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Steve's Trading Diary - June 2010


6/29 Shorted BEAT on the weakness after Monday's Doji. The Kicker derivative signal is in progress. Continue to stay short. 6/30 It continued to move in a downward direction. Continue to stay short. At this point, with it moving toward the oversold area, we don't want to see any trading above Wednesday's high at the $5.76 level. 7/1 It's still in a downtrend after the derivative Kicker signal. Continue to stay short. At this point use any trading above Thursday's open at $5.55 as your stop. 7/2 Stay short but it's getting a little indecisive at this level. Use the halfway point of Thursday's candle as your stop. It shouldn't trade up above that level on Tuesday for us to stay in it. 7/6 It didn't show enough strength to warrant covering it. It continued down. Continue to stay short until you see a buy signal. The Kicker derivative signal is still working very effectively. 7/7 It traded lower but finally ended up trading higher. It needs to be closed out if it trades back up above Wednesday's high of $4.77. 7/8 It should have been closed out on Thursday with it trading up above Wednesday's high.

6/29 Shorted ISLE on the gap down on Tuesday following Monday's Kicker signal. It should move down to the 200 day moving average. 6/30 It continued down pretty strong and closed below the 200 day moving average. Use any trading above the halfway point of Wednesday's bearish candle as your stop. 7/1 The gap up would have motivated us to cover half the position immediately. It needs to open lower and trade lower to stay short. 7/2 Continue to stay short with the remaining half of the initial position. It could possibly be re-shorted if it opens weaker on Tuesday. 7/6 The remaining position is still short. Continue to stay short. Obviously, it didn't support at the 200 day moving average. 7/7 It formed a Bullish Harami in the oversold area. If it opens positive, it should be closed out immediately. 7/8 It should have been closed on Thursday as it traded positive. It can be re-shorted if it comes back down through Thursday's low.

6/28 Shorted UEPS. It opened positive, tested the 50 day moving average, and came back down through the level where it opened. This told us the Bears were in control. It could've been shorted as it came back down through the level where it opened. Continue to hold and use the T-line as your stop. 6/29 Continue to stay short. If it breaks through the recent low levels, it has a lot of room to move to the downside. At this point we don't want to see it trade above $14. 6/30 It tested the T-line but came right back down. Continue to stay short. If it breaks down through the recent low levels, it should have another good run to the downside. 7/1 It opened lower. It needs to open lower on Friday to stay in it. If it opens positive, you will want to start covering this position. 7/2 It's a little bit weak. It formed another Hammer signal in the oversold area. It needs to open weaker and trade down to stay in it. If we see the markets open positive on Tuesday, we will probably cover this one. 7/6 It opened a little bit higher but immediately started selling off. Continue to stay short until you see a buy signal. 7/7 It formed somewhat of a Piercing signal on Wednesday after a couple of Doji signals. If it opens positive on Thursday, close out the position. 7/8 It should have been closed out immediately as it opened positive on Thursday.

6/22 Shorted JNY on weakness on Tuesday. It didn't hold at the 200 day moving average. Look for it to come back and test the recent lows and possibly go lower. 6/23 Even though it came up a little bit, it couldn't get up through the 200 day moving average. If it opens weaker on Thursday, we will definitely want to be shorting it aggressively. 6/24 It moved down nicely on Thursday. Continue to stay short. 6/25 It formed a Bullish Harami at the same place it bottomed out before. If it opens positive on Monday, close out the position immediately. 6/28 It's continuing its downtrend. Continue to stay short. 6/29 It broke down through the recent low levels. Continue to stay short until you see a buy signal. 6/30 If it comes up through Wednesday's high at the $16.39 level, you will probably want to take profits. Even if it opens positive on Thursday you will probably want to take some profits. 7/1 It didn't do anything that shows the Bulls are in control yet. Just be nimble at this level. At this point use any trading above Thursday's open of $15.80 as your stop. But as of right now it's still in a downtrend. 7/2 It tried to bottom at this level. It didn't go below Thursday's low but didn't form any signal that told us the Bulls were taking control. At this point we don't want to see it come back up through Friday's high at the $15.51 level. 7/6 It opened higher and immediately started selling off. Continue to stay short. 7/7 It formed a Bullish Harami. If it opens positive on Thursday, close out the position. If it opens lower, use Wednesday's close as your stop. 7/8 It should have been closed out immediately on the positive open on Thursday.

6/30 Bought LTBR all the positive trading on Wednesday. Even though it closed at the low end of the trading range, it indicated the profit-taking was over and that we can be buying the stock. As long as it opens positive on Thursday, it can still be bought. We don't want to see it close below the T-line. 7/1 It needs to stay above the T-line for us to stay in the position. If it opens lower and trades lower on Friday, close it out immediately. It needs to open higher and trade higher for the Rounded Bottom pattern to stay in effect. 7/2 It should have been closed out with it closing below the T-line. This doesn't keep us from buying it back but right now we want to be out of it.

6/25 SJM was not bought. This was a situation where the market was weaker and we needed to see a positive follow-through even though the stock opened positive. However, it started backing off right away. It can still be bought if the price comes back up through the $63 area.

6/24 Shorted ATPG on the slight weakness but it traded positive most of the day. It can still be shorted on any weakness on Friday. 6/25 It should have been closed out as it opened positive after the Inverted Hammer and kept going. That showed there was too much strength. This had been shorted but is now being recommended as a long position. It should have been closed out on the short side.

6/22 Shorted DNDN on the weakness on Tuesday. Right now the first target is the 200 day moving average. If it breaks through there, it has a lot more downside possibility. 6/23 It didn't do much of anything on Wednesday. It moved up a little bit but didn't change anything regarding our target of at least the 200 day moving average. 6/24 It traded up on Thursday. We wouldn't have closed it out. Give it one more day. We're in a down market so if it opens lower on Friday, hang on to it. If it opens positive, close out the position. 6/25 It should have been closed out. It formed a Bullish Harami with subsequent positive trading and it opened positive again on Friday. It should have been closed out because it was showing too much strength.

6/10 Bought IPSU. Notice how it used the T-line as support on Thursday and Friday and started moving up. It can still be bought with the anticipation that it will move up toward the 50 and moving average. 6/14 Even though it backed off, it didn't change the trajectory. Continue to hold. We're looking for this to open stronger and trade stronger on Tuesday. 6/15 It's still showing a nice chart. It formed a Hammer signal on Tuesday. It consolidated and came back up again. 6/16 It consolidated back to the T-line. It formed a Doji on Wednesday so it needs to open positive and trade positive to stay in it. 6/17 Continue to hold as long as it stays above the T-line. If it opens positive on Friday, you will want to be a buyer. 6/18 It's using the T-line as support. It needs to have a positive open. We don't want to see it close below the T-line. 6/21 It's getting very close to our stop. It closed just above the T-line area. It needs to open positive and trade positive to stay in it. Any lower treading on Tuesday would warrant closing out the position. 6/22 It can be bought again after the Bullish Engulfing signal on the T-line. Continue to hold. 6/23 It stayed up nicely. Continue to hold. 6/24 It pulled back but stayed above the T-line. Give it one more day. It needs to open positive and trade positive to stay in it. 6/25 It should have been closed out because it closed below the T-line after the Bearish Engulfing signal.

6/28 UNIS was not bought on Monday because it gapped down.

6/28 FDO was not shorted on Monday. It opened and started trading positive. It stayed positive most of the day.

6/25 Shorted ARUN on the weakness on Friday, but it closed back up near the T-line. It needs to open lower and trade lower. If it opens positive on Monday, close out the position immediately. 6/28 It should have been closed out on Monday as it traded positive, especially when it came up through the T-line. It can now be considered as a long position if it trades positive on Tuesday.

6/24 Bought FSYS on the positive trading on Thursday even with the market heading down because of the Fry Pan Bottom pattern. We would still consider this as a buying opportunity if it opens positive on Friday. Use the T-line as your stop. 6/25 It's right at the 50 day moving average and is about ready to break out. It could have been bought over the last couple of days. Continue to buy, especially if it opens positive on Monday. That would tell us the 50 day moving average was not acting as resistance anymore. 6/28 It should have been closed out on Monday as it failed the 50 day moving average. Now watch for a J-Hook or Cup type pattern to get back in it.

6/24 Shorted GGC on the weakness. Continue to stay short. We're looking for it to break through the recent low levels. 6/25 It formed a Bullish Harami. The stochastics are starting to flatten out. There were lots of stock exchanged on Friday. It needs to be closed out if it opens positive. To stay short, it needs to open lower and start trading lower. 6/28 It should have been closed on Monday as it traded positive. However, if it trades lower on Tuesday, you will probably want to re-short the position.

6/29 CRUS was not bought on Tuesday because it didn't open positive. It went in the opposite direction. It actually formed a Kicker signal to the downside. It may now be considered as a short position.

6/29 OVTI was not bought on Tuesday because it opened lower and went in the opposite direction of what we wanted.

6/25 Bought FTEK on the positive trading on Friday. Notice how it used the 50 day moving average and the T-line as support and then bounced back up. Continue to hold while anticipating that it will move to the 200 day moving average. 6/28 It consolidated on Monday but came back up to the top end of the trading range. Continue to hold as long as it stays above the T-line. It could move all the way up to the 200 day moving average. 6/29 It formed a Hanging Man signal on Monday and confirmed to the downside on Tuesday. It should have been closed out immediately.

6/28 Bought ATPG on the early positive trading on Monday. It pulled back but didn't close below our stop. It needs to open higher and trade higher to stay in it. 6/29 It should have been closed out with it closing back below the T-line.

6/15 Bought DJSP on the positive trading. It formed a Doji which means if it opens positive on Wednesday, you will want to be a buyer immediately. 6/16 It traded steadily on Wednesday. Be ready to buy this, especially if it moves up through Wednesday's high of $6.44. That would tell us it should move a lot higher. There is still a potential that it will fill a previous gap. 6/17 It moved sideways. Continue to hold as long as it doesn't close below the T-line. 6/18 It didn't do anything magnificent. It came back down and touched the T-line. It needs to open positive and trade positive to stay in it. 6/21 It formed a Hammer type signal. It must open positive for us to stay in it. If it opens lower on Tuesday, close out the position immediately. 6/22 We have reiterated this as a buy for Wednesday. It traded sideways, hit the T-line, formed a Hammer signal, and confirmed it on Tuesday. It's still in an uptrend. 6/23 It stayed above the T-line. Continue to hold. 6/24 It stayed up above the T-line. Continue to hold but it needs to stay above the T-line. 6/25 It's getting a little bit sluggish but stayed above the T-line. Continue to hold. Don't let it close below the T-line. 6/28 It's staying up above the T-line. Continue to hold the position but we'd like to see this break out very soon. If it closes below the T-line, close out the position. 6/29 It should have been closed as it came down through the T-line. In the current market conditions it was obvious there wasn't going to be any big change, so we would have closed out the position.

6/30 HOS was not shorted. It opened and traded higher but then came back down. It can still be shorted if it comes down through Wednesday's low at $14.53.

6/30 LHAN0 was not shorted. It opened higher and traded higher most of the day. The lows are bouncing off the 200 day moving average. After hours it's trading down a little bit. It can still be shorted if it comes back down through the $78.50 level. That would tell us it's breaking down through the 200 day moving average.

6/30 Shorted FDO on the weakness on Wednesday. Notice how it used the T-line once again as resistance and traded lower. This can still be shorted on weakness on Thursday. Continue to use the T-line as your stop. 7/1 It should have been covered on Thursday with it opening lower and then coming back up through Wednesday's high, which was at the T-line. Now watch to buy it if it opens positive at this level.

6/25 Shorted APC on the weakness on Friday. It came up toward the top end of the trading range so it needs to open lower and trade lower on Monday to stay in it. If it opens positive and starts trading positive, close it out. 6/28 It traded up a little bit but didn't do anything to change the downtrend. Continue to stay short but if it opens positive on Tuesday and trades up above Monday's high of $38.27, close out the position. That would be showing too much strength. 6/29 It opened lower. It can be shorted on any weakness on Wednesday. 6/30 It's still in a downtrend. It's showing a little strength but it's showing it in a downward direction. At this point use any trading above Wednesday's high of $37.35 as your stop. If it comes up through there, it would tell us the Bulls are finally taking control. 7/1 It should have been covered on Thursday on the positive open. Notice all the Doji signals at this level. On Wednesday it formed an Inverted Hammer and opened positive on Thursday with the stochastics in the oversold area coming back up. There's too much indication that someone is buying at this level for us to stay short.

6/23 Shorted PXP on the weakness on Wednesday. It closed as a Doji. If it opens weaker on Thursday, be ready to short it aggressively. We don't want to see it close above the T-line. 6/24 It formed a Doji on Wednesday followed by a weaker open on Thursday. Stay short. 6/25 It formed a Bullish Harami. It needs to open lower and trade lower to stay in it. If it opens positive, close out the position. 6/28 It continued its downtrend. Continue to stay short. 6/29 It's heading for the support level. Stay short and use any trading above Tuesday's open of $20.43 as your stop. 6/30 It bounced up but didn't form a reversal signal. Still use the T-line as your stop. 7/1 It should have been closed on Thursday. On Wednesday it traded up and on Thursday it traded down but came back up and closed as a Doji. It's showing too much strength for us to want to stay short in the position.

6/21 Bought NG. It opened and immediately started selling off. It should have been closed by the end of the day. However, keep watching for a positive open and positive trading. If it does, you will want to be a buyer.

6/21 EGO was not bought. It opened and immediately started selling off. When you see a gap up, you want to see positive trading immediately afterwards. If it starts trading off, you want to wait until the selling stops and the buying comes back in again.

6/18 Bought GAP on Friday on the slightly positive trading. It can still be bought as long as it stays up above the T-line. It can still be bought on positive trading from here. Use the T-line as your stop. 6/21 It closed below the T-line and should have been closed out. If you didn't close it out, it needs to open positive and trade positive to stay in it. If it opens weaker, close it out immediately.

6/14 Bought XIDE. It held up well. It can still be bought on a positive open on Tuesday. 6/15 It moved up well on Tuesday. Continue to hold and use the T-line as your stop. 6/16 It consolidated but didn't do anything to change its direction. At this point use a close below Wednesday's low of $5.80 as your stop. It needs to close above that level to stay positive. 6/17 It did some backing and filling on Thursday but the direction didn't change. However, if it opens lower on Friday, you may want to take some profits. 6/18 It has pulled back. Obviously, it used the T-line as support. Continue to hold but if it closes below the T-line, come out of the position. 6/21 It needed to open positive and trade positive. It should have been closed out when it closed below the T-line.

6/8 Bought FE on Tuesday on the positive trading. Continue to hold with the anticipation that it will come up and test the 50 day moving average. If it breaks through the 50 day moving average, it has a lot of running room. 6/9 It backed off on Wednesday. If it opens lower on Thursday, it tells us the downtrending channel is still in progress. It needs to open higher and trade higher to stay in it. 6/10 It has come up to the 50 day moving average. It's not backing away but it needs to open positive to break through. If it starts backing off, you might want to take some profits for the next day or two. 6/14 It came up through the 50 day moving average. Continue to hold. Use the T-line as your stop. 6/15 It moved up further away from the 50 day moving average. Continue to hold. Look for profit-taking pretty soon. 6/16 It continues to move higher. Continue to hold. It's still in a strong uptrend. 6/17 It's still an uptrend. Continue to hold. 6/18 It didn't do anything on Friday to change its upward direction. Use the T-line as your stop. 6/21 It should have been closed out on Monday because it traded back down through the open after moving up higher earlier in the day. It was a good distance above the T-line but closed just above it. This would've been a good place to take profits. It can always be bought back if it starts forming a J-Hook pattern to the upside.

6/18 Bought BPI on the positive trading on Friday. It can still be bought if it opens above the 20 day moving average on Monday. 6/21 It backed off on Monday. It formed a Bearish Engulfing signal but it's not anywhere near the overbought conditions. Continue to hold as long as it stays above the T-line. 6/22 It should have been closed as it came down through the T-line. After the Bearish Engulfing signal it needed to open positive and trade positive to stay in it.

6/17 Bought CRNT on the positive open. Last night it appeared that it was going to gap up, which meant it should have been bought immediately. It held up pretty well. It can still be bought if it opens positive on Friday. 6/18 It consolidated but didn't do anything that told us the trend was over with. We're still seeing gap ups. Still use the T-line as your stop. 6/21 It backed off but didn't close below the T-line. It needs to stay above the T-line to stay in it. 6/22 It closed right on the T-line. This is a case where, if you see the market going lower and the stock is right on a support level, close out at least part of the position. This should have been closed out on Tuesday with the idea that it can be bought back if the market turns and the stock starts heading back up again.

6/16 Bought TPC as it traded positive on Wednesday. It can still be bought. It formed one of the strongest signals you will ever see, a Cradle pattern with a Doji gap up coming out of the oversold area. Buy this one all the way up to the 200 day moving average. 6/17 It consolidated and can still be bought aggressively on a positive open on Friday. It's showing a very strong chart with a Cradle pattern. 6/18 It consolidated nicely but closed slightly higher on Friday. Continue to hold and buy aggressively if it comes up through the 20 day moving average. 6/21 It backed off. It needs to open positive and trade positive to stay in it. We don't want to see it trade at all below the T-line. 6/22 It should have been closed out during the day as it came down through the T-line.

6/15 Bought CPE on the positive trading on Tuesday. Notice the Pennant formation and the breakout. The anticipated target is at the recent high levels. Continue to hold and use the T-line as your stop. 6/16 It's continuing to move up nicely out of the Fry Pan Bottom. Continue to hold. 6/17 It still moved up nicely on Thursday. Continue to hold as long as it stays above the T-line. It's doing a nice Pennant breakout. 6/18 It backed off. Come out of the position if it opens weaker on Monday. It needs to have a good strong move to the upside for us to stay in it. 6/21 It came back to the T-line. It needs to trade positive and show us a J-Hook type pattern. If it closes below the T-line, close out the position. 6/22 It should have been closed out as it closed below the T-line.

6/14 Bought IOC on the positive trading. It came back down at the end of the day but didn't show anything that indicated a change of investor sentiment. It needs to open higher and trade higher for us to stay in it. It shouldn't trade at all below the halfway point of Friday's bullish candle. 6/15 It needed to open positive and trade positive to stay in it, which it did. Continue to hold. 6/16 We have reiterated this as a buy if it opens positive on Thursday. 6/17 This would not have been bought again. It came back down and tested the T-line. Be ready to buy this if it comes back up through Thursday's high of $55.45. Continue to hold your previous position as long as it doesn't close below the T-line. 6/18 It has drifted back down to test the T-line. If it opens positive, it can be bought aggressively. Use the T-line has your stop. 6/21 It needs to open positive and trade positive to stay in it. Close out the position on any weaker trading on Tuesday. 6/22 It should have been closed out as soon as it came down through the T-line. After opening higher and selling down through that level, it was obvious the Bears were in control.

6/9 Bought EXXI. It had a good day. Even though the market backed off, it held up well on Wednesday. Continue to hold. 6/10 It's still moving a nice upward direction. Anticipate that the 50 day moving average will be the next target. Use a close below Friday's open. It shouldn't close back below that level if it's in an uptrend. 6/14 It came up and tested the 50 day moving average and backed off. It needs to open higher and trade higher. Use Monday's low of $16.50 as your stop. If it comes down through that level, it will probably come back to test the T-line. 6/15 It's still pushing on the 50 day moving average. If it breaks through the 50 day moving average, be a buyer. 6/16 It has been butting its head on the 50 day moving average. If it doesn't break through on Thursday, close out the position. 6/17 It stayed above the 50 day moving average. Continue to hold as long as it doesn't close below the 50 day moving average or the T-line. 6/18 It's in a nice steady uptrend. Continue to hold. 6/21 It gapped open with the positive overall market on Monday. We would have taken half the position off when the market hit the 50 day moving average in the Dow. If it opens lower on Tuesday, close out the position. Then wait to see if it will support on the 50 day moving average or the T-line. 6/22 Some of the position was closed out on Monday when the Dow hit the 50 day moving average and failed. This stock formed a Doji on Monday, opened higher on Tuesday, and should have been closed out as it came down through Monday's low. That told us immediately that the Bears were in control and the stock would probably come back down to the 50 day moving average and the T-line. Now wait to see if it will form a J-Hook type pattern. It can always be bought back.

6/23 Bought MELA. It had a fairly strong day right up until the close. It came back down and closed just below the halfway point of Tuesday's bullish candle and should have been closed out. If you didn't close it out on Wednesday, close it out on a lower open on Thursday. It needs to open positive and trade positive to stay in it.

6/23 ABFS was not shorted. It opened positive and traded positive. It can still be shorted if it comes back down through the $19.90 level.

6/22 Bought SORL on the positive trading but it closed just below the 50 day moving average. It needed to break out. If you still own it, follow a simple process. It needs to open positive and trade positive to stay in it. If it opens weaker, it's still caught in the trend channel and you should get out of the position immediately. 6/23 It's still trying to break out. Continue to hold and use the T-line as your stop. 6/24 It should have been closed out on Thursday as it closed below the T-line.

6/22 Bought SBGI. It held up well but it needed to break out through the upper trend channel. If it opens lower on Wednesday, close out the position. It needs to open positive and break out. 6/23 It used the 50 day moving average as a support level. It can still be bought if it opens positive. We're waiting for it to break out through the recent high levels. 6/24 It closed right on the T-line and should have been closed out on Thursday. It can always be bought back if it opens positive on Friday.

6/21 Bought BEAT on the positive open. It came back but didn't do anything to change the breakout from the downward trajectory. We don't want to see it close back below the T-line, which would be more than halfway down the previous bullish candle. 6/22 It held up reasonably well on Tuesday. Continue to hold as long as it stays above the T-line. 6/23 It stayed up above the T-line but it's getting a little bit toppy at this level. It needs to stay above the T-line and trade positive on Thursday to stay in it. 6/24 It should have been closed out as it closed below the T-line on Thursday.

6/18 Shorted TOL on weakness. However, it did come back up toward the top of the trading range. If you shorted this one, be ready to cover it on a positive trading on Monday. That may tell us the recent low levels are the bottom. 6/21 Even though it opened higher, it immediately started trading off. Stay short. 6/22 Continue to stay short. It's still in a downtrend in the bearish J-Hook pattern. 6/23 It came up a little bit. It needs to open lower and trade lower to stay in it. If it opens positive on Thursday, close out the position and then put a buy stop at the halfway point of the Harami candle. If it comes back down through there, you will want to re-short it. 6/24 It should have been covered on Thursday when it opened positive. However, it traded off near the close. If it opens lower on Friday, it can be re-shorted.

6/10 BGZ was not bought because the markets opened up strong on Friday. As a matter of fact, we would have also closed any positions we had on the gap down open.

6/10 TZA was not bought because the markets opened up strong on Friday. As a matter of fact, we would have also closed any positions we had on the gap down open.

6/9 Shorted ATW on the weakness on Wednesday. It came back up and consolidated much higher but closed at the lower end of its trading range. If it opens lower on Thursday, we will definitely want to be shorting it. Wave three to the downside could be starting. 6/10 It should have been closed out on the gap up open after the Doji. For us to stay short it needed to open lower and trade lower. The gap down told us we were at the bottom of the downtrend. This can now be bought on positive trading on Monday.

6/9 Shorted SEED. It came all the way up to test the 50 day moving average and then backed off. If it opens weaker on Thursday, we would definitely want to be shorting it. 6/10 It needed to open lower and trade lower to stay in it. With the strength being shown in the premarket futures and the gap up, it should have been closed immediately.

6/14 Bought SQNM. It needed to break out through the recent high levels on Monday, but didn't. It closed as a Dark Cloud signal and should have been closed out at the end of the day.

6/10 Bought PXP. Continue to hold and use the T-line as your stop. 6/14 It should have been closed out as it closed more than halfway down Friday's bullish candle and after we saw the markets starting to back off. If you still own it, it needs to open higher and trade higher immediately to continue holding it.

6/8 Shorted TNDM. It can still be shorted on weakness. As long as it doesn't move up through the T-line, it can be shorted. It could have a big breakdown. 6/9 It opened higher but traded down. Stay short. We're still looking for a Dumpling Top breakdown. Stay short and use the T-line as your stop. 6/10 Even though it traded up slightly on Friday, it isn't doing anything significant yet. However, we would use a positive open on Monday to close it out. That would show too much evidence that it wasn't going to move down after the Dumpling Top. Be ready to close it out on any positive trading on Monday. 6/14 If you stopped out of this on the open on Monday, it can be re-shorted if it opens weaker on Tuesday.

6/7 Shorted ATHN on the weakness. However, notice it formed a Doji right at the support level. If it opens weaker on Tuesday it can be shorted because it will have broken through a support level and will be moving in the direction of how it opened after the Doji. 6/8 It should be covered on a positive open on Wednesday. That would tell us the recent low levels were acting as support. 6/9 It failed at the T-line. The fact that it started selling off right after the open should've kept you in this one. Now you can be shorting it on weakness on Thursday. 6/10 It traded positive. If it opens positive on Monday, close out the position immediately. 6/14 If you stopped out of this on the open on Monday, it can be re-shorted if it opens weaker on Tuesday.

6/15 PBR was not shorted after seeing that the markets were extremely strong.

6/16 RDN was not bought. If you owned it previously, continue to hold. If you're looking to buy it, it can be bought when it comes up through the 34 day moving average.

6/16 VRGY was not bought on Wednesday but it's still in a very strong Cradle type pattern. Be ready to buy this if it comes up through the $10.25 level on Thursday.

6/17 CAGC was not bought but it can still be bought if it comes back up through the $13.65 level.

6/17 LHAN0 was not bought but can be bought if it comes up through $80.90 on Friday.

6/14 Bought SBAN0 on the positive trading on Monday. Continue to hold. We're anticipating that it will eventually move up to the 200 day moving average. 6/15 It continued to move up. Continue to hold. It's getting into the overbought area so expect some profit-taking. 6/16 Be ready to close this if it opens lower on Thursday. Put a stop at Wednesday's low of $15.91. If it comes down below that level, you'll want to be out of it. 6/17 It should have been closed out on Thursday. After Wednesday's Doji and lower trading on Thursday it ultimately should've been closed out as it went below Wednesday's low. Actually, it could have been closed out at any time as it was trading down.

6/9 Bought BIOS on the positive trading on Wednesday after the Kicker type signal up through the T-line. It told us a new force was coming in. This is a very simple trade on Thursday. If it opens positive, it can be bought immediately. 6/10 It's still moving in the right direction after the Kicker type signal. Continue to hold. 6/14 It's still in a nice steady uptrend. Continue to hold. It formed a Doji on Monday. If it opens positive on Tuesday, it can be bought. 6/15 It consolidated but did it in a very indecisive manner. If it opens positive on Wednesday, it can still be bought. 6/16 It can be bought on positive trading. It's using the T-line as support and when it pulls back its doing it indecisively. If it opens positive on Thursday, there is a trade all the way up to the 200 day and 50 day moving averages. 6/17 It should have been closed out on Thursday as it closed back below the T-line.

6/4 LULU was not bought. It opened lower and traded down on Friday.

6/4 CPWM was not bought. Even though it traded up for a while, the market was down too heavy to warrant buying this stock on Friday.

6/3 Bought PXP on the positive trading on Thursday even though it formed a Doji just above the T-line. If it opens positive on Friday, be a buyer. 6/4 It should have been closed when it closed below the T-line. It didn't have a decisive trading day so keep this one on your watch list. If it opens positive and starts trading back up, it can be bought again.

6/2 Bought EGO. With the bullish trading coming into the markets after the lower open Wednesday morning, this could have been bought as it came up through our buy point. This can still be bought on positive trading on Thursday. 6/3 It consolidated on Thursday. If it opens lower on Friday, close out the position. It looks like the metals are starting to get weak. 6/4 It was closed out as it closed below the T-line after a Hanging Man signal.

6/2 Bought RBCN. It opened positive on Wednesday and closed on its high. It can still be bought on positive trading, which means it would be breaking out through the upper trend level. 6/3 It formed a Bearish Engulfing signal after a Hanging Man signal. It needs to open higher and trade higher to stay in it. If it opens lower and trades lower, close out the position. That would mean it's stuck in the Pennant formation. 6/4 It should have been closed out immediately with the lower open after a Bearish Engulfing signal in a weak market.

6/2 Bought SEED but it was fairly weak. If you bought it on Wednesday, hang onto it. But if it shows weakness on Thursday, close out the position. After a strong day in the Dow on Wednesday, this should have shown more strength. It needs to open higher and trade higher to stay in it. 6/3 It moved up nicely on Thursday. If it opens positive on Friday, it can be bought. 6/4 It should have been closed out as it closed below the T-line. Now it can be shorted if it opens weaker on Monday.

6/7 Bought CMED on the positive trading but it should have been closed out as it closed lower. It didn't form a true sell signal but with the market trading off hard it was better to close out the position and wait to see what the market does on Tuesday. There is a possibility that it will move back down to the T-line. At that point the T-line may act as support.

6/3 Bought WPRT on Thursday. Notice that it came back down and consolidated all the way to the T-line and then moved back up. If it opens positive, especially if it opens above Thursday's high of $17.56, it can be bought immediately. 6/4 It held up reasonably well. It's touching the 50 day moving average. It didn't trade off very much considering the type of trading day we had on Friday. Continue to hold and use a close below the T-line as your stop. 6/7 It should have been closed on Monday on the final weakness. Notice that it failed at the 50 day moving average and closed just below the T-line.

6/3 Bought HUSA on positive trading on Thursday. Notice that it used the T-line as support. If it opens positive on Friday, it can be bought immediately. 6/4 It stayed above the T-line. Be careful of the volume. 6/7 It formed a Bearish Engulfing signal and closed below the T-line. It should have been closed.

6/8 IOC was not shorted. Now it's to the point where if it opens positive on Wednesday, you might want to be a buyer.

6/9 DXAM0 was not bought. We were going to buy it if it opened positive after the two Doji signals but it didn't. It opened lower and traded down. It can still be bought if it moves back up above the previous Doji signals.

6/7 Shorted PEI as it came down $13 on Monday. Look for it to come all the way down to the 200 day moving average. 6/8 Continue to stay short. We don't want to see it trade up above Tuesday's high at $12.72. Use that as your stop. It should open lower and trade lower and head for the 200 day moving average. 6/9 If you closed it out on the positive trading, you will probably want to re-short it on a weaker open on Thursday. If it fails at the T-line and can't get up above it, stay short with the anticipation that the 200 day moving average will be the next target.

6/1 MBI was not bought because it opened weaker and the markets also opened weaker. It needed to open positive and trade positive. It did come down and closed right on the T-line so keep an eye on it for a little J-Hook pattern set-up.

6/1 SWM was not bought. It opened weaker and traded down to the 50 day moving average.

6/1 ARQL was not bought. But notice that it came right down to the 50 day moving average. Watch the Pennant formation.


 

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