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Steve's Trading Diary - March 2010


3/15 Bought SWM on the positive trading on Monday. This one still has a good chart. If it has a good pop, it could move up to the 200 day moving average. If it breaks through that level, it could move all the way back up to the 50 day moving average. Continue to hold as long as it stays above the T-line. 3/16 It traded positive and could've been bought again on Tuesday. It's holding up well above the T-line. 3/17 It's still staying above the T-line. Continue to hold as long as it stays above the T-line. 3/18 It pulled back a little bit but still stayed above the T-line. It needs to have a pop to the upside for us to stay in it. 3/26 Continue to hold as long as it stays up above the T-line. 3/29 It needs to stay above the T-line. We'd like to see a breakout to the upside. Use the T-line as your stop. 3/30 It stayed above the T-line. Continue to hold as long as it stays above the T-line but it needs to break out to the upside very soon. 3/31 It's staying above the T-line. Continue to hold. We're looking for a breakout to the upside to move it to the 200 day moving average. 4/1 It's still working well. Continue to hold as long as it stays above the T-line. 4/5 It keeps moving up nicely. Look for a Fry Pan Bottom breakout. This could be a big moving stock. 4/6 It's still acting nicely coming up out of the Fry Pan Bottom pattern. Continue to hold and use the T-line as your stop. Look for a breakout. If this one breaks out through the moving averages, it should have a strong move back up into the $65 area. 4/7 It's still moving up nicely. Continue to hold. This one is still moving up nicely. 4/8 We're watching to see what it does when it gets to the moving averages. We're anticipating that it will break out. 4/14 It's still coming up out of the big Fry Pan Bottom. If it breaks through the 200 day moving average, look for it to move back up to $65 area to fill the previous gap. 4/15 It's now getting up above the 200 day moving average. If it starts breaking out through this level, it has a lot of running room. You might want to take a look at buying the May 60's and selling the May 65's. 4/16 It pulled back once it hit the 200 day moving average area. It pulled back almost to the 50 day moving average and closed right at the T-line. It makes the analysis very simple. It needs to open positive and trade positive on Monday to stay in it. 4/19 It's bobbing at this level but it's staying above the T-line. If it opens positive, continue to hold. If it opens negative, close out the position. It needs to break out through the 200 day moving average. If it does, it has a lot of upside potential. 4/20 It held up above the T-line. This can be bought, especially if it breaks through the 200 day moving average. 4/21 It's forming a Cup and Handle. If it trades positive on Thursday, be ready to buy it aggressively and you can probably utilize some options strategies. We've discussed some options strategies in the chat room. You may want to consider buying the 60's and selling the 65's for May. 4/22 Be ready to buy this on a positive open and possibly include some option trading. 4/26 It's still in an uptrend and staying above the T-line. If it breaks out above the 200 day moving average, start buying it aggressively. That could possibly pop it up to fill a previous gap. 4/27 It should have been closed out with it closing below the T-line. It showed us that it couldn't get up through the 200 day moving average.

 3/18 Bought PPO. It didn't do much but traded up a little bit. If it opens positive on Friday, you will want to be a buyer. Use the T-line as your stop. 3/26 If you still own this, it needs to open higher on Monday and stay positive. If it opens weaker and trades down, close out the position immediately. 3/29 It did open higher and trade higher on Monday. It can still be bought on positive trading. 3/30 It stayed up above the T-line. We're looking for this to break out through the recent high levels. If it does, it has the potential for a good strong run. 3/31 It's trying to push into new high territory but keeps getting knocked back down. Continue to hold. It needs to open higher, back up into Wednesday's upper shadow. If it opens lower and trades below the T-line, close it out immediately. 4/1 It acted well and finally broke out. It can still be bought aggressively on a positive open on Monday. 4/5 It formed a Doji on Monday. The analysis is very simple. If it opens higher on Tuesday, it can be bought immediately. It can be used as a good day trade. 4/6 It's getting a little bit toppy. It's doing a left/right combination. It needs to open higher and trade higher to stay in it. Use the $18.15 level as your stop. It shouldn't trade back below that level. 4/7 It needs to open higher and trade higher to stay in it. Any trading below Wednesday's low of $17.97 would warrant closing out the position. 4/8 It opened lower but immediately started trading up above the T-line. Continue to hold. If you closed this out on weakness on Thursday, it can be bought back on positive trading on Friday. 4/14 It could not close below the T-line. The previous Doji came all the way down to the 20 day moving average and came back up. This can be bought on positive trading on Thursday. 4/15 It's staying above the T-line. Notice the Morning Star signal. If it opens positive on Friday, you can be a buyer. 4/16 It should have been closed out as it traded below the T-line. Not only did it trade below the T-line, but you should also observe that it's trading sideways and not going anywhere at this point. This is not a stock that we want to keep holding. It had potential but now the potential is gone.

3/31 Bought AER as it traded positive on Wednesday. It closed even on the day so it needs to open positive and trade positive to stay in it. We don't want to see it trade back below Wednesday's low of $11.38. If it does, it will be waffling and will probably be coming back down to the T-line. 4/1 It had a nice day to the upside on Thursday breaking out of the J-Hook pattern. Continue to hold. 4/5 It's still coming out of the J-Hook pattern nicely. Continue to hold. It's a good distance away from the T-line now so watch for some profit-taking pretty soon. It shouldn't necessarily change the direction but may force the trend to move sideways until the T-line catches up. 4/6 It consolidated a little bit but didn't do anything to tell us a reversal has occurred. However, any trading back below the $12.70 level would warrant closing out the position. Then wait for the next buy signal. 4/7 It's still in a nice uptrend. It needed to open positive and trade positive, which it did. Continue to hold. 4/8 It pulled back a little bit. It might be moving sideways to wait for the T-line to catch up. Continue to hold as long as it doesn't close below the T-line. 4/14 It's still moving up nicely. Continue to hold. 4/15 It's still in a nice uptrend. Continue to hold. Use the T-line as your stop. 4/16 It needs to open higher and trade higher on Monday to stay in it. 4/19 It should have been closed out on the weaker open on Monday. Now consider it as a short position if it opens weaker on Tuesday.

3/3 Bought QCOM on the open. It traded up nicely but came back near the end of the day. However, it's still coming off the previous Kicker signal so give it some leeway and continue to hold. We're anticipating that this could move up to the 50 day moving average. 3/4 It moved up again coming off the Kicker signal. We're targeting the 50 day moving average. 3/5 There was profit-taking in this stock on Friday. It needs to open higher and trade higher to stay in it. If it opens lower, we're anticipating that it will come down and test the T-line and possibly go lower. If it opens lower, close out the position and wait for it to show some buying again. There's nothing wrong with coming out of the position on weakness and getting right back into it. It's still coming off the previous Kicker signal. 3/8 It formed a Doji on Monday. This told us the sell-off was indecisive. We're looking for a positive open on Tuesday. We definitely don't want to see it close below the T-line. 3/9 It's still consolidating indecisively. Be ready to buy this on the next pop up, especially if it gaps up in the next day or so. 3/10 It held up at the T-line. It can be bought on a positive open now that it has supported on the T-line. The next target is probably the 50 day moving average. 3/11 It stayed above the T-line. It can be bought on a positive open on Friday if you're not in this position yet. Then use the T-line as your stop. 3/12 It's staying above the T-line after the Kicker signal. Continue to hold as long as it doesn't close below the T-line. It needs to break out soon and push toward the 50 day moving average. 3/15 It stayed above the T-line. It needs to open higher and trade higher to stay in it. 3/16 It's still staying above the T-line. It needs to get moving pretty soon or it's going to become boring. 3/17 We'll give it one more day. If it doesn't pop to the upside, close out the position and then put a buy stop at around the $39.60 level. If it pops up through that level, you will want to be in it. Otherwise, it may just be moving sideways for awhile. 3/18 It needed to break out soon or else we would have closed the position, and it did. It moved up. Now look for it to move up to the 50 day moving average. 3/26 It gapped up and almost touched the 200 day moving average. It traded lower on Friday. If it opens lower on Monday, you will want to take your profits. 3/29 It didn't do much of anything on Monday. Continue to hold but it needs to start trading higher in the next day or so. 3/30 It looks like the selling might be over. Be ready to buy this aggressively if it comes back up through $42.50. That means it should still be moving up. 3/31 It continued its slow, sideways uptrend. Continue to hold. It has the capability of popping nicely to the upside at any time. However, use the T-line as your stop. RIMM got slammed after hours so it might also pull down this stock. 4/1 It's forming somewhat of a Rounded Bottom pattern at this level. Use the T-line as your stop. We're looking for it to open positive and move up to the 200 day moving average fairly quickly. 4/5 It's still moving up and heading toward the 200 day moving average. Buy on a positive open on Tuesday after Monday's Doji type day. 4/6 It's staying above the T-line. Continue to hold. 4/7 It's still staying up above the T-line. Continue to hold. 4/8 It stayed above the T-line but it needs to do something significant pretty soon. It's getting boring and needs to have a big pop to the upside. We don't want to see it close below the T-line. 4/14 Be ready to buy this on positive trading. It should break through the 200 day moving average. 4/15 It stayed up above the T-line. It can still be bought, especially if it opens positive on Friday. Use a close below the T-line as your stop. 4/16 It's not going anywhere but it still held up. It formed another Doji. It needs to stay above the T-line to continue holding it. 4/19 It's still staying up above the T-ine. Continue to hold. Use the T-line as your stop. 4/20 It moved up nicely. If it moves up through the 200 day moving average, it will probably fill the previous gap. 4/21 It showed weakness on Wednesday. It should have been stopped out with the Bearish Engulfing signal closing below the T-line.

3/31 Bought XTXI as it came back up through Tuesday's high. Notice the downtrending channel has now been broken. This can be bought on the positive open on Thursday while using the T-line at around the $8.50 level as your stop. 4/1 Continue to hold. 4/5 It's still moving up nicely. It can be bought on a positive open on Tuesday. With the close near the high end of the trading range on Monday, any positive trading would tell us the Bulls are still in the position. 4/6 It's still moving up slowly. Continue to hold. 4/7 It consolidated a little bit. Use Wednesday's low of $9.00 as your stop. It shouldn't come back down through that level. 4/8 Continue to hold. This can be bought on a positive open. 4/14 It should have been closed on Tuesday as it closed below the T-line. Now that it's trading back up above the T-line, it can be bought on positive trading on Thursday.

3/30 Bought ENER as it came up through the T-line on Tuesday. It opened weaker and traded down, but then came up strong. This can still be bought on positive trading. Use the T-line as your stop. 3/31 It moved up nicely on Wednesday. Continue to hold and use the T-line as your stop. 4/1 It got soggy on Thursday. It needs to open higher and trade higher to stay in it. 4/5 It should have been closed out on Monday as it gapped down lower and couldn't get up above the T-line at all.

3/31 Shorted ODSY as it broke down through Tuesday's low. Continue to stay short with an anticipated target at the 50 day moving average. 4/1 It could have been shorted on weakness on Thursday and can still be shorted if it trades back below Thursday's low at the $18.03 level. 4/5 It didn't close above the T-line. At this point, if it trades anywhere above Monday's high of $18.53, you will want to close it out. It needs to open lower and trade lower to stay in it. 4/6 It should have been closed out as it came up through Monday's open, which was also at the T-line level.

3/30 Bought APL on the positive trading on Tuesday. It backed off but it didn't change the trajectory of the Scoop pattern. We don't want to see it trade back below Tuesday's low. It needs to open and trade higher to move up above the recent highs and break out into new high territory. 3/31 It backed off. It needed to open higher and trade higher to stay in it. The only reason we will stay in the position is because it's still above the T-line. However, it definitely needs to open higher and trade higher on Thursday for us to continue holding it. 4/1 It needs to close above the T-line for us to keep holding it.4/5 It consolidated but closed up above the T-line. This can still be bought, especially if it trades up above Monday's high of $14.30. However, we don't want to see it close below the T-line. 4/6 It stayed above the T-line but it needs to pop to the upside on Wednesday to stay in it. Close out the position on any trading back below the T-line on Wednesday. 4/7 Even though it closed below the T-line, it did it very indecisively. It needs to open positive and trade positive to stay in it. If it opens lower, close out the position. 4/8 This should have been closed out. However, it came back up so if it opens positive on Friday, it can be bought back.

3/29 Bought URBN on the positive trading but it closed lower. However, it closed slightly above the previous day's low. It needs to open higher and trade higher on Tuesday to stay in it. 3/30 It performed as expected. It opened lower and came right back up again. This can still be bought on positive trading on Wednesday. 3/31 It held up fairly well. If it opens positive on Thursday, you can still be a buyer with the anticipation that it's in wave three with a potential J-Hook pattern. 4/1 It came back and tested the T-line. It needs to open higher and trade higher to stay in it. Use the T-line as your stop. 4/5 It used the T-line as support and is still moving higher. Continue to hold. 4/6 Continue to hold. It's still in a nice, steady uptrend. 4/7 It stayed above the T-line. Use any trading below the T-line on Thursday at around the $38.10 level as your stop. 4/8 If you closed this out, that's all right. Be ready to buy it back on a positive open on Friday.

3/9 Bought ZUMZ as it traded positive on Tuesday. It's coming out of a Fry Pan Bottom pattern and a gap up. This should remain in a good steady uptrend from here. Continue to hold and use Tuesday's open as your stop. If it comes down through that level, it tells us the Bears have suddenly taken control again. 3/10 It continued its uptrend. Continue to hold. Coming out of the previous Fry Pan Bottom pattern, it's still moving up. We're anticipating that some profit-taking will come in soon. You may want to take some profits as well. Then look for a J-Hook pattern. 3/11 Apparently they announced a bad earnings report and this stock was trading down after hours, so once it opens it needs to move up immediately. If it doesn't, close out the position. 3/12 After the Shooting Star day on Thursday, it gapped down but almost immediately started trading positive. It closed up above the T-line. Continue to hold but use the T-line as your stop. 3/15 On Friday and Monday the sellers knocked it down below the T-line and it came back up. Continue to hold as long as it doesn't close below the T-line. 3/16 It hasn't closed below the T-line. Continue to hold. Obviously, we can see strength in the pattern. Every time it opens lower it moves back up. Earnings were not quite what they expected but the stock is still moving up. The future looks good for this one. 3/17 It's staying above the T-line. Continue to hold as long as it doesn't close below the T-line. 3/18 It traded indecisively but stayed above the T-line. Use the T-line as your stop. 3/26 It's staying above the T-line. Continue to hold. 3/29 It's soggy but it's staying above the T-line. Continue to hold as long as it doesn't close below the T-line. 3/30 It's still staying above the T-line. It needs to have a good pop to the upside. 3/31 It's very unexciting but it's staying above the T-line. We need to see a good strong break to the upside. Obviously, use a close below the T-line as your stop. 4/1 It's still holding up. It formed a Doji which means you will want to be buying it aggressively if it opens positive on Monday. Use the T-line as your stop. 4/5 It moved up nicely again off the Doji coming out of the new high territory. Continue to hold. 4/6 It's continuing to move up nicely. Continue to hold. Use the T-line as your stop. 4/7 It's still working out well. Continue to hold. 4/8 It should have been closed out on Thursday as it opened lower. Now it can be shorted on weakness on Friday.

3/26 Bought GCO. If you got stopped out on Thursday and you didn't buy it back on Friday, be ready to buy it back on anything above $30.65. It's still in an uptrend.

3/18 Bought SMRT on the open as it gapped up. Whenever you see a stock gap up that much, only buy half a position until you see which way it moves from there. We would've bought another half position as it moved up above the 200 day moving average. It needs to open higher and trade higher, which it probably will do coming off the gap up. 3/26 It should have been stopped out as it came down through the low of the previous gap up.

3/18 Bought ELON. It can still be bought on a positive open on Friday. 3/26 It closed below the T-line. It should have been closed out on Friday.

3/17 Bought NEM as it traded higher. It pulled back so it needs to open higher and trade higher to stay in it. If it opens lower on Thursday and starts trading down, it may be in a downtrending channel and we would want to be right back out of it. 3/18 It traded up but came back down. It can still be bought on positive trading. Use the T-line as your stop. 3/26 It should have been closed out as it closed below the T-line last week.

3/16 Bought AXL on positive trading on Tuesday but it needs to break out immediately. 3/17 It did break out on Wednesday. This is exactly what we were looking for. It can still be bought as it is starting wave three. 3/18 It traded higher but closed a little bit lower. It needs to open higher and trade higher. We don't want to see it trade back below Thursday's low of $10.57. 3/26 It should have been closed out as it closed below the T-line.

3/16 Shorted NWPX on Tuesday's weakness. It can be shorted again on a lower open on Wednesday. 3/17 It continued down. Stay short until you see a buy signal. Notice the failure at the 50 day moving average. 3/18 It formed a Bullish Harami. This would've been an opportune place to take half your position off in profits. Now watch to see how it opens on Friday. If it opens higher, close out the other half of the position. If it opens lower, it can be re-shorted. 3/26 It was closed out as it confirmed the Bullish Harami.

3/11 Bought PVTB on the positive trading on Thursday. A lot of the bank stocks had similar trading action where they opened and steadily moved up all day. Continue to hold with the anticipation that it could move up to the 200 day moving average. 3/12 It consolidated a little bit but didn't do anything to break this type of pattern. Continue to hold while using the T-line as your stop, which could coincide with Thursday's open. 3/15 It opened lower and came back up. If it opens positive on Tuesday, it can be bought. 3/16 It's setting up. It can be bought aggressively on a positive open on Wednesday. 3/17 Continue to hold. We're still targeting the 200 day moving average. 3/18 It continued its uptrend. Continue to hold and use the T-line as your stop. 3/26 It might be setting up for a bearish Scoop pattern. It should have been closed out with it closing below the T-line.

3/11 Bought EDU on the positive trading. Also, you could have put the April $85 to $90 spread on for $1.05, which means that if the stock moves to the $90 level by April, your $1.05 would turn into $5.00. It would be a good rate of return. The J-Hook pattern makes the $90 area our target. Continue to hold. 3/12 It's still an a J-Hook pattern. It came up very nicely. Our long position as well as our April 85 to 90 spread is working very well. 3/15 It formed a Bearish Harami. If it opens lower on Tuesday, close out the position and wait for the next buy signal. The spreads should remain in place for a couple of more days. 3/16 It came back up nicely. It negated the Bullish Harami. It needs to open positive and trade positive on Wednesday. Any lower trading probably means it will move sideways until the T-line catches up. 3/17 It's continuing to move up nicely. We're still looking for it to head into the $9.00 range. 3/18 It formed a Bearish Engulfing signal. It opened slightly lower so it's not a true signal but it telling us that if it opens lower on Friday, we want to close out the position if we're trading short-term. 3/26 It should have been closed out on Friday as it closed below the T-line.

3/9 Bought INAP on Tuesday as it traded positive. It can still be bought. It formed a nice little J-Hook pattern in a steady uptrend. If you look at the long-term chart, it's starting to come up out of a big Fry Pan Bottom pattern that has been forming over the last couple of years. This could have a strong move up into the $13-$14 area fairly soon. This can be bought as a short-term trade as well as a long-term hold. 3/10 It opened lower and came up through Tuesday's close. It can still be bought coming out of the J-Hook pattern. Take a look at the 2-year chart on this one and notice the big Fry Pan Bottom pattern. This could move up to the $13-$14 area. 3/11 It moved up nicely. It's moving up because of the short-term chart pattern as well as the long-term Fry Pan Bottom. Continue to hold and use the T-line as your stop. 3/12 It pulled back a little bit didn't do anything to change the upward trajectory or create a sell signal. Continue to hold as long as it doesn't close below the T-line. 3/15 It came down, tested the T-line, and came back up. It can be bought aggressively on a positive open on Tuesday. 3/16 It didn't do anything decisively. It's still looking like it may be setting up for J-Hook pattern. 3/17 It tried to come up a little bit on Wednesday but came back and closed near the lower end of the trading range. Be ready to buy this aggressively on a positive open on Thursday. It's probably starting the next J-Hook pattern. 3/18 It needs to open higher and trade higher to stay in it. If it opens lower, close out the position. 3/26 It should have been closed out as it traded below the T-line.

3/8 Bought FITB. Continue to hold as long as it doesn't close below the T-line. We'd like to see it open and start trading above the recent high levels. It's still in a slow uptrend but we're looking for a breakout. 3/9 It's still approaching a breakout level. Continue to hold as long as it stays above the T-line. 3/10 It finally broke out through the recent high levels. It can be bought while anticipating that it will move into the $14-$15 area. 3/11 It's continuing to break out nicely out of this pattern. Continue to hold. We're looking for it to move up to $15 or more. 3/12 It formed somewhat of a Dark Cloud. Watch for it to pull back and use the T-line support, but it needs confirmation on any selling. 3/15 It recovered on Monday. Continue to hold as long as it stays above the T-line. 3/16 It's still moving up nicely. If it opens positive, it can still be bought because it's opening positive after a Doji and breaking out into new high territory. 3/17 It's still slowly moving up. Continue to hold. 3/18 It pulled back. It still needs to stay above the T-line. Continue to hold. 3/26 Short-term traders should have closed out this position on Friday with it coming back down below the T-line following the Bearish Engulfing signal.

3/5 Bought GCA on the positive open. It continued up nicely coming off the Belt Hold pattern and consolidation. We should still see some upside movement from this one. 3/8 It consolidated but then came back up and closed slightly positive. This makes for another good trade. If it opens positive on Tuesday, you will want to be buying it aggressively. 3/9 It continued higher after the big Belt Hold signal. We're anticipating that this will break out. Still use the T-line as your stop. 3/10 It's still moving up. We're looking for it to break out through the recent high levels. It needs to do so quickly because it's in the overbought condition. 3/11 It consolidated on Thursday. Now it needs to open positive and trade positive. If it opens lower on Friday, close out the position. 3/12 It came back, almost touched the T-line, and came back up a little. The stochastics are in the overbought area. If it trades at all below the T-line on Monday, close out the position. It's getting toppy at the same level where it got toppy before. 3/15 It closed right on the T-line. It needs to open higher and trade higher to stay in the position. 3/16 It's still moving up. It used the T-line as support. Continue to hold and use the T-line as your stop. 3/17 It's forming a J-Hook type pattern. Be ready to buy it aggressively if it comes up through Wednesday's high. 3/18 It formed a Bearish Engulfing signal and a Double Top. If it opens lower on Friday, close out the position. 3/26 It should have been closed out last week as it closed below the T-line.

3/29 CECO was not shorted. It did not open weaker. It opened positive so it's still in an uptrend.

3/29 Bought ODSY on the positive trading on Monday but it closed lower. However, it closed right at the T-line. If it opens higher and starts trading higher on Tuesday, you will still want to be a buyer. We don't want to see it close below the T-line. 3/30 This should've been closed out on Tuesday with it closing below the T-line. Now it can be considered as a short position if it opens weaker on Wednesday. Then use the T-line as your stop.

3/26 Bought WNC. Continue to hold. It closed just above our $7.10 stop so it needs to open higher and trade higher on Monday keep holding it. We don't want to see it close below the T-line. 3/29 It stayed above the T-line. This can be bought on any positive trading on Tuesday. This tells us the T-line is going to hold. 3/30 It should have been closed out on Tuesday as it closed below the T-line. However, it closed just barely below the T-line. Don't be afraid to buy this back if it closes back up above the T-line in the next day or so.

3/2 Bought F on Tuesday on the positive open. Continue to buy this coming out of the Fry Pan Bottom pattern as long as it doesn't close below the T-line. For long-term investors, this one can be held for the next 3 to 6 months with the anticipation that it could move to the $15 to $20 area. 3/3 Continue to hold. It's coming out of a Fry Pan Bottom pattern. It's working out nicely. If it starts running, we could see it move up into the $14-$15 area very quickly. 3/4 It moved up to a recent high. If it opens positive on Friday, we would still be buying this stock. We're looking for a breakout from the Fry Pan Bottom pattern. 3/5 It's still moving up out of the Fry Pan Bottom pattern. Long-term investors can still buy this. It looks like there will be a breakout pretty soon. If it does break out, we're anticipating that it will move to the $15 area very quickly and eventually to the $20 range. 3/8 Continue to hold. Use the T-line as your stop. 3/9 It's pulling back but notice it's doing it with indecisive trading. Look for a classic J-Hook pattern following the Fry Pan bottom pattern. 3/10 It's still in an uptrend. It's not doing anything other than consolidating at this level. We're looking for a J-Hook type pattern. It could possibly move up to the $14-$15 range. 3/11 It stayed above the T-line. Be ready to buy this on positive trading, both for the short-term and long-term. 3/12 It's still in a nice, steady uptrend. It's still moving up higher. We're looking for it to hit the $14-$15 area on its next move. 3/15 It's still in a slow uptrend. It's trying to form a little Cup and Handle pattern. Continue to hold. 3/16 It's still coming out of the Fry Pan Bottom pattern and it's forming a little J-Hook pattern. Continue to hold. It's still in an uptrend. 3/17 It continues to move up nicely. It's into the $14 area. Continue to hold. 3/18 It formed a Dark Cloud signal. If it opens lower, short-term traders should probably take profits. Then see what it does when it reaches the T-line. 3/26 It continues to stay above the T-line. Continue to hold. 3/29 It moved below the T-line but not with any definite force. This can still be bought if it comes back up through the T-line. 3/30 Traders should have closed this out on Tuesday. Long-term investors can still keep holding this. We're anticipating that it's simply backing and filling in this trend channel.

3/31 Bought HEAT. This had been a recommended buy if it opened positive and broke out through the 50 day moving average. As we saw on the open, it gapped down so this one should be disregarded as a long position and now could possibly be considered as a short position if it opens weaker on Thursday.

3/12 Bought VPHM on the positive trading. It was somewhat lethargic on the day. If it gaps open on positive trading, you will want to buy it immediately. That would then be confirming the J-Hook pattern. We don't want to see it close below the T-line. 3/15 It opened lower and came back up. It's still trying to form a J-Hook pattern. Use the T-line as your stop. 3/16 It's moving up into new high territory. Continue to hold. 3/17 It consolidated back to the T-line. It's in the overbought condition like most other stocks right now. It needs to stay above the T-line on Thursday. If it closes below the T-line, close out the position. 3/18 It stayed above the T-line and continued up. Continue to hold. 3/26 Continue to hold as long as it stays above the T-line. Just be careful because we're starting to see a lot of candlestick tails to the upside. It needs to trade positive. 3/29 It stayed up above the T-line. Continue to hold. 3/30 It stayed above the T-line. It needs to have a pop to the upside. Notice the tails to the upside, meaning it's starting to get a little weak at this level. If it trades at all below the T-line on Wednesday, close out the position. 3/31 It should have been closed out on Wednesday as it closed below the T-line. Now it may be setting up to be a good short position on any weakness on Thursday.

3/1 Bought WATG on the positive open on Monday. With the premarket futures opening positive and this stock opening higher, it told us we should be buying it immediately. Based on the recent signals, there is still a lot more upside potential in this one. 3/2 Although it closed more than halfway down Monday's bullish candle, it's not in the overbought area. There have been two recent gap ups which means it's in a very strong uptrend. Give it the opportunity to work itself out. It needs to open positive and trade positive to stay in it. We don't want to see it close below Monday's open. 3/3 It came back up but traded indecisively. Continue to hold and look for a positive open on Thursday. It needs a positive open so it can continue the uptrend. 3/4 It pulled back, barely touched the T-line, and bounced back up. If it opens positive on Friday, we would be buying it aggressively. 3/5 It bounced up nicely as expected off the Doji signal and the T-line. Look for more strength. If it breaks through the moving averages, look for it to come back up to the previous high levels. 3/8 It moved up above the 50 day moving average and pulled back a little bit. It's doing what it's supposed to do in a J-Hook pattern. It needs to open positive on Tuesday and trade positive and move up into the profit-taking area of Monday. 3/9 It got a little bit soggy as it approached the 50 day moving average. If it opens weaker on Wednesday, it should be closed out. We can always buy it back if it comes up through the 50 day moving average. If it opens weaker, it will probably come down and test the T-line for a day or so. 3/10 It pulled back but stayed above the T-line. It needs to open higher and trade higher to stay in it. If it trades below the T-line, close out the position. 3/11 It formed a Doji above the T-line. It needs to open positive and trade positive to stay in it. If it opens lower on Friday and trades down below the T-line, close out the position. 3/12 It needs to be closed out if it opens lower on Monday. It has to open higher and trade higher to stay above the T-line. 3/15 If you closed it out, it can be bought on a positive open. If you held on to it, it did close above the T-line so you can continue to hold. 3/16 It's still moving up nicely. It's now at the 200 day moving average with juice left in the stochastics. If it moves through that area, look for it to move all the way up to the previous high levels. 3/17 It's waffling between the 50 day and 200 day moving averages. It's still an uptrend but we want to see a breakout through the 200 day moving average. If it opens lower and starts trading lower, it tells us it's in a trading range and we wouldn't want to be in it until it comes up through the 200 day moving average. 3/18 It looks like it's bobbing between the T-line and the 200 day moving average. It needs to open higher and trade higher on Friday to stay in it. If it opens lower, close out the position. 3/26 If you're still holding this position, continue to hold. However, it needs to move up through the 200 day moving average very quickly. Use the T-line as your stop. 3/29 It's not doing anything decisive but it's staying above the T-line. It needs to break out soon for us to stay in the position. 3/30 It may be running out of steam. It's not doing anything that would keep us in the position anymore, especially if it trades lower on Wednesday. If it trades back below Tuesday's low of $10.81, close out the position. 3/31 It should have been closed out as it closed below the T-line. It's caught in a sideways channel so we're out of the position.

3/12 BG was not shorted. It opened higher and didn't trade below $60.50. However, it has been reiterated as a short if the trades back below $60.50.

3/10 Bought BWEN on Wednesday on the positive trading. Even though it pulled back a little bit it didn't break the trajectory of the Rounded Bottom pattern. If it starts trading up on Thursday it can still be bought. If it moves up to the 50 day moving average it will probably break through. If it breaks through that level, it will probably move up to the 200 day moving average. 3/11 This was reiterated as a buy for Thursday. Now we're expecting it to gap up through the 50 day moving average. If it does, it should move quite a bit higher up into the 200 day moving average area. This company is supposed to be announcing earnings on Friday morning. 3/12 This was one of those bad surprises. The earnings were worse than expected and the stock cratered right away. It should have been closed out at the low of the previous day. If you kept holding it, now watch for a positive open and a Bullish Harami. That would tell us the selling has stopped. There may be a possibility that the sellers over-killed it on Friday.

3/15 ILMN was not bought. It didn't trade higher. It may have to come back and test the T-line before it can be bought.

3/16 ODSY was not bought on Tuesday but it can still be bought if it comes up through $18.30.

3/10 Bought IOC on the positive trading on Wednesday. It came right up through the 50 day moving average. Continue to hold. This stock can still be bought while using the 50 day moving average as your stop. 3/11 It had a Doji day up above the 50 day moving average. If it moves higher on Friday, you will definitely want to be a buyer. 3/12 It's still holding up well. Continue to hold as long as it stays above the T-line. We definitely need to see it open positive and start trading to the upside. 3/15 It stayed above the T-line. If it opens positive, it can be bought. 3/16 It should have been closed out on Tuesday as it gapped down and stayed below the T-line. This can now possibly be considered as a failure and has the possibility of moving down to the 200 day moving average from the Inverted Scoop pattern set-up.

3/10 Bought LIZ on the positive trading. It came back down a little bit. This is a situation for a perfect trade. If it opens positive on Thursday, it can still be bought. 3/11 It consolidated but stayed above the T-line. We're anticipating that it will continue its uptrend. Use the T-line as your stop. 3/12 It consolidated but then came back up above the T-line. Look for positive open. We don't want to see it open lower and start trading down. That would warrant closing out the position, especially after the Hanging Man type signal of Friday. 3/15 It opened lower and traded below the T-line. It needs to open higher and trade higher on Tuesday to stay in it. If it opens lower, close out the position. 3/16 It should have been closed out on Tuesday as it traded below the T-line for the second day. Keep an eye on it though to see if it's stuck in a sideways pattern. If it starts moving back up it can be bought back, especially if it moves up through the T-line.

3/17 ADY was not bought. It opened and traded down. But don't give up on this. If it comes back up through Tuesday's high at around the $21.80 level, you will want to be a buyer.

3/17 RSO was not bought. It opened and immediately started trading off on Wednesday. It shouldn't be bought until it comes back up through Wednesday's open.

3/16 Shorted EZPW on Tuesday's weakness. It needs to open lower on Wednesday to stay in it. 3/17 It should have been closed out on Wednesday as it traded positive. It can still be shorted if it comes back down through Wednesday's low at around the $20.35 level. If it comes back down through there, it tells us it failed at the T-line and is coming back down.

3/15 Shorted BG on the lower open. It formed a Doji so it can be shorted again if it opens weaker on Tuesday. Use the T-line as your stop. 3/16 It continued its downtrend. Continue to stay short. Use the T-line as your stop. 3/17 It should have been closed out as it traded above the open of the previous day and definitely should've been closed out when it closed above the T-line.

3/15 Bought WFMI. It opened lower but came back up through our buy point. It can still be bought on positive trading on Tuesday. 3/16 It's getting ready to break out into a J-Hook pattern. Be ready to buy this on positive trading on Wednesday. 3/17 It's still moving up. It's starting to break out into new territory. This can still be bought on any positive trading. 3/18 It should have been closed out on Thursday as it closed below the T-line. It's forming an Evening Star/Double Top.

3/12 Bought BPZ on the positive trading. It came back and settled a little bit lower by the end of the day but it wasn't anything detrimental. This can still be bought, especially on a positive open on Monday. However, we don't want to see it close back below the T-line. 3/15 It pulled back. Give it one more day. It needs to open higher, trade higher, and stay above the T-line to stay in the position. 3/16 It's consolidating but it's right below the T-line. It traded indecisively on Tuesday. Give it another day. If it opens positive, it can be bought. 3/17 It's still just hovering at the T-line. It seems like it's supporting on a trendline. If you still own it, continue to hold. It needs to trade higher to stay in it. If it closes below any of the recent lows, close out the position. 3/18 It should have been closed out on Thursday with it closing too far below the T-line.

3/9 Shorted LHAK0 as it opened weaker and started trading below the T-line. After hours it has been trading down some more. This could potentially come all the way back down to the 50 day moving average. If you're looking to short this one, a safe place to short it would be below Tuesday's low at the $77.37 level. 3/10 It traded a lot lower on Wednesday but came up and closed at the high end of the trading range. After hours it looked like it was trading back down. If it opens lower on Thursday and comes back down through the open of Wednesday, it would be a good place to short it again. We don't want to see it close above the T-line. That would be setting up a J-Hook type pattern. 3/11 It's still in its downtrend. Continue to stay short. We don't want to see it close up above Thursday's high, which would also put it up above the T-line. 3/12 It traded back up but apparently this is fairly thinly traded. Continue to stay short as long as it doesn't trade up above the T-line on Monday. 3/15 Whether in May or April, Lean Hogs is still in a downtrend. Continue to hold this short position as long as it doesn't come up and close above the T-line. 3/16 It traded back up. It will be important to see how it opens on Wednesday. We want to see if it moves right back down on Wednesday. Stay short on the April and May Lean Hogs. 3/17 It closed above the T-line again on Wednesday after opening lower. If this opens and starts trading higher on Thursday, close out the position. Obviously, it's now in a J-Hook pattern. 3/18 It should have been closed out with it trading positive after closing above the T-line. You can now be a buyer if it trades up above Thursday's close.

3/5 CBEY was not bought on Friday after the big Belt Hold signal but we would still be buying it if it comes back up through the $13.12 area. That would show that it moved up above the high of the previous big candle. Be ready to buy this. When it does decide to move, it should move fairly strong.

3/8 MIC was not bought. Even though it traded up a little bit, it immediately started selling off and the markets weren't showing any signs of strength. This should not have been executed. However, it can be bought if it comes up through the $14 level. That would be showing an excellent trade set-up for a breakout.

3/9 ENOC was not bought on Tuesday. It opened lower and traded lower. However, if it comes back up through Tuesday's open of $29.75, you will want to be a buyer. That would tell us the Bulls are back in control.

3/4 Bought AFFX on the positive trading on Thursday. It pulled back a little but it didn't change the upward trajectory. This can still be bought if it trades back up near the $8.00 level on Friday. That would tell us the Bulls are still in control of the J-Hook pattern. 3/5 It traded up but it wasn't very strong. Continue to hold and use the T-line as your stop. 3/8 It didn't break out into new territory like it was supposed to do. It formed a Bearish Engulfing signal instead. It should be closed out if it opens weaker on Tuesday. 3/9 It should have been closed out on Tuesday as it opened weaker. It formed a Doji that supported on the T-line on Tuesday so, if it opens positive on Wednesday, it can be bought back. A better and more conservative place to buy would be at Tuesday's high.

3/2 Bought ISSI on the positive trading. It closed back down toward the lower end of the trading range but it's still in the J-Hook pattern. It can be bought aggressively if it opens positive on Wednesday. 3/3 It held up and stayed above the T-line but it needs to have positive trading to confirm the possible J-Hook pattern. 3/4 It's still staying above the T-line. We're looking for this to break out. It's setting up a Pennant formation here. If it moves to the upside, we would be buying it aggressively. 3/5 It's still moving up. We're still looking for a breakout to the upside to form a nice J-Hook pattern. Still use the T-line as your stop. 3/8 It closed just below the T-line. We would close this out if it opens weaker on Tuesday. It needs to open flat and trade upwards to stay above the T-line. 3/9 It should have been closed out on Tuesday as it opened weaker. However, it came back up to the T-line, so it can be bought back if it opens up above the T-line on Wednesday.

3/1 Bought CSE on positive trading on Monday. It's confirming that the J-Hook pattern is breaking out into new territory. This should move up into the $6.50 to $7.00 area. 3/2 It consolidated on Tuesday but it's still in the J-Hook breakout area. Continue to hold. 3/3 It got a little bit toppy but stayed slightly positive. It might be moving sideways and waiting for the T-line to catch up. 3/4 It's still moving up after the previous Belt Hold signal. Continue to hold. 3/5 It moved up but had a Doji day. We still need to see confirmation to the upside. We don't want to see it trade back below Friday's low. If it does, we would take some profits at that level. This should trade flat or higher to continue the uptrend. 3/8 It formed a Bearish Belt Hold pattern. If it opens lower on Tuesday, close out the position right away. 3/9 It should have been closed out on the weak trading on Tuesday. In order to stay in it after the Bearish Belt Hold signal, it needed to open higher and trade higher.

3/8 Bought DEER. It traded up on Monday and didn't do anything significant but it's getting closer to the breakout level. Continue to hold and use the T-line as your stop. 3/9 It consolidated a little bit on Tuesday but it was nothing that would change the upward trajectory. We definitely want to see it trade higher on Wednesday. We don't want to see it close back below the T-line. 3/10 It should have been closed as it closed below the T-line. This isn't what we wanted to see. It needed to stay above the T-line for us to keep holding it.

3/5 Shorted ZSEK0 as it came down through the $9.42 level. It popped up after closing but it didn't go too far. It formed a Doji. This is a good set-up. If it opens lower, especially if it comes down through Friday's low, it can be shorted. This would tell us that another leg to the downside was in progress. 3/8 It opened positive and traded positive on Monday. It should have been stopped out as it came up through Friday's high. However, it should have been re-shorted as it came back down through that level. It had a Spinning Top type day using the T-line as top resistance. It traded a little lower after hours but it wasn't significant. There is a report coming out on Wednesday morning so this needs to show some weakness on Tuesday to stay in it. If it trades flat, it becomes too risky because it didn't confirm the breakdown. We would put a sell stop at the recent low levels. 3/9 It traded lower on Tuesday, below the lows of the previous candles. There will be a supply announcement early Wednesday morning at 8:30. We don't want to see it move back up through the T-line. If it trades positive on Wednesday and you're still shorting it, get out of it immediately. 3/10 It should have been closed out as it came up through Tuesday's high. It looks like it's forming a little Scoop type pattern. Now you may want to consider going long in this position. If it comes up through Tuesday's high of $9.62, it can be bought while anticipating a breakout from the Scoop pattern.

3/10 Shorted WFMI on Wednesday as it traded lower. It can be shorted again if it trades back down below Wednesday's low of $35.05. It's now down below the T-line. Use the T-line as your stop. 3/11 If this was shorted on the weakness, it should have been closed out as it closed above the T-line. Now watch for positive open to buy this. A J-Hook pattern may be setting up.

3/3 ENOC was not bought on Wednesday. It opened flat and traded down. It needed to open higher and trade up. This should not have been executed and now may be considered as a short if the markets and this stock open weaker on Thursday.

3/3 SMSI was not bought on Wednesday. It needed to open stronger. It opened flat and traded down. This should not have been executed but it can still be bought if it comes back up through Wednesday's high of $9.31.

3/4 ELON was not bought on Thursday but it can still be bought on any positive trading on Friday. It formed a Doji coming out of the Fry Pan Bottom pattern. If it opens positive, it can be bought immediately.

3/1 Bought AMLN on the positive trading. Even though it pulled back, it's still in a nice uptrend. Continue to hold and use the T-line as your stop. 3/2 It worked out nicely. It came back up pretty strong. Continue to hold. 3/3 It consolidated a little bit but didn't do anything that would create a sell signal. At this point use Tuesday's open as your stop, which would coincide with the T-line. 3/4 It should have been closed out on Thursday as it gapped down and closed below the T-line.


 

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