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Steve's Trading Diary - April 2010


4/29 Shorted KELYA on the weakness on Thursday. It came up and formed a Hammer, so if it opens positive on Friday close out this short position immediately. 4/30 It moved down nicely on Friday. We've made some good profits in this one. We're still anticipating that it will move to the 200 day moving average. 5/3 It came back up pretty strong on Monday. If it opens positive on Tuesday, close out the position. 5/4 It should have been closed out if it opened positive on Tuesday, but it didn't. Continue to stay short. There is a good possibility that it will head all the way down to the 200 day moving average. 5/5 It's still moving down nicely. Continue to stay short. We're looking for it to reach the 200 day moving average. 5/6 Stay short until you see a buy signal. It will probably test the 50 day moving average. 5/7 It formed an Inverted Hammer in the oversold area. If it opens positive on Monday, close out the position immediately. 5/10 After the Inverted Hammer it opened positive and should have been closed immediately on the open.4/22 Bought POZN. It showed some weakness on Friday. Continue to hold but it needs to open higher and trade higher. If it starts trading back down toward the T-line, come out of it and then see what it does when it reaches the T-line. 4/26 It gapped up to the top end of the body of the previous day's candle. If it opens positive on Tuesday, you will want to be buying it aggressively. That will form a derivative Kicker type signal. 4/27 It held up well. It needs to stay above the T-line. 4/28 It stayed up above the T-line but it needs to open positive and trade positive on Thursday. 4/29 It couldn't close below the T-line and moved up strong on Thursday. Continue to hold. 4/30 It should have been closed when it closed below the T-line.

4/20 Bought SCHS. This has a very nice chart but be careful of the lower volume. Buy this in very small amounts. 4/21 Continue to hold. This one has very light volume so be careful with it. 4/22 Continue to hold. Be careful of the low volume but it's showing a very nice chart. 4/26 It formed a Bearish Harami. If it opens lower on Tuesday, take some profits and see if it's going to bounce off the T-line. 4/27 It stayed above the T-line. Continue to hold and use the T-line as your stop. 4/28 It used the T-line one more time as support. If it opens positive, it can be bought. 4/29 It used the T-line again as support and closed at a new high. Continue to hold. 4/30 It should have been closed as it came down thru the previous day's open.

4/30 Bought BIIB on the positive trading on Friday. It held up pretty well but came back down on the late selling of Friday afternoon. It needs to open higher and trade higher. It definitely needs to stay above the T-line to stay in it. Use any trading below $53 as your stop. 5/3 It can be bought on positive trading. It's doing what it should after the previous Doji signals and the bullish confirmation. 5/4 This should have been closed out immediately on the gap down through the T-line on Tuesday. It shouldn't have traded at all below the T-line if it was in an uptrend.

4/30 Bought NIHD as it traded higher. However, it came back down and closed relatively flat. It needs to open higher on Monday and trade higher. Use Friday's low of $41.94 as your stop. It shouldn't come back down through that level. 5/3 It stayed up above the T-line. It can still be bought on positive trading on Tuesday. 5/4 It opened at the previous day's open and went in the opposite direction of where we wanted it to go. It should have been closed out on the weakness. It was obvious that there wasn't going to be any strength coming into this stock on Tuesday.

4/29 Bought SA on the positive trading on Thursday. When the market opened positive and this stock opened positive, it should have been bought immediately. Notice the J-Hook pattern and the breakout above the previous high levels. It should move up another couple of points before we see the first signs of selling. 4/30 It consolidated nicely early on Friday and then came back up and closed at the top end of the trading range. Continue to hold. 5/3 It consolidated on Monday. It had a Doji type day in the overbought area. It needs to open positive and trade positive to stay in it. If it opens lower and starts trading down, take profits. 5/4 After Monday's Doji and seeing it sell off in the weakness of the market on Tuesday, it told us we should close out the position. However, be ready to buy it back on any strength since it closed right on the T-line.

4/29 Bought AZK on the positive open. It immediately started coming down but then came back up. This can still be bought on a positive open on Friday. 4/30 Continue to hold and use the T-line as your stop. It's still in a nice uptrend. At this point we don't want to see it trade at all back below Friday's open of $5.55. 5/3 It got toppy but didn't do anything to show a reversal yet. The stochastics are not quite up into the overbought condition. Continue to hold and use the T-line as your stop. 5/4 With it opening lower and starting to trade down on Tuesday morning, it told us it would probably head for the T-line. When you see the futures down on a particular morning and you see other stocks in your portfolio opening weaker, just close them out and wait to see what happens before the end of the day.

4/28 Bought HMA as it traded positive. It's breaking out into new high territory. It's trading positive after a Doji type day. This one still has some upside potential. 4/29 It's still working nicely and can still be bought. 4/30 It formed a little Shooting Star signal in the overbought condition. It might be getting a little bit toppy. If it opens lower on Monday, close out the position immediately. 5/3 It's still moving up slowly but steadily. Continue to hold and use the T-line as your stop. 5/4 With the gap down and the stock trading lower, it should have been closed out. It can always be bought back.

4/30 Bought KERX on the gap up, which gapped it up above the recent high levels. Definitely continue to hold and use the T-line as your stop. 5/3 It's coming up very nicely. Continue to hold and use the T-line as your stop. Even though it has moved a good distance away from the T-line, it looks like it's in a big breakout situation. 5/4 It held up reasonably well. It didn't sell off very hard Tuesday morning and picked up strength in the afternoon. Continue to hold and put a stop at the level where it opened on Tuesday. It comes back down to that level, it tells you the Bears have finally stepped in. Use Tuesday's open of $6.11 as your stop. 5/5 It should have been closed out when it came down through the previous day's low in the overbought area. It opened and held up for a little while but when it came down through the previous day's low, it tells us the Bears would probably take it down to the T-line.

4/20 Bought NEWS. It can still be bought on positive trading. It's in a nice breakout pattern. Continue to hold and use the T-line as your stop. 4/21 It's not doing anything except waiting for the T-line to catch up. Be ready to buy this on any breakout from the current levels. 4/22 It's still coming out of the Fry Pan Bottom nicely. Continue to hold. 4/26 It formed a Doji. We want to see it open positive and continue the uptrend. Use the T-line as your stop. Aggressive traders may want to use Monday's low of $7.44 as your stop. If it comes down through that level, it will probably come down to test the T-line. Then you can always buy it back. 4/27 It formed an Evening Star signal and closed right on the T-line. If it opens lower on Wednesday, close out the position. 4/28 It needed to open positive and trade positive, which it did on Wednesday. Continue to hold and use the T-line as your stop. 4/29 It moved up nicely on Thursday. Continue to hold as long as it stays above the T-line. 4/30 Continue to hold and use the T-line as your stop. 5/3 Its continuing upward. Continue to hold and use the T-line as your stop. 5/4 It held up well until the end of the day. If it opens weaker on Wednesday, close out the position. 5/5 If you closed this out in the morning, it was probably the right thing to do. However, it came right back up. If you didn't re-enter the position on the way up on Wednesday, it can be bought on a positive open on Thursday. That would tell us the Fry Pan Bottom uptrend is still in progress.

4/22 Bought CYTX. This was reiterated as a buy for Monday. It has moved up to the first resistance level and doesn't look like it wants to quit. If it moves higher, you'll want to be buying it. 4/26 -It pulled back, which makes us believe the 50 day moving average may be acting as resistance. However, notice it didn't form a true sell signal. It did not form a Dark Cloud signal because it didn't open above the previous day's high. It's only a selling day in an uptrend. We expect it to bottom out and then head right back up. Continue to hold unless you see hard selling that closes below the T-line. 4/27 It moved back down as expected. It stayed above the T-line. It needs to form a J-Hook type pattern to stay in it. 4/28 It can be bought on positive trading on Thursday. It's setting up a Cup and Handle pattern. 4/29 It can be bought aggressively on a positive open on Friday. Notice the Fry Pan Bottom/Cup and Handle pattern. 4/30 It came all the way back down to the 50 day moving average. If it opens lower on Monday, close out the position immediately. 5/3 It's forming a nice J-Hook pattern. It can still be bought on a positive open on Tuesday. Use the T-line as your stop. 5/4 It held up reasonably well. Continue to hold and use $5.90 at the T-line level as your stop. A J-Hook pattern is setting up. 5/5 It's getting a little bit toppy. It's supposed to report earnings Thursday morning. If it opens lower, get out of it immediately. 5/6 It should have been closed out on Thursday with the weakness of the market.

4/19 Shorted JACK. It can still be shorted on weakness on Tuesday after the big gap down. 4/20 Stay short. At this point use the T-line as your stop. 4/21 Stay short until you see a buy signal and a close above the T-line. Use the T-line as your stop. 4/22 This should have been closed as it moved back up through the T-line.

4/8 Shorted NKTR on weakness on Thursday. It can still be shorted if it opens weaker on Friday. That would tell us it should move at least down to the 50 day moving average. We may be seeing a little Double Top formation at this level. 4/14 It cannot get up above the T-line. Continue to stay short. Anticipate the 50 day moving average being our target. 4/15 It formed another little Bullish Harami. If it opens positive on Friday, it should be closed out immediately. 4/16 It needed to trade down on Friday, which it did. Now watch to see what it does when it gets to the 50 day moving average. 4/19 Stay short. It closed lower, right on the 50 day moving average. If it opens lower, watch for a good drop in this one. 4/20 It's now getting squeezed between the T-line and the 50 day moving average. It didn't form a buy signal and it didn't close above the T-line. Stay short but if it starts trading above the T-line on Wednesday, close out the position. 4/21 It tried to close above the T-line but couldn't. Stay short but if it opens positive on Thursday, close out the position immediately. 4/22 If you closed this out on Friday on the positive open, it was probably the right thing to do even though it closed lower. You can always re-short it if it comes back down through the $14.10 area.

4/14 Bought KSP. Continue to hold. 4/15 Continue to hold as long as the Fry Pan Bottom pattern is still in progress. 4/16 It came right back down to the T-line. It needs to open higher and trade higher to stay in it. 4/19 It traded up for most of the day but came back down and closed near the low end of the trading range, creating an Inverted Hammer. The analysis is very simple. If it opens positive, it can be bought aggressively. If it opens lower, close out the position. 4/20 This has a nice chart. It formed a Morning Star signal off the T-line. Be careful with this one. The volume is a little bit low. 4/21 It stayed above the T-line. We're looking for this to start breaking out, especially if it moves up above the recent highs. It's setting up a nice Cup and Handle pattern. 4/22 Be ready to buy this one aggressively if it moves up through the $10.12 area. The next target would be the 200 day moving average. 4/26 It should have been closed out on Monday with it closing below the T-line. If the pattern was a Cup and Handle, it should have opened positive and traded positive. The stochastics are now heading down.

4/27 ASIA was not bought. Even though it opened positive Tuesday morning, the Dow was trading down. There was no incentive to jump into this position really fast because the market wasn't showing any great strength. If you did buy this, obviously you should have been out of it on the close.

4/27 ZQK was not bought with it opening lower. It can still be bought if it comes up through the $6.00 range.

4/27 JCP was not bought because it opened lower and traded lower.

4/16 Bought FSS. It opened positive and traded positive. It needs to open positive on Monday to stay in it. Otherwise, it's going to get caught in the sideways trading channel. 4/19 It held up pretty well. It used the T-line as support. It can be bought aggressively on a positive open on Tuesday. 4/20 It moved up nicely. Continue to hold. It should be starting wave three. Use the T-line as your stop. 4/21 It consolidated nicely down to the T-line and came back up. Continue to hold. Look for this to break out to the upside. 4/22 It's doing what we expected coming out of the current chart pattern. Continue to hold and use the T-line as your stop. 4/26 It pulled back a little bit on Monday but the trajectory hasn't changed yet. Use the T-line as your stop. 4/27 It closed back below the T-line and should have been closed out. If you still own it, it needs to open positive and trade positive immediately to stay in it. If it opens weaker on Wednesday, close out the position.

4/5 Bought CCO on the positive trading on Monday. Continue to hold as long as it stays above the T-line. It's coming off a nice Morning Star signal that bounced off the 50 day moving average. 4/6 It's still in an uptrend. Continue to hold and use the T-line as your stop. 4/7 It just barely stayed in the game by coming back up above the T-line. It needs to open positive and trade positive. If it opens lower and trades below the T-line, close it out immediately. 4/8 It didn't close below the T-line. If you closed it out on Thursday on the weaker trading, be ready to buy it on a positive open on Friday. 4/14 This can be bought again on positive trading on Thursday. It's breaking out of the J-Hook type pattern. 4/15 If it opens positive on Friday, it can be bought immediately after trading in new territory after the Doji. 4/16 It backed off. It needs to trade positive on Monday to continue holding it. 4/19 It needs to open higher and trade higher on Tuesday. If it starts trading down below the T-line, close out the position immediately. 4/20 It's still acting nicely and moved up strong on Tuesday. Continue to hold. 4/21 It's still moving up nicely. Continue to hold. 4/22 Close out the position if it closes below the T-line. 4/26 It closed just above the T-line on Monday. It needs to open positive and trade positive to stay in it. 4/27 It should have been closed out as it gapped down slightly on Tuesday. Since it didn't show any signs of strength, it should have been closed out immediately.

4/22 Bought ATI. It can still be bought with the little gap up from the Doji. Continue to buy this, especially if it breaks out through the recent highs. 4/26 It's still in an uptrend. We need to see it open positive. If it opens lower, it might be considered as profit-taking. However, the stochastics are not up high enough into the overbought area to be concerned about profit-taking. 4/27 It should have been closed out as it closed below the T-line.

4/28 CROX was not shorted on Wednesday. However, it can be shorted if it comes back down through the $9.90 level on Thursday.

4/28 CML was not shorted. It can be shorted if it comes down through the $12.65 level.

4/14 Bought UNTD. Continue to hold. 4/15 It opened lower but came right back up again. It's in a J-Hook pattern breakout. Continue to hold. 4/16 It formed a Bearish Harami. It needs to open and trade higher to stay in it. If it opens lower on Monday, especially if it trades down through the T-line, you'll want to be out of the position. If the markets show weakness on Monday, there will be a lot of recently bought stocks that need to be closed out. 4/19 It stayed up above the T-line. Continue to hold. It can be bought aggressively on a positive open on Tuesday. 4/20 This has been reiterated as a buy as long as it opens positive on Wednesday. 4/21 This was not bought again on Wednesday but we still have it on the buy list. If it opens positive on Thursday, it can be bought aggressively. If it closes below the T-line, close out the position. Notice the Pennant formation setting up here. 4/22 It's moving up nicely. Continue to hold and use the T-line as your stop. 4/26 It came down nicely, touched the T-line, and came right back up. If it opens positive on Tuesday, you will want to be buying it aggressively. 4/27 It did a bearish confirmation of a Hanging Man signal. It needs to open higher and trade higher to stay in it. If it opens lower, close out the position. 4/28 It should have been closed out on Wednesday. If you didn't close it out, it needs to open positive and trade positive to stay in it.

4/28 Bought BGZ on Wednesday as it traded up. However, it came back down. If you still own it, continue to own it. We suggested earlier today to lighten up on the position on the close. The analysis is very simple. If the market opens weaker on Thursday, you can buy back that portion of the position. 4/29 It should have been closed out immediately on the lower open on Thursday, which was in correlation with the positive open in the markets.

4/26 Bought CPE on the positive open. It traded up nicely on Monday. Continue to hold. It's forming a nice J-Hook pattern set-up. 4/27 It backed off and closed right on the T-line. It needs to open positive and trade positive immediately on Wednesday. We need to see a positive open to stay in the position. Otherwise, if it opens lower, it may be in a downtrending channel. 4/28 It can be bought if it opens positive on Thursday. Continue to hold. Use the T-line as your stop. If it opens positive, that will be a nice set-up for a buying situation on Thursday. 4/29 It should have been closed out with it closing below the T-line on Thursday.

4/16 GET was not bought. It opened lower and traded lower. It can still be bought if it comes up through Thursday's high.

4/16 NEWS was not bought. It opened and immediately started trading down. However, it can still be bought if it comes up through the $7.30 level.

4/15 Bought MRVL on the positive trading. It came back down and closed at the lower end of the trading range. It needs to open higher and trade higher immediately. If it opens lower on Friday and starts trading down, close out the position and then put your buy stop at the level where it closed on Thursday. 4/16 It backed off. If you're a trader, you should have been out of it early on Friday. However, it came down to the T-line and bounced back up. If you still own it, use the T-line as your stop.

4/15 Bought OMN. Continue to hold but be ready to buy it on Friday, especially if it comes up through Thursday's high of $8.20. 4/16 It traded below the T-line and should have been closed out on Friday.

4/8 Bought RT as it came back up through our buy point. It's breaking out nicely from the Scoop type pattern. Continue to hold until you see a sell signal. 4/14 It has used the T-line as support. Notice the Bullish Engulfing signal after profits were taken. This can still be bought on positive trading. 4/15 It can still be bought on positive trading. Notice how it moves down and comes right back up. That tells us the Bulls are still in control of the trend. 4/16 It should have been closed out with it closing below the T-line on Friday. If you still own it, the only way to stay in it is if you see a positive open and positive trading on Monday.

4/1 Bought SFG. It opened higher and is still trading up. This can be bought aggressively on Monday, especially if it opens above $48. Use the T-line as your stop. 4/5 It's moving up very nicely. Continue to hold. Notice the Kicker type signal that took it up hard. 4/6 It's still moving up nicely. Continue to hold. Use the T-line as your stop. 4/7 It formed a little Hammer/Hanging Man signal. It needs to open higher and trade higher immediately. Use Wednesday's low of $48.40 as your stop. 4/8 It consolidated nicely but came right back up. Continue to hold as long as it doesn't close below the T-line. 4/14 It moved up off the T-line. Continue to hold until you see a sell signal and a close below the T-line. 4/15 It formed a Doji on Thursday but it was nothing to change the trajectory. Use the T-line as your stop. 4/16 It should have been closed out on Friday with it closing below the T-line.

4/19 NCI was not bought on Monday because it opened and immediately started trading down and never came back up. This profit-taking is not unusual after a good move up. This can still be bought if it comes up through the $12.80 level.

4/14 Bought ROVI. Continue to hold. 4/15 It moved up a little bit on Thursday. Continue to hold. We're looking for it to break out through the recent highs. 4/16 It closed right on the T-line. It needs to open higher immediately on Monday to stay in it. 4/19 It should have been closed out immediately on the weaker trading. The market was stable but this stock was selling off.

4/13 Bought CIEN. Continue to hold. 4/15 It backed off but notice that it didn't form a true signal. It's just a selling day in an uptrend. However, we don't want to see it trade back below Thursday's low. It needs to open and start trading higher to stay in it. 4/16 It opened lower. It hasn't formed a true sell signal. Watch to see if it uses the T-line as support. It should definitely be closed if it trades at all below the T-line. 4/19 If you closed this out, it's all right. It needs to show support on the T-line to consider buying it back.

4/13 Bought VMW. Continue to hold. 4/15 It needs to open positive and trade positive on Friday. We don't want to see it trade at all back below the T-line. 4/16 It didn't do anything decisive but didn't do anything positive either. If it opens lower and starts trading down toward the T-line, close out the position. That will be a function of what the markets in general are doing on Monday. 4/19 It should have been closed out because it couldn't close back up above the T-line.

4/13 Bought INAP. Continue to hold. 4/15 Continue to hold. This still has big upside potential. Use the T-line as your stop. 4/16 If you didn't close it out on Friday, it should be closed out on Monday if it opens weaker. 4/19 It should have been closed out with it trading lower on Monday.

4/20 CF was not shorted. The market slowly traded positive all day so there wasn't any great selling pressure on this stock. It can still be shorted if it comes down through the $86 level.

4/19 Bought PACR as it moved up through the top end of the trading range on Monday. However, it traded back down. It can still be bought if it trades positive on Tuesday. 4/20 It should have been closed out on Tuesday with it closing below the T-line. If you still own it, it needs to open positive and trade positive to stay in it. It may be setting up a J-Hook pattern but right now you should be out of it.

4/19 Shorted CYMI as it traded weaker. It must open weaker and trade down on Tuesday to stay in it.  If it opens positive, close out the position immediately. That means that the T-line is probably going to hold. Worst case scenario, if it trades up and then trades back down below the T-line, you can re-short it. 4/20 It could have been bought as soon as it opened positive on Tuesday. To stay short, it should have opened lower. This short position has been closed out.

4/21 ES was not bought on Wednesday. It opened and immediately traded down. However, it can be bought if it comes back up through the $7.31 level on Thursday coming out of the little J-Hook pattern.

4/21 TLEO was not bought. It opened and immediately traded down. This is one where you needed to be careful. Once it opens watch to see what it does. If it moves up, it shows that the buyers are there. If it immediately starts pulling back, you don't want to buy it until you see the next signs of buying coming in. It came all the way down to the 20 day moving average and closed back up above the T-line. If it opens positive on Thursday, it can be bought aggressively.

4/8 Bought WNC. It opened and traded down on Thursday but came back up. We've reiterated a buy for this stock on a positive open. If it gaps open, you will want to buy it immediately. 4/14 It continues to move higher. Continue to hold. It should be in wave three and there should be another two points left in this one. 4/15 It consolidated a little bit but it was nothing to change the upward trajectory. At this point we don't want to see it close back below Wednesday's low of $8.66. 4/16 This stock, like the rest of the banks, got hit pretty hard. It closed right on the T-line. It needs to open positive on Monday to stay in it. 4/20 If this doesn't open positive and trade positive on Wednesday, close out the position. That would result in too many days of weakness and it would be trading below the T-line. 4/21 It closed below the T-line on Wednesday and should have been closed out. It can always be bought back immediately if it starts trading positive on Thursday.

4/8 Shorted CLNE on weakness. It formed a Doji on Thursday. It needs to open and trade down to continue to stay short. We don't want to see it trade up above the T-line. 4/14 It formed an Inverted Hammer right on the 50 day moving average. If you didn't close it out on the positive open the next day, it definitely should have been closed out on the positive open on Wednesday.

4/6 Bought PUDA on the positive trading on Tuesday. Even though the market was soggy on the open, it gapped up and started trading positive. Continue to hold. It has done a nice Scoop pattern breakout. 4/7 It consolidated but didn't do anything to change the direction of the trend. We don't want to see it trade back below Wednesday's low of $10.70. 4/8 It consolidated with a Doji type day. If it opens positive on Friday, it can be bought aggressively. 4/14 This should have been closed out as it gapped down from the Bearish Engulfing signal following the left/right combination Doji. It has formed a Bullish Harami so if it comes back up through the T-line it may become another buying opportunity.

4/5 Bought XTEX. It opened higher, came back and used the T-line as support, and then moved back up. This can be bought aggressively on a positive open. It would be opening positive after a Doji and would also be breaking out through a little resistance level. 4/6 It can be bought on a positive open on Wednesday. It's breaking out into new territory. Continue to hold. 4/7 It consolidated nicely all the way back down to the T-line and came back up. This is healthy trading action but it needs to trade positive on Thursday. 4/8 It stayed above the T-line but it needs to open positive on Friday to stay in it. We don't want to see it close below the T-line. 4/14 This should have been closed out on the close below the T-line. Now that it has come back up, it can be bought on positive trading.

4/15 HOLX was not bought on Thursday but it can still be bought if it opens positive on Friday and starts trading positive, especially if it comes up through Thursday's high that the $18.40 level. If you bought it on Thursday, continue to hold and use the T-line at your stop.

4/9 Bought PALM. Close this on a lower open. 4/15 If you closed this out, be ready to buy it back on any positive trading above Thursday's high of $5.57. If it comes up through that level, the profit-taking is over and it should move higher.

4/6 EVVV was not bought. It did not break out. It opened lower and traded lower. If it comes back up through $16.90, you will want to be a buyer.

4/6 PRXL was not bought. However, if it comes up through $24.90 on Wednesday, you will definitely want to be a buyer. That would tell you the move is still in progress after the Doji.

4/1 Bought HXL on the positive trading on Thursday. It came back and closed slightly higher but below where it opened. It needs to open higher and trade higher to stay in it on Monday. We don't want to see it close below the T-line. 4/5 It backed off a little bit on Monday. It was nothing to change the uptrend but the speed of the uptrend may have slowed down. Now it may be in a very slow uptrend. Continue to hold as long as it doesn't close below the T-line. 4/6 It should have been closed out on Tuesday as it closed below the T-line.

4/1 Shorted DIN. This can still be shorted aggressively if it opens lower on Monday after Thursday's Bearish Engulfing signal. 4/5 Although this looked like a good short position, it formed a Bullish Harami right on the T-line. If it opens positive on Tuesday, close out the position. 4/6 It should have been closed out on Tuesday as it traded positive after Monday's Bullish Harami. However, it can be re-shorted if it comes back down through Tuesday's low of $39.10.

4/1 Shorted CECO as it traded weaker on Thursday. It can be shorted again on weakness on Monday. 4/5 It traded positive back up through the T-line. If it opens positive on Tuesday, close out the position. 4/6 It should have been closed out on Tuesday as it traded positive.

4/7 ROSE was not bought. It didn't do enough of anything for us to want to buy it on Wednesday. However, it can still be bought if it comes up through the $26.10 level. That would tell us the Bulls are still in this stock with its uptrending, J-Hook type pattern.

4/6 Shorted BPI. It came back up to being even on the day. Be ready to re-short this on any lower trading. Stay short and use the T-line as your stop. 4/7 It should have been closed out on Wednesday with it closing up above the T-line.

4/7 Bought TIVO on the positive trading on Wednesday, but when it closed down at the lower end of the trading range it may have taken the fire out of it. It needs to open higher and trade higher immediately on Thursday to stay in it. If it opens lower, close out the position. 4/8 It should have been closed out as it opened and traded lower on Thursday. However, it came back up and closed above the T-line. If it opens positive on Friday, it can be bought back.


 

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