading positive on Friday, you can buy it right back.

11/2 GERN was not bought on Monday. It didn't confirm by coming up through the T-line. It's still in a downtrend.

11/3 VPRT was not bought, but it came right back up after trading lower. It closed at about the same level as Monday's close. If it opens positive, this can be bought immediately.

11/5 PCS was not bought. This is a situation where you would not have wanted to buy it immediately on the open. It opened and started trading off, which told us we didn't want to start buying it until we saw the buyers stepping back in, which never happened.


 

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