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Steve's Trading Diary - February 2010


2/19 Bought MTX on the positive trading on Friday. Notice how it used the 20 day moving average as support. This can be bought aggressively on a positive open on Monday. That would probably mean it would have another big day to the upside. Right now use the T-line as your stop. 2/22 It continued to move up, although not very much. This is the type of set-up where it could have a big pop to the upside fairly soon after consolidating for a couple of days. 2/23 It held up reasonably well until the very end of the day. If you didn't close it out, it needs to open positive and trade positive immediately on Wednesday to stay in it. 2/24 It held at the T-line and came back up nicely. It can still be bought aggressively if it trades positive on Thursday. 2/25 It opened lower but came right back up again. This can still be bought on positive trading on Friday. 2/26 It used the T-line support. Continue to hold. If it opens positive, you'll probably want to be buying it aggressively. Use the T-line as your stop. 3/1 It continued higher. Look for it to move up to the 50 day moving average. 3/2 One third of the position should have been sold when it hit the 50 day moving average. Use the halfway point of Tuesday's candle as your stop. It shouldn't come back down through there. If it does, it's telling us the 50 day moving average is acting as resistance and we should close out the remaining part of the position. 3/3 It came up through the 50 day moving average. It's still forming a Rounded Bottom pattern. Continue to hold until you see a sell signal. 3/4 It's still consistently moving up. Stay long. At this point use any trading below Thursday's low of $51.85 as your stop. It shouldn't come back down through that level. 3/5 It continued higher. Continue to hold. We're still anticipating a test of the previous high levels. It's in the overbought area so use any trading below Friday's low of $52.35 as your stop. 3/8 It might be getting a little bit toppy. We wouldn't want to see it open below Friday's open at the $52.60 level. Use that level as your stop. 3/9 It consolidated a little bit on Tuesday. It formed a Shooting Star/Doji on Monday but Tuesday's trading didn't show any significant selling. We may see some more sideways trading until the T-line catches up. At this point use Tuesday's low of $52.70 as your stop. If it comes back down through there, it tells us it could come down hard to test the T-line versus moving sideways. 3/10 It consolidated but did it indecisively. Use any trading below Wednesday's low of $52.40 as your stop. It should trade sideways and eventually curl back up. 3/11 It came down to the T-line and came back up. It needs to open positive to stay in it. If it opens lower and trades down, close out the position. 3/12 It formed a nice J-Hook pattern. It can be bought on any positive trading on Monday coming out of the J-Hook pattern. 3/15 It's still holding up above the T-line. It's barely touching it and using it as support. This can be bought on any positive trading. 3/16 It's still moving up nicely. Continue to hold. 3/17 It popped up after coming down and hitting the T-line. Continue to hold. It's probably starting wave three. 3/18 It's getting a little bit toppy. Use the T-line as your stop. 3/26 It should have been closed out as it closed below the T-line last Thursday.

2/24 Bought ZLC on Wednesday on the gap up open. Buy this on a positive open again on Thursday. 2/25 It gapped down after the Doji that had gapped up the previous day. It's not anywhere near the overbought area so give it another day. If it stays above the 50 day moving average, it can still be bought. 2/26 It stayed above the T-line but closed below the 50 day moving average. It needs to open positive and trade positive to stay in it on Monday. 3/1 It still stayed up above the T-line but it now needs to open positive and come back up above the 50 day moving average to stay in it. 3/2 It formed a Hammer and stayed above the T-line. If it trades positive, you will want to be buying it aggressively. It will be forming a J-Hook pattern. We don't want to see it close back below the T-line. 3/3 It came up nicely on Wednesday and stayed up above the T-line. We're reiterating this as a buy on a positive open on Thursday. 3/4 It started the day higher but stayed above the T-line on Thursday. We're still looking for strong move to break this out to the upside. 3/5 It was reiterated as a buy and can still be bought on a positive open coming out of the J-Hook pattern. The next target is the 200 day moving average. 3/8 It consolidated a little bit. We'd like to see it open positive. If it comes up through the $2.90 level, it can be bought aggressively. That would tell us the Bulls are definitely in control. 3/9 It can still be bought on a positive open. If it breaks out through the recent high levels, the next target should be at the 200 day moving average. Use the T-line as your stop. 3/10 It moved up nicely and gapped up through the recent high levels. We're seeing a nice chart pattern setting up. We're still targeting the 200 day moving average. 3/11 It consolidated and formed a Bearish Harami. It's getting near the overbought area. It needs to open and trade higher to stay in it. If it opens and trades lower, it needs to stay above the T-line. It's now close enough to the T-line where it could come down, bounce off the T-line, and come back up. If it closes below the T-line, you will want to come out of the position. 3/12 It's doing somewhat of a Pennant formation. If it opens positive on Monday, it's still a buy and would be heading for the 200 day moving average. We don't want to see this trade at all back below the T-line. 3/15 It needs to stay above the T-line to keep holding it. 3/16 It had a strong percentage move up on Tuesday. It's heading toward the 200 day moving average. 3/17 It's still in a nice, steady uptrend. Continue to hold until you see a definite sell signal. 3/18 It traded indecisively. It might be moving sideways or slightly lower until the T-line catches up. 3/26 It closed just below the T-line with an indecisive signal. It needs to open higher and trade higher to stay in it. If it opens lower on Monday, close out the position. 3/29 It should have been closed out on Monday as it traded back below the T-line after Friday's Spinning Top.

2/8 Bought BEBE on Monday as it traded above the Friday's Doji. That told us that the profit-taking from Friday was over. Continue to buy this. Use the 200 day moving average as your stop. 2/9 Continue to buy this one after the gap up. It's still running strong. 2/10 It continued to move up higher. Continue to hold. 2/11 It continues to move higher. At this point we don't want to see it trade back below Thursday's open of $7.45. 2/12 It continues to move higher. It got a little bit scary on Friday but immediately started moving right back up. Continue to hold. 2/16 It broke out to the upside in the overbought area. Start using your logical spots for taking profits. If it opens higher, we don't want to see it come back down through the previous day's close. If it opens lower, take some profits from at least half your position. We've already had a strong move in this one. 2/17 It formed a Doji in the overbought area. If you didn't take profits at this level, definitely use any trading back below Wednesday's low of $8.21 as your stop. Notice the distance away from the T-line. It could move sideways or backwards down toward the T-line if it opens weaker. It needs to open positive and trade positive to stay in this long position. 2/19 It's getting toppy. If it opens lower, especially if it comes down through Thursday's low, close out the position. It has formed three Doji signals. It needs to open positive and trade positive to stay in the position. 2/22 It formed a Bearish Engulfing signal and an Inverted Cradle pattern. The only way to stay in this one is for it to open positive and trade positive. If it opens lower, close out the position immediately. 2/23 It hasn't confirmed yet. It didn't close below the T-line. Continue to hold but it needs to open positive and trade positive on Wednesday to stay in it. 2/24 It's still above the T-line. It could form a J-Hook type pattern. 2/25 It closed just barely above the T-line but it can be bought if it opens positive on Friday. 2/26 It moved up nicely. We are reiterating this as another buy on a positive open on Monday. That would tell us the J-Hook pattern is now breaking out. 3/1 It can be bought aggressively if it opens positive on Tuesday after Monday's Doji. Notice that it's not quite in the overbought area. It should still be in an uptrend. 3/2 It opened on the T-line and came back up. It's still in a bullish mode. It's staying above the T-line. Continue to buy this if it opens positive on Wednesday. 3/3 It still traded up. It's trying to break out of the congestion area. If it does, it should have a good run up to the $10 area. 3/4 It's still moving up. It can still be bought on any positive trading after Thursday's Doji. 3/5 It moved up nicely. Continue to hold and use the T-line as your stop. 3/8 It formed a Doji on Monday in the overbought area. It needs to have a positive open. Use the T-line as your stop. 3/9 It had a scary day where it gapped down but because of the benefits of candlestick signals we saw that once it opened, it moved up and started forming a green candle. It should be bought aggressively on a positive open on Wednesday after Tuesday's Belt Hold type signal. 3/10 It's still moving up nicely after Tuesday's Belt Hold signal. If it opens positive on Wednesday, you will want to be a buyer. 3/11 It's still moving up steadily. Continue to hold. 3/12 It's still in an uptrend. Continue to hold. At this point use Friday's low of $8.94 as your stop. If it comes down to that level, it tells us the profit-taking has started. 3/15 It's still in a nice, steady uptrend. Continue to hold. 3/16 It's still in an uptrend. Continue to hold. The last Belt Hold signal gave it more strength. 3/17 It formed a Shooting Star signal after a Doji. If it opens lower on Thursday, take profits and watch to see what it does when it hits the T-line. 3/18 It opened lower and came right back up again. It's using the T-line as support. Continue to hold as long as it doesn't close below the T-line. 3/26 It's still staying above the T-line. Continue to hold. 3/29 It stayed above the T-line. Continue to hold. 3/30 It closed indecisively below the T-line. If it opens lower on Wednesday, close out the position. It needs to open higher and trade higher to stay in it. 3/31 It should have been closed out immediately on Wednesday as it opened lower and started trading down. It needed to open higher and trade higher to stay in it.

2/25 Bought APL. It traded down most of the day but came back up at the end of the day and traded positive. This can still be bought on any positive trading on Friday. 2/26 It traded higher. However, it formed a Shooting Star signal in the overbought condition. If it opens lower on Monday, close out the position immediately. At that point it would probably come back and test the T-line. 3/1 It had another Shooting Star type day. It needed to open higher and trade higher, which it did, but another Shooting Star signal means that if it opens lower at all on Tuesday, the position should be closed out. It still needs to open positive and trade positive to stay in it. 3/2 It's getting a little bit toppy. Continue to hold but if it trades back below Tuesday's low of $13.02, close out the position. 3/3 It's probably moving sideways and waiting for the T-line to catch up. Use the T-line as your stop. 3/4 It moved up nicely after moving sideways until it got to the T-line. Continue to hold. Still use the T-line as your stop. 3/5 It didn't do anything other than show a little profit-taking after Thursday's strong move. Continue to hold. At this point use any trading below Friday's low of $13.96 as your stop. 3/8 It continues to move in an upward direction. It formed somewhat of a Hanging Man signal on Monday so it might be getting a little bit toppy. At this point we don't want to see it trade back below Monday's low of $14.08. 3/9 It needs to trade flat or positive on Wednesday. If it opens weaker, you might want to take profits just in case it comes back to the T-line and doesn't hold. 3/10 It's moving sideways. Continue to hold as long as it stays above the T-line. If it trades below the T-line, it would tell us the sellers are now taking control. It formed a Doji at the end of a flat trading area. It will probably move in the direction of how it opens on Thursday after the Doji. 3/11 It stayed above the T-line and formed a little Morning Star signal. It's at a resistance level. If it opens positive, it can be bought on a day trade basis. 3/12 It's still staying above the T-line. Continue to hold as long as it doesn't close below the T-line. 3/15 it's still in an uptrend. Continue to hold. We don't want to see it close below the T-line. 3/16 It's getting boring and it needs to pop from here but don't keep holding it if it closes below the T-line. 3/17 It needs to trade positive on Thursday after hitting the T-line on Wednesday. It's starting to slow down a little bit at this level. If it starts trading below the T-line, you will want to close out the position. 3/18 It should have been closed out on Thursday with it closing below the T-line. It can also be shorted if it opens weaker on Friday.

2/26 EXM was not bought. It opened lower on Friday and stayed down most of the day, but it closed above where it opened. If it comes back up through the $6.00 level on Monday, you will want to be a buyer. It would still be confirming the previous gap up from the Doji.

2/26 NZ was not shorted. It didn't confirm on the short side but it came up and came right back down. If it trades below $9.00, it can still be shorted.

2/22 Bought AGP on the positive trading on Monday. Even with the market trading flat this stock started trading positive immediately after the recent Kicker signal. Continue to hold with the anticipation that it will test the recent high levels and possibly go higher. 2/23 It pulled back slightly but didn't do anything to indicate a change in investor sentiment. Continue to hold. We need to see it move up above Monday's high in the next day or so but it's still coming up off the previous Kicker signal. 2/24 It consolidated again but indecisively. We're still looking for this to pop to the upside. We wouldn't be afraid to buy aggressively if it came up through the $28 level. 2/25 It closed just above the T-line. It needs to open positive and trade positive on Friday to stay in it. 2/26 It should have been closed out on Friday as it closed below the T-line.

2/26 Shorted AVAV on the weakness. It can still be shorted if it trades at all back below $24 on Monday. We wouldn't want to see it trade back up above Friday's high of $24.59. It needs to open weaker and trade lower to stay in it. 3/1 It should have been covered on Monday as it traded positive above Monday's close. This one is now closed out.

2/23 Shorted WDC. After the Evening Star signal it opened lower and traded lower all day. Continue to stay short with the possibility of the 200 day moving average being the next target. 2/24 Its still in a downtrend. Continue to stay short. We're still anticipating the 200 day moving average as being the next target in spite of the market moving up. At this point use the halfway point of Wednesday's bearish candle at around the $39.95 level as your stop. 2/25 It had a nice down-day but came back up and closed at the top end of the trading range. Be ready to cover this if it opens positive on Friday. 2/26 It didn't show any strength on Friday. Continue to stay short. At this point use any trading above Friday's high of $39.16 as your stop. 3/1 It should have been closed out early on Monday as it came up through the high of the previous day, which meant the Bulls were participating. Now you may want to watch this to see if it forms a Double Bottom. It can be bought on positive trading on Tuesday.

2/11 Bought TSTC. It moved up nicely. It didn't back off when the market backed off Thursday morning which indicated that it should have a nice day, which it did. It came up 11.5 percent. Continue to hold. We're expecting it to move up toward the $22 area. 2/12 It had another nice, strong day. Continue to hold. Obviously, the 50 day moving average is not acting as resistance. 2/16 It had a Doji type day. Tuesday's action may have been consolidation so we wouldn't be surprised to see another indecisive trading day before it continues its uptrend. 2/17 It formed a Doji followed by a Bullish Engulfing signal. That means this one has to open higher and trade higher to stay in it. It opens lower, especially if it comes down through the 50 day moving average, close out the position immediately. 2/18 It needed to open and trade positive, which it did. Continue to hold and use the 50 day moving average as your stop. 2/19 It came back, used the 50 day moving average as support, and started back up. Continue to hold and use the T-line as your stop. 2/22 It's still moving up nicely. The next target is the recent high levels. 2/23 It formed a Bearish Engulfing signal but supported at the same level as where it closed on Monday. The analysis is simple. If it trades back below Tuesday's low of $20.10, close out the position. 2/24 It backed off pretty hard on Wednesday. It closed below the T-line but give it one more day. It needs to open positive and trade positive to stay in it. 2/25 It still stayed up above the T-line and the 50 day moving average. Be ready to buy this on positive trading. 2/26 It's still moving up nicely. It can be bought aggressively on a positive open. 3/1 It should have been closed out on Monday on the Bearish Engulfing signal. It now may be considered as a short if it opens weaker on Tuesday.

2/23 Bought DEER. It opened a little bit lower but started moving up immediately and was still moving up in that first 20 minutes when the Dow was trading up 25 to 30 points, and it didn't pull back when the market reversed. This is a case where you can obviously see the relative strength since the stock remained strong when the market was going the other way. Continue to hold. At this point we don't want to see it close more than halfway down Tuesday's bullish candle. 2/24 It consolidated on Wednesday but didn't do anything to stop the uptrend. However, it needs to get through the 50 day moving average again on Thursday. This can still be bought if it comes up through the $11.20 level. 2/25 It came up nicely. It started off trading lower, but couldn't get below the previous day's low, and then came back up. Continue to hold. 2/26 It continued to move up nicely. Continue to hold and use Friday's open of $11.12 as your stop. It shouldn't come back down below that level. 3/1 It moved up nicely on Monday. Continue to hold until you see a sell signal. It gapped up and formed a Spinning Top but it's not in the overbought area yet. 3/2 A good place to put a stop was at Monday's low. If it came back down through there, it meant the Bears were in control. It should have been closed out on Tuesday with the Bearish Engulfing signal.

2/26 Bought BPZ on the positive trading on Friday's open. It pulled back, used the T-line as support, and came back up. This can still be bought on a positive open on Monday. We don't want to see it close back below the 50 day moving average at the $7.62 level. We'd like to see it open higher and trade higher, which would confirm the J-Hook pattern. 3/1 It's still moving up nicely coming out of a J-Hook pattern. Continue to hold. We're anticipating that it will move up to the $10 range. 3/2 It formed a Dark Cloud signal. It may be fizzling out. It needs to open positive and trade positive. If it opens lower and trades back below Monday's low, close out the position. It shouldn't be selling off here. 3/3 It did open higher but traded below the low of the previous day. It should have been closed out. It shouldn't have been trading down. It should have been trading positive to continue the uptrend.

2/9 Bought OSIS on the positive trading on Tuesday. It came up through the T-line. This can still be bought on a positive open on Wednesday, at anything above $27.30. Continue to use the T-line as your stop. Notice how it has broken out through the T-line and the downtrending channel. 2/10 It moved up nicely. It used the T-line as support and closed right near the 20 day moving average. It needs to break through that level to continue its run and move back up to the recent highs. Use a close below the T-line as your stop. 2/11 It moved up nicely. Continue to hold. Use the T-line as your stop. 2/12 It backed off but didn't form a sell signal. It traded just above the T-line. It has to open higher and trade higher to stay in it. 2/16 It opened positive and traded positive, which it needed to do to stay above the T-line. Buy this aggressively on a positive open on Wednesday. 2/17 It's still in a possible J-Hook pattern. It also needs to open positive on Thursday to stay in it. If it opens positive, you will probably want to be an aggressive buyer. 2/18 It acted well. It's forming a little J-Hook pattern. Be ready to buy this on a positive open. Use the T-line as your stop. 2/19 It's consolidating. It needs to open positive and trade positive on Monday. If it comes down through the T-line, close out the position. 2/22 It's still moving up nicely. Continue to hold. We definitely don't want to see it close below the T-line. 2/23 Continue to hold as long as it stays above the T-line. It's not doing anything wonderful but it didn't close below the T-line. 2/24 It's still above the T-line. Continue to hold. We're looking for a good strong breakout to the upside. 2/25 Whether or not you got stopped out early in the morning, this would be a situation where you would buy it back at the end of the day when it formed a Bullish Engulfing signal following a Doji. 2/26 It came up nicely. If it opens positive on Monday, it can be bought immediately. It would probably be moving up to test the recent highs. 3/1 It's getting a little bit weak but it's still an uptrend. Use Friday's low as your stop at around the $30.40 level. 3/2 It traded weaker on Tuesday after some previous Doji signals at the top. Half of the position should have been closed out. If it opens lower on Wednesday, close out the other half. It needs to open higher and trade higher to stay in it. 3/3 It's still pulling back but formed a Doji on Wednesday. If you closed it out, that's fine. Just be ready to buy it on a positive open on Thursday.

2/5 Bought SOMX on the positive trading on Friday. It can be bought again on positive trading on Monday. It's forming a nice little J-Hook pattern. It could possibly come back up and test the recent highs. Continue to hold and use the T-line has your stop. 2/8 It formed a Bearish Engulfing signal but it's not quiet into the overbought area. Give it one more day. It needs to close positive on Tuesday. If it closes lower on Tuesday, especially below the T-line, close out the position. 2/9 It came back up and traded higher on Tuesday. It needs to open higher on Wednesday to stay in it. We don't want to see it open lower, especially if it trades down through Tuesday's lows. 2/10 It's staying above the T-line. Get ready to buy this on any positive trading from here. 2/11 It bounced up off the T-line. It can still be bought on positive treading on Friday. 2/12 This can be bought aggressively on a positive open on Tuesday. 2/16 It stayed above the T-line but it needs to open positive and move up from the current area. If it closes below the T-line, it shows that the Bulls had plenty of time to come in and move it up but didn't. 2/17 It's testing our patience but it's still holding up above the T-line. Continue to hold. We need to see this one open positive in the next day or so. If it closes below the T-line, it would have been enough time for the Bulls to show that they are in the position, but aren't. Then it would be time to close out the position. 2/18 It stayed above the T-line but it definitely needs to have positive trading. If it trades at all below the T-line, close out the position. 2/19 It broke out nicely coming off the T-line. Continue to hold as long as it stays above the T-line. 2/22 It consolidated on Monday but didn't do anything to show a reversal. It's still not up into the overbought area. Continue to hold. At this point we don't want to see it close back below Monday's low of $3.07. That would tell us the Bears are in control. 2/23 It's still using the T-line as support. It came up nicely on Tuesday. Continue to hold and use the T-line as your stop. 2/24 It's still moving up nicely. It's getting a little bit toppy but stay in it as long as it stays above the T-line. At this point use any trading below Wednesday's low of $3.30 as your stop. It needs to keep trading above that level. 2/25 It's still moving up nicely. Continue to hold. 2/26 It's still moving up nicely. Continue to hold. At this point use any trading below $3.70 as your stop. It's in the overbought condition and we shouldn't see any trading back below that level to continue to hold. That would tell us the Bears are in control. 3/1 It's still moving higher. Continue to hold until you see a sell signal. Use Monday's open of $4.00 as your stop. 3/2 It moved up again nicely. We have a nice profit in this one. Continue to hold. At this point we don't want to see it trade back below Tuesday's low at the $4.40 level. 3/3 It should have been stopped out as it came down through Tuesday's low. It opened higher but came back down through Tuesday's low in the overbought area.

2/16 Bought IOC on the positive open on Tuesday. It hit the 50 day moving average and consolidated but still had a nice move to the upside. This can still be bought on any positive trading on Wednesday. We don't want to see it close below the T-line. 2/17 It consolidated a little bit more but only came back down to the 34 day and 20 day moving averages. It's not doing anything really decisive. Be a buyer on the next positive open. Still use the T-line as your stop. 2/18 It held up and stayed above the T-line. This can be bought aggressively on a positive open on Friday. 2/19 It has consolidated over the last few days. It's still above the T-line. It needs to open positive and trade positive on Monday to stay in it. 2/22 It should have been stopped out on Monday as it came down through the T-line. It needed to trade positive, but didn't. Now it can be shorted if it opens lower with the anticipation that it could hit the 200 day moving average.

2/10 Bought SPRD. It sold off initially but came back up after Tuesday's Belt Hold signal. This can still be bought if it breaks out through the downtrending channel. This one should have a good, strong run. 2/11 It moved up a little bit after the Belt Hold signal. Continue to hold. This can still be bought on a breakout from this level. 2/12 Continue to hold as long as it keeps closing above the T-line. 2/16 It continues to stay above the T-line after the Belt Hold type signal. Look for it to break out through the recent highs resulting in a good strong price move. 2/17 It's starting to run out of steam. The stochastics are starting to get up toward the overbought area. It needs to open positive and trade positive to stay in it. 2/18 It definitely needs to have a positive open. If it opens lower on Friday, close it out immediately. 2/19 It's staying above the T-line. We're still waiting for this to break out. Continue to hold and use a close below the T-line as your stop. 2/22 This should've been closed out with the close below the T-line. However, it formed a little Doji on Monday. If you still own it, it needs to open positive and trade positive to stay in it. If it opens lower, close it out right away.

2/23 APWR was not bought on Tuesday because it traded lower most of the day. However, it can still be bought if it comes up through the $14 area on Wednesday.

2/22 Bought LIZ as it traded positive on Monday but it came back down and closed at a lower level, forming a Shooting Star signal. Half of the position should have been taken off as it moved back down below Friday's close. We need to see it open positive on Tuesday for it to continue the uptrend. Supposedly their earnings come out Tuesday morning. 2/23 It should have been sold immediately Tuesday morning on the lower open because the stock was opening lower and it looked like the market was going to open lower. This should have been closed out but notice that it moved down and came right back up again. The Fry Pan Bottom pattern may still be affecting it. If it opens positive on Wednesday, you will want to be a buyer.

2/22 Bought HUN on the positive trading on Monday coming out of the Scoop type pattern. Continue to hold until you see a sell signal. 2/23 It should have been closed out on Tuesday as it closed more than halfway down Monday's bullish candle.

2/19 Bought SCHL on the positive trading as it came up through the previous day's close. Continue to hold. It's still doing nice wave three action. 2/22 It formed a Bearish Harami on Monday but it's still not in the overbought area. Give it a couple of more days. Use a close below the T-line as your stop. 2/23 It came back down through the T-line after the Bearish Harami confirmation. It should have been closed out.

2/18 Bought SNDK on Thursday as it came up through our buy stop near the end of the day. It's still in an Island Reversal pattern. This can still be bought on positive trading. Use the T-line as your stop. 2/19 It's still moving up nicely after the gap up. Continue to hold. 2/22 It pulled back a little bit but it's still in an uptrend after the Island Reversal. Use the T-line as your stop. 2/23 It should have been closed out. When it gapped down from the Spinning Top type signal, or especially when it closed below the T-line, it should have been closed immediately.

2/17 Bought GLBL on the positive open on Wednesday. It closed near the high end of the trading range. It's coming out of a Cradle formation. We expect to see it test the $8.00 range. 2/18 It continued to move up nicely after the Cradle pattern. Continue to hold. We don't want to see it trade at all back below Thursday's open of $7.02. 2/19 It consolidated on Friday. It didn't do anything to change the upward movement. We're looking for ot to break out above the 200 day moving average. Use the 50 day average and the T-line as your stop. 2/22 It may be running out of steam. Use $7.07 as your stop. If it comes back down through there, it tells us the Bears are in control. 2/23 It should have been closed out as it closed right at the T-line. If it opens positive and trades positive you can always buy it back.

2/16 Bought IDCC on the positive open on Tuesday. It consolidated back to the moving averages and came right back up again. Notice that it broke out from the downtrending channel and now it's above the 50 day moving average. This can still be bought with the expectation that it will break out through the recent highs. 2/17 It continued up above the 50 day moving average on Wednesday on a positive open. It used the 50 day moving average as support and closed near the high. It's still in a strong uptrend. 2/18 It moved up nicely. Continue to hold. Use any trading below Thursday's open of $26.05 as your stop. 2/19 It formed a Bearish Harami, which means we will want to come out of this position if it opens weaker on Monday. Definitely come out of it if it moves down through Thursday's open. 2/22 If you got stopped out on Monday, that's all right. You can always buy it back if it shows strength from here. If you held on to it, it needs to open positive and stay positive to continue to hold the position. Use Monday's low as your stop. If it comes back down through there, the Bears are in control. 2/23 It should have been closed as it came down below Monday's low. Since it closed below Monday's low after three weak days, the rationale is that the buyers are not around. Now watch to see what it does when it reaches the T-line.

2/12 Bought CPX as it came back up through our buy stop on Friday. It had a nice, strong day coming out of the Rounding Bottom pattern. It bounced off the 50 day moving average. Continue to hold as long as it stays above the T-line and you don't see a sell signal. 2/16 It continued to move up. If it breaks out through the recent high levels, continue to hold it because it will have a good strong steady run. Just be diligent to see what it does when it reaches the recent high levels. 2/17 It rested a little bit on Wednesday but it rested at about the same area where it did it before. Use any trading below Tuesday's low as your stop. We don't want to see it trade it all back down through that level. That would tell us there is some profit-taking going on. 2/18 It's getting a little bit toppy at this level. If it trades below Thursday's low of $14.75, close out the position immediately. It needs to open positive and trade positive to stay in it. 2/19 It's consolidating. It needs to open positive and trade positive to stay in it. If it opens lower, close out the position immediately. 2/22 It pulled back but came back up and closed near the high end of the trading range. The analysis is very simple. It needs to open positive on Tuesday to stay in it. If it opens lower, close out the position immediately. 2/23 It should have been closed out. With Monday's Doji it needed to open higher and trade higher on Tuesday, which it didn't.

2/12 Bought MNKD. It moved up nicely and bounced off the T-line one more time. Continue to hold as long as it stays above the T-line. Notice the little Scoop pattern setting up. 2/16 It consolidated a little bit on Tuesday but it was nothing that changed the upward direction. It did not form a sell signal, it was simply a down day in an uptrend. 2/17 It continued its upward trend. Continue to hold and use the T-line as your stop. Notice the Scoop pattern. 2/18 It consolidated but came back up to the top end of the trading range. If it trades at all back below Thursday's low of $9.88, close out the position. 2/19 It's getting a little bit toppy. We don't want to see it trade back below the $9.99. If it does, close out the position. 2/22 It's getting a little bit toppy. It needs to have a pop to the upside to stay in it. Use the T-line as your stop. 2/23 It should have been closed out on Tuesday as it gapped down and then closed below the T-line.

2/11 Bought TSRA as it traded positive. It opened lower but came back up after Wednesday's gap up. Continue to hold. This could come back up above the 50 day moving average and fill a previous gap. 2/12 It moved up nicely. Continue to hold. This could have a good strong run back up to the 50 day moving average if it breaks out into the previous gap area. 2/16 It's still moving up steadily after the gap up through the T-line. Continue to hold. We want to see if it can move up into the previous gap area and hit the 50 day moving average or the 200 day moving average. 2/17 It formed a little Doji on Wednesday. It's moving toward the overbought area but it's not quite there. Still give it time. We don't want to see it close below the open of Tuesday, which would also coincide with the T-line. 2/18 It moved up nicely. It used the T-line as a support area. It's now at the 34 day moving average with the stochastics climbing up into the overbought area. It still has the possibility of moving up toward the 50 day moving average. Use the T-line as your stop on Friday if the market gets weak. 2/19 It needs to get through the 34 day moving average. Use Friday's low of $19.15 as your stop. If it comes down through that level, it needs to be closed out. 2/22 It seems to be failing at the 34 day moving average. If it opens lower on Tuesday, close out the position. It's forming an Evening Star type signal with the stochastics in the overbought area. Then watch to see what it does if it comes back to the T-line. 2/23 It should have been closed out as it closed below the T-line.

2/10 Bought PVTB as it came up through the T-line late Wednesday afternoon. It formed a Hammer signal which is still keeping the J-Hook pattern in progress. Continue to hold. We don't want to see it close back below the T-line. 2/11 It consolidated a little bit but is still trying to form a J-Hook pattern. Continue to hold. We don't want to see it close below the T-line. 2/12 It came up nicely. It can still be bought on a positive open on Tuesday. 2/16 It's still holding up above the T-line. This can still be bought on positive trading with the anticipation that it will have a strong move up to the 200 day moving average. 2/17 It's still trying to get going. If you see a positive day, be ready to buy this. If it forms a nice J-Hook pattern, we'll make a good three to four points on the trade. 2/18 It traded indecisively just below the T-line but it's close enough to say that it's not out of the range to keep holding it yet. This definitely needs to open positive and trade positive. If it opens lower, close out the position. 2/19 It's had enough time to break out to the upside. It needs to do that on Monday. If it doesn't, close out the position and wait for the next breakout. 2/22 It can be bought on the positive open. Use the T-line as your stop. 2/23 It traded positive on Monday and needed to open positive and trade positive on Tuesday, which it didn't. It came back below the T-line. It should have been stopped out, mainly because it has gotten boring. We can always buy it if we see it break out to the upside.

2/8 Bought MIC as it traded positive on Monday. It traded back up above the T-line. Continue to hold as long as it stays above the T-line. We don't want to see it close below the T-line. At that point it would be trading flat. 2/9 It's still holding its own. Continue to hold this as long as it stays above the T-line. 2/10 It's still maintaining its strength by staying above the T-line, but it needs to have a pop to the upside pretty quickly. If we see it close back below the T-line, it tells us the sideways motion of this trade is more predominant and we should get out of the position and move our money somewhere else. 2/11 It's just hanging on above the T-line and forming Doji signals. The stochastics are still heading up. We'd like to see a breakout to the upside. If it closes below the T-line, close out the position. 2/12 It traded bullish off the T-line on Friday. It can be bought aggressively on a positive open. Continue to use the T-line as your stop. 2/16 It can be bought on a positive open. It had another good price move coming out of the Fry Pan Bottom consolidation area. 2/17 It's still setting up very nicely for a Fry Pan Bottom breakout. Continue to hold. 2/18 It still moved up. It's getting a little bit indecisive now with the stochastics starting to roll over. It needs to trade positive. If it starts sagging, it will come back to test the T-line. If you see any weakness on Friday, close out the position. 2/19 It needs to have positive trading. If it opens weaker on Monday, close it out. That tells us it is forming a Double Top or a Cup and Handle type formation. 2/22 It's holding up above the T-line. We'd like to see it break out to the upside. We don't want to see it close below the T-line. 2/23 After the Doji it closed back down through the T-line. It should have been closed out.

2/24 EBIX was not shorted. It opened higher and traded higher. It can still be shorted if it comes back down through Wednesday's low at the $14.80 level.

2/24 KLAC was not shorted. It opened higher and traded higher. It can still be shorted if it comes back down through Tuesday's low at the $20.80 level. It could still be setting up an Inverted J-Hook pattern.

2/23 Shorted IOC as it opened lower on Tuesday and started trading down. Even though it closed up near the high end of the trading range, continue to stay short. At this point we don't want to see it trade positive on Wednesday. It needs to open lower and start trading lower immediately. 2/24 It should have been covered as it opened positive on Wednesday. It didn't show any strength so it can be re-shorted if it comes back down through Wednesday's low at the $61.50 level. If it comes back down through there, it's still in a downtrend and is heading for the 200 day moving average.

2/17 Bought NANO on the positive open on Wednesday. It gapped open, almost touched the 50 day moving average, and came back down. It closed at the low end of the trading range but didn't do anything that changed the upward trajectory. If it opens positive on Thursday, you will definitely want to be a buyer again. We don't want to see it close back below the halfway point of Tuesday's bullish candle at the T-line area. 2/18 It traded lower in the morning but came up and traded positive by the end of the day. It bounced off the T-line. However, after hours they apparently announced their earnings and it's trading back below Thursday's open. If it opens lower on Friday, close out the position immediately. It needs to open relatively flat to stay in it. 2/19 This is a case where it gapped down on the open but immediately started coming back up and closed above the T-line. Continue to hold as long as it stays above the T-line. If it opens weaker on Monday, close out the position immediately. 2/22 It recovered nicely. It's still staying above the T-line. It can still be bought with the anticipation that it will move back up through the 50 day moving average. 2/23 It didn't do much of anything. It consolidated back to the T-line and came back up. It had a Doji day which makes the analysis very simple. If it moves positive on Wednesday, it can be bought or held. If it opens weaker, close out the position. 2/24 It should have been closed out on Wednesday because it had the opportunity to trade up, but didn't. It came back down and closed below the T-line instead.

2/25 PVTB was not bought on Thursday but it stayed in the same trading range. We're still looking for this to break out. If it breaks out through the recent highs at around the $13.30 area, buy it aggressively. That would be starting a J-Hook type pattern.

2/25 SAPE was not bought. It gapped down and came back up. It's forming a nice chart but it will have to be considered at a later time.

2/11 Shorted TYH0 on weakness. Notice how it came up and almost used the T-line as a resistance level before it traded back off. This can still be shorted, especially if it opens weaker on Friday. 2/12 It should have been closed out as it closed above the high of the previous Doji signal and above the T-line. It looks like it's now forming a base or a trend bottom.

2/9 Shorted EW. It remained weak even with the strength of the overall market. It can still be shorted. 2/10 It continued to move down. Continue to stay short until you see a buy signal. At this point we wouldn't want to see it close more than halfway up Tuesday's bearish candle. It's approaching the oversold area but isn't quite there yet. 2/11 It formed a Bullish Engulfing signal on Thursday. If it opens positive on Friday, close out the position. 2/12 It should have been closed out as it traded above the potential bullish candles of the previous days.

2/18 ICXT was not bought. It opened lower and traded back down to the T-line. However, keep an eye on it. If it comes back up through the $7.00 range, it tells us the Bulls are still in control and you would want to be buying.

2/16 Bought KSP on the positive trading but it pulled back. Continue to hold as long as it doesn't close below the T-line. 2/17 It consolidated a little bit on Wednesday but notice that it used the T-line as support and came back up. If it opens positive on Thursday, it will be an excellent buying opportunity. 2/18 It closed back below the T-line. It should have been closed out on Thursday.

2/5 Shorted SPR on Friday. It has now moved down to the 200 day moving average area. The stochastics are still heading down. Continue to stay short but if it opens positive and starts trading positive on Monday, with a Bullish Harami setting up, you will probably want to start taking profits. 2/8 It closed just below the 200 day moving average. It's still heading down. Continue to stay short but at this point use any trading above Monday's open as your stop. It shouldn't come up through the $17 level at all. 2/9 It should have been closed out on Tuesday with the strength of the market, plus the fact that it formed a Doji right on the 200 day moving average told us it was a good time to take profits.

2/5 Shorted MEE as it traded weak, but it came back up and closed positive. It formed a Hammer signal at about the same level where it bottomed out before. If it opens positive on Monday, close out the position immediately. 2/8 Continue to stay short. It has the possibility to move all the way down to the 200 day moving average. At this point we don't want to see any trading above Monday's high at the $40 area. 2/9 It should have been closed out on the open on Tuesday as it was gapping up close to Monday's open.

2/2 MOH was not bought. It actually opened on its high for the day and immediately started trading down. When you see that happen you just have to wait to see if the selling will stop and wait for buying to come back in. But in this case it didn't happen. It can still be bought if it comes back up through the $23 area.

2/1 Shorted SPRD as it opened weaker on Monday. Any time you see a long Hammer type signal like we saw on Friday, especially near the top of the trading range, it means the Bears are still in control if it opens lower the next day. This one can still be shorted if it opens lower again on Tuesday. 2/2 It should have been closed out on Tuesday as it opened slightly lower but then came up through Monday's high. That was an indication that the Bulls were starting to come back in after the long tailed candles to the downside from the previous days. At worst it should have been closed when it closed above the T-line.

2/1 Shorted NKTR on the weakness. It can still be shorted on any weakness on Tuesday. Use the T-line as your stop. 2/2 It should have been closed out when it came up through Monday's high. It needed to open lower and trade lower. As soon as it came back up and showed strength it was time to get out of the position. This can now be bought if it starts trading above the $12 area.

2/3 MNTA was not bought on Wednesday. Even though it came up through our buy stop area, the market was not acting very robust, especially on the open. However, if it comes back up through Wednesday's high of $15.30, it can be bought. That would tell us that the Bulls are breaking this out.

2/4 TSTC was not bought. It opened lower and traded lower. When you saw the premarket futures down as far as they were on Thursday, there was no necessity to jump into any stock positions.

2/4 MELI was not bought. It opened lower and traded lower. When you saw the premarket futures down as far as they were on Thursday, there was no necessity to jump into any stock positions.

2/4 SPRD was not bought. It opened lower and traded lower. When you saw the premarket futures down as far as they were on Thursday, there was no necessity to jump into any stock positions.

2/3 Bought STEC as it opened positive on Wednesday. It's coming up from the Bullish Harami through the 50 day moving average and the T-line. It closed at the lower end of the trading range and right on the T-line so we definitely need to see it trade positive. You may want to give it a little leeway and see if it will bounce off the 50 day moving average, but we definitely want to see it open at least flat and trade higher on Thursday. 2/4 With the premarket futures down as far as they were on Thursday and seeing this opening weaker after indecisive trading, it should have been closed out immediately. At worst it should have been closed out with it closing below the T-line and below the 50 day moving average.

2/3 Bought MMR on the positive trading. It's breaking out into new high territory. It can be bought again on a positive open on Thursday. That would be confirmation, especially after the Doji, that the Bulls were still there confirming the J-Hook pattern. 2/4 It should have been closed out immediately on the lower open after the Doji.  At worst it should have been closed out as it moved below the T-line, and it definitely should've been closed out by the end of the day.

2/2 Bought NEP on the positive trading on Tuesday. It opened positive and gapped up. It could have been bought immediately after bouncing off the 50 day moving average. Continue to hold and use the T-line as your stop. 2/3 It traded higher on Wednesday. Continue to hold. Even though it formed a Shooting Star signal it may only be consolidating. Use the T-line as your watch level. We'd definitely like to see it open higher and trade higher. It's in a very nice J-Hook pattern situation bouncing off the 50 day moving average. 2/4 With the Shooting Star signal and the gap down open, it should have been closed out. It probably should have been closed out on the open and definitely should have been closed by the end of the day.

2/1 Bought EK on Monday as it traded higher. It finished the day at the low end of the trading range but it's in a breakout mode which might have a lot more upside potential. It could definitely move to the $7.50 to $8.00 level in the short term. Continue to hold. Use Friday's open as your stop. If it comes down through that level, there is probably some profit-taking going on. 2/2 It moved up nicely on Tuesday. It had better than a 10% move. Continue to hold this until you see a sell signal. 2/3 It consolidated a little bit but didn't do anything that would tell us it's time to be out of the position. Hopefully it will move sideways while the T-line catches up. At this point we don't want to see it close below the halfway point of Tuesday's bullish candle at the $6.50 level, especially after a Doji type day. 2/4 A good spot to close this out would have been at Wednesday's low and it definitely should have been closed by the end of the day.


 

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