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Steve's Trading Diary - March 2006

3/10 Bought SFCC on the positive open on Friday as it was completing its potential Scoop pattern as well as an Island Reversal. Continue to hold. 3/13 it's still in an uptrend, continue to hold. Use a close below $21.70 as your stop. 3/14 it's still consolidating. It needs to see a pop out through the descending trend line very quickly to start moving in an upward direction. 3/15 it traded slightly higher trying to get above the downward trend line. Look for a nice pop to the upside very soon. 3/16 it had a positive day. It now looks like it's up above the descending trend line, continue to hold. 3/17 it moved higher, continue to hold. 3/20 it's still moving up off of the Island Reversal, continue to hold. 3/21 it formed a Hanging Man-type signal. This one needs to open higher and stay higher on Wednesday. Otherwise, it may be time to start taking some profits. 3/22 it's still in a nice uptrend, continue to hold. 3/23 it's still moving higher, continue to hold. 3/24 it's still in a slow uptrend. It might be getting toppy. It needs to see strength on Monday. Use any trading below $24 as a stop. 3/27 it's still in a nice uptrend, continue to hold. 3/28 it backed off a little bit on Tuesday. Close this position out on any trading below $24.10. This one should open flat and move higher to continue to stay in the position. 3/29 it opened higher and moved higher, continue to hold. 3/30 it's still in a very slow uptrend. The stochastics are rolling over but the price isn't moving down, which means it could be setting up for the next leg to the upside. 3/31 it backed off a little bit on Friday. Be ready to close this one out on a close below the $24 range. 4/3 although it traded slightly higher on Monday, it needs to see strength to continue the uptrend. Otherwise, it's time to come out of the position. 4/4 it traded lower. Be ready to close this position on weakness on Wednesday. 4/5 it had a strong day. It looks like the stochastics are starting to curl back up, continue to hold. Now use a close below $24 as your stop. 4/6 it pulled back a little bit but it looks like the trajectory is trying to move up. We're looking for the stochastics to start curling back up. 4/7 it needs to see a bullish day. Otherwise it will come back and test the 50 day moving average before it's able to bounce up. 4/10 it formed a bullish Harami. Look for it to trade higher. Notice that the stochastics have pulled back but the price has pulled back very mildly. 4/11 it came back and touched the 50 day moving average with the stochastics moving into the oversold area. Be ready to buy this one on strength. 4/12 it closed right at the 50 day moving average. This one needs to open higher and trade higher immediately. The stochastics are in the oversold area. Look to buy on strength. 4/13 it did a Doji-type day right at the 50 day moving average. Look for it to move higher from this level. 4/17 it's trading right at the 50 day moving average with stochastics in the oversold area, be ready to buy on strength. 4/18 if this one doesn't show a bullish signal on Wednesday, close out the position. 4/19 it formed a little star signal in the oversold area. Be ready to start buying it aggressively on a positive open. 4/20 buy this aggressively on a positive open. 4/21 close out the position if the end-of-day trading stays below the below 50 day moving average of $23.28. 4/24 close it out on a lower open. 4/25 you can buy this on strength. 4/26, 4/27 continue to hold. 4/28 it's holding at the 50 day moving average, continue to hold. 5/1 it closed below the 50 day moving average. If this one opens lower on Tuesday, close out the position. 5/2 it formed a Doji. It needs to open higher and trade higher on Wednesday to stay in this position. If you closed it out, be ready to buy it back on strength on Wednesday. 5/3 it traded higher on Wednesday, continue to hold. 5/4 it traded lower after a strong day on Wednesday but stayed above the 50 day moving average. Look for it to break out to the upside. 5/5 it's riding on the 50 day moving average. It needs to see a pop to the upside. 5/8 it's still maintaining at the 50 day moving average. It needs to break out to the upside pretty soon. It's forming a Fry Pan Bottom. 5/9 it moved up off the 50 day moving average. Look for it to start forming a Fry Pan Bottom breakout from here. 5/10 this one gapped down. There is nothing that will salvage this one. Close out the position immediately.

The stochastics are in the oversold area. Look to buy on strength. 4/13 it did a Doji-type day right at the 50 day moving average. Look for it to move higher from this level. 4/17 it's trading right at the 50 day moving average with stochastics in the oversold area, be ready to buy on strength. 4/18 if this one doesn't show a bullish signal on Wednesday, close out the position. 4/19 it formed a little star signal in the oversold area. Be ready to start buying it aggressively on a positive open. 4/20 buy this aggressively on a positive open. 4/21 close out the position if the end-of-day trading stays below the below 50 day moving average of $23.28. 4/24 close it out on a lower open. 4/25 you can buy this on strength. 4/26, 4/27 continue to hold. 4/28 it's holding at the 50 day moving average, continue to hold. 5/1 it closed below the 50 day moving average. If this one opens lower on Tuesday, close out the position. 5/2 it formed a Doji. It needs to open higher and trade higher on Wednesday to stay in this position. If you closed it out, be ready to buy it back on strength on Wednesday. 5/3 it traded higher on Wednesday, continue to hold. 5/4 it traded lower after a strong day on Wednesday but stayed above the 50 day moving average. Look for it to break out to the upside. 5/5 it's riding on the 50 day moving average. It needs to see a pop to the upside. 5/8 it's still maintaining at the 50 day moving average. It needs to break out to the upside pretty soon. It's forming a Fry Pan Bottom. 5/9 it moved up off the 50 day moving average. Look for it to start forming a Fry Pan Bottom breakout from here. 5/10 this one gapped down. There is nothing that will salvage this one. Close out the position immediately.

3/22 Bought ENER on the positive open Wednesday morning. Stay long in this position. 3/23 it still moved up slightly, continue to hold. 3/24 it backed off but the upward trajectory didn't change. Anticipate a day of consolidation before it can start moving back up. It's still coming out of the Cradle pattern. 3/27 it's still slowly moving up. Even though it consolidated on Monday, it closed a little bit higher. Look for it to move higher after the Cradle pattern. 3/28 it continued higher, forming a little Morning Star signal. Anticipate that it will move up through the 50 day moving average and eventually test the $55 level. 3/29 it had a strong day coming up through the 50 day moving average. Look for it to eventually test the $55 level. 3/30 it consolidated but didn't do anything to change the upward direction. The stop loss should be raised to a close below $47.40. 3/31 it moved up nicely. If it can break out through the $50 area, it should go to $55 relatively quickly. 4/3 it showed some sloppiness on Monday. This one needs to trade positive on Tuesday to continue to hold. Be ready to close it out on any close below Monday's low of $47.12. 4/4 it traded off ,down to the 50 day moving average, but came back up and closed above our stop. Look for it to continue to move higher. 4/5 it backed off and touched the 50 day moving average one more time. This needs to see immediate buying on Thursday to continue to hold. Otherwise, a close below $46 warrants closing out the position. 4/6 look for it to re-test the $50 level and move higher, continue to hold. 4/7 it needs to see a positive day. It's starting to trade sideways. If it doesn't see a bullish day on Monday, close out the position and wait for the next buy signal. 4/10 it came back and hit the 50 day moving average and closed right at that level. If this doesn't hold up in the next day or so, close out the position. 4/11 it hovered right on the 50 day moving average. If it doesn't hold at the 50 day moving average, close out the position. 4/12 be ready to buy this aggressively on strength. It bounced right back up off the 50 day moving average. 4/13 it consolidated after its bounce but formed a Hammer-type signal. Look for it to trade higher over the next couple of days. 4/17 this one moved up nicely, continue to hold. Now look for a $55 to $57 target. This one can still be used as an option trade. 4/18 it consolidated but is still in an utprend, continue to hold. 4/19 it moved up nicely. It is forming a nice Rounded Bottom. Look for it to eventually break out through the $56 range. 4/20 it consolidated but the uptrend hasn't changed, continue to hold. 4/21 continue to hold but move the stop loss to $51. 4/24 continue to hold. 4/25 use a close below $51 as your stop. 4/26 it should have been stopped out.

3/23 Bought CNTF. It traded lower most of the day but it wasn't anything to change the upward direction. If you bought it, continue to hold. Be ready to buy it on any trading coming up through $13.37. 3/24 it consolidated but anticipate some strength over the next day or so, moving it up through $14 area. 3/27 it's still in an uptrend after the gap up from the Belt Hold signal, continue to hold. 3/28 it's still trading up after the Belt Hold signal, continue to hold. 3/29 it's still trading slowly higher after the Belt Hold signal, continue to hold. 3/30 it's still in a nice slow uptrend, continue to hold. 3/31 it broke out through the 50 day moving average, continue to hold. Now use a close below $13.50 as your stop. 4/3 it's still moving up strong, continue to hold. Now use a close below Monday's open of $14.55 as your stop. 4/4 it came back down and tested the 50 day moving average. Be ready to close this one out on any trading below $14.10. 4/5 it closed right on the 200 day moving average. This needs to see strength on Thursday to stay above the moving averages. Use a close below Wednesday's low of $13.63 as your stop. 4/6 it consolidated one more day right near the 200 day moving average. It still stayed above $13.63, continue to hold. Use a close below $13.63 as your stop. 4/7 it's bouncing up nicely off the 50 day moving average and the 200 day moving average, continue to hold. Now use a close below Friday's open of $13.92 as your stop. 4/10 it didn't do anything significant. Continue to hold it as long as it closes above the $14 level. 4/11 it's hovering right on the 50 day moving average. If it trades below the 50 day and 200 day moving averages at around $13.95 on Wednesday, close out the position. 4/12 it's still holding above the 50 day moving average. Be ready to close this one out on any trading below $13.95. 4/13 it's bouncing up off the 50 day moving average, continue to hold. 4/17 be ready to start buying this again. It's bouncing off the 50 day moving average. Look for it to start moving higher. 4/18 it's still in a slow uptrend. Use a close below Tuesday's low of $14.31 as your stop. 4/19 it's still in a slow uptrend, continue to hold. 4/20 it's getting a little bit uninteresting. Be ready to close this out if it trades anywhere below $14.50 on Friday. It needs to open higher and trade higher.4/21 it traded below our stop loss and should have been closed out.

3/31 Bought AEOS on the initial strength. It traded up and closed at a new recent high, continue to hold. Anticipate more upside movement now that it is in a new trading area. 4/3 it traded off on Monday. If it wasn't stopped out on Monday, it should be stopped out on any weak trading on Tuesday. It needs to at least open flat and start trading higher on Tuesday to continue to hold. 4/4 it opened higher on Tuesday, continue to hold. 4/5 it opened lower but immediately started moving back up, continue to hold. It's still in an uptrend after the Kicker-type signal from the other day. 4/6 it had a nice big move to the upside, continue to hold. 4/7 it didn't form any sell signals. It might be getting toppy but continue to hold it until a sell signal is evident. 4/10 give it one more day. It needs to see a positive day on Tuesday to continue the uptrend. Close it out on a weak close on Tuesday. 4/11 this one should have been closed out on the weaker trading on Tuesday.

3/29 Bought SNTS on the positive open. It formed a Doji on Wednesday which is not unusual after a bullish signal. Be prepared to buy it aggressively again on a positive open on Thursday. 3/30 it did a Doji-type day. Continue to hold, it should still move higher. 3/31 it had a good strong day, continue to hold. 4/3 it continued to move higher, continue to hold. 4/4 it's still moving higher, continue to hold. 4/5 it formed a Hanging Man-type signal in the overbought area. It needs to open higher and move through the highs of late February to continue to hold. Now use a close below Wednesday's low of $7.90 as your stop. 4/6 it moved into new high territory, continue to hold. It formed a Hanging man-type signal. Now use a close below $8 as your stop. 4/7 it formed another little Hanging Man. Still use a close below $8 as your stop. 4/10 it backed off on Monday. It closed right above our stop. Be ready to close this one out on a close below $8 or any trading below Monday's low of $7.82. 4/11 this one should have been closed out on the trading below $7.82. However, be prepared to buy it on strength off of the Hammer-type signal that occurred on Tuesday.

3/23 Bought ENWV on the positive open. Even though it didn't do very much on Thursday, anticipate that it will move to a breakout level. It still has upside potential in the stochastics, continue to hold. 3/24 it broke out into a new high area, continue to hold. Anticipate that we should now be in a breakout situation. Use a close below $13.50 as your stop. 3/27 it moved up higher. It's now in the "no man's area". Look for it to break out to the upside with some good strength. 3/28 it formed a Bearish Engulfing signal. It either needs to form a Doji or open higher and trade higher to continue to hold. If it opens lower and starts trading lower, close out the position. 3/29 it formed a Doji/Harami on Wednesday which may mean that the selling has stopped. Look for more upside movement. 3/30 it's still in a slow uptrend. It's consolidating but hasn't come down through the low of the big Bearish Engulfing signal, continue to hold. 3/31 it's still trading in a slow uptrend, continue to hold. We're looking for a strong breakout in this stock. 4/3 it looks like it's failing. If it starts trading lower on Tuesday, close out the position. 4/4 it came back up, continue to hold. Now use a close below Tuesday's low of $13.76 as your stop. 4/5 it's trying to form a J-Hook pattern, continue to hold. Use a close below the $13.90 level as your stop. 4/6 it's still looks like it's trying to form a J-Hook pattern. Still use a close below the $13.90 level as your stop. 4/7 it hasn't shown any signs of weakness. Still use a close below the $13.90 level as your stop. 4/10 it's trying to form a J-Hook pattern. Continue to use your stop at the $13.90 level. 4/11 it traded lower. This one closed below $13.90. It should have been stopped out.

3/21 Bought DTPI on the initial morning strength but it needs to trade sideways or better on Wednesday to continue to hold. 3/22 it consolidated again on Wednesday and came back up to the top end of the trading range. Look for positive trading. Now use a close below Wednesday's low of $10.23 as your stop. 3/23 it consolidated but is doing it with a Hammer-type signal. Be prepared to buy this on strength on Friday. 3/24 it consolidated but came back up and closed near the high end of the trading range. Still anticipate a breakout to the upside. 3/27 it has pulled back but it's doing it with Hammer and Doji signals. Look for another break to the upside. Use a close below Monday's low of $10.25 as your stop. 3/28 it's still forming Doji signals. Anticipate that it will move higher from here. Still use a close below $10.25 as your stop. 3/29 it moved back up. This one should be bought aggressively on strength. 3/30 be prepared for a breakout to the upside. Be ready to buy on strength. 3/31 it's still trying to break to the upside, continue to hold. 4/3 it's trading sideways. Use a close below the $10.50 level at this point as your stop. This needs to trade higher on Tuesday or it's time to get out of the position. 4/4 it broke out to the upside but formed a Shooting Star signal. Now use any trading below $10.60 as your stop. 4/5 it's starting to break out to the upside, continue to hold. 4/6 even though it's getting a little bit toppy, it's still in an uptrend. Continue to hold. 4/7 it's starting to show some toppiness. Use a close below $10.60 as your stop. 4/10 it's getting a little bit toppy. Still use a close below the $10.60 level as your stop. 4/11 this one should have been closed out on the weak close on Tuesday.

3/28 Bought IO as it came up through Monday's close. It moved higher and is now forming a J-Hook pattern. This one should still work out fairly well, continue to hold. 3/29 it did a Doji-type day but it's still in an uptrend. Look for it to move higher on Thursday. Use a close below the $9.55 level as your stop. 3/30 it formed a Bearish Engulfing signal but didn't show any conclusive selling. Still use a close below the $9.55 level as your stop. 3/31, 4/3, 4/4 it's still in a slow uptrend, continue to hold. 4/5 it's still in an uptrend, continue to hold. 4/6 it's still in a good strong uptrend, continue to hold. 4/7 it formed an Evening Star signal. If it closes below Friday's low of $9.91, close out the position. 4/10 it formed a bullish Harami. Now use a close below $10 as your stop. 4/11 it formed another Bearish Engulfing signal. Be ready to close this one out on any trading below $9.89 on Wednesday. This one needs to open higher and at least trade flat or a little higher on the day. 4/12 it should have been closed out on the weaker open. It traded below our stop.

3/27 Bought TWTC on the open. It gapped up and is now confirming a J Hook pattern. Look for it to move higher. 3/28 it moved up strong, continue to hold. 3/29 it had a Hanging Man-type day. Be prepared to close this one out if it closes below Wednesday's low of $17.19. 3/30 it almost closed below our stop. Still use a close below $17.19 as your stop. 3/31 it consolidated and had a bullish Harami day on Friday, continue to hold. 4/3 it's still consolidating. Now use a close below $17 as your stop. 4/4 it's still trading flat. Continue to use a close below $17 as your stop. 4/5 it's trying to form a J-Hook-type pattern. Be prepared to buy on strength. Still use a close below the $17 level as your stop. 4/6 it's trying to form a J-Hook pattern. It needs to open higher. Still use a close below $17 as your stop. 4/7 this one should have been closed out as it closed below $17.

 3/30 Bought ARNA on the positive trading on Thursday. It formed a slight Doji, continue to hold. Anticipate that this will move much higher, bouncing off the 50 day moving average. 3/31 it backed off severely on Friday with the stochastics still moving in an upward direction. Give it another day. We need to see a Doji-type day and then more upside movement. 4/3 it came back down through the 50 day moving average. This one should be closed out if it trades lower on Tuesday. This one needs to open higher and instantly move higher. 4/4 this one should have been closed out.

3/30 Bought ECLP on the positive open. It backed off a little bit on Thursday but continue to hold. As long as it stays above the 50 day moving average, it should be a strong trade. Use a close below the 50 day moving average as your stop. 3/31 it opened higher. Be prepared to buy on strength again. 4/3 it didn't so what it was supposed to. This one didn't stay above the 50 day moving average. Be ready to close this one on weakness on Tuesday. 4/4 it should have been closed out.

3/29 Bought EOP. It gapped up and traded lower. If you bought it on the open, continue to hold. It's in the process of forming a J-Hook pattern. 3/30 it backed off some more on Thursday but formed a Spinning Top. This one needs to open and at least trade flat or slightly positive on Friday to continue to hold. 3/31 it did a Doji day. It needs to have a positive open on Monday and move back up to continue to hold. A weak day on Monday would warrant closing out the position. 4/3 this one should have been closed out on Monday on the weakness but it traded up most of the day. If you still own it, be ready ot close it out on weakness on Tuesday. 4/4 it should have been closed out.

3/15 Bought ARM on the strength on Wednesday after the Cradle pattern formation. Continue to hold and use a close below the $14.70 level as your stop. 3/16 it tested the 50 day moving average and sold back off but it didn't change the upward direction, continue to stay long. 3/17 it didn't close below our $14.70 stop. It pulled back. It needs to open higher and continue to trade higher to stay in the position. 3/20 it's still moving in an upward direction, continue to hold. 3/21 it's trying to climb back up. Be ready to close this one out on weakness on Wednesday. It would be telling us that the buyers are fizzling out. 3/22 it tested the 50 day moving average. Look for it to break through that level. 3/23 it apparently has failed the 50 day moving average, forming a bearish Harami. If this doesn't open relatively flat and immediately move higher, close out the position. 3/24 it's getting a little bit toppy. It needs to open higher on Monday and start moving through the 50 day moving average at the $15.50 level. Give it another day or so. 3/27 it's still in a slow uptrend, continue to hold. 3/28 it should be closed out on Wednesday on any weakness. 3/29 it gapped up and traded at the top of Tuesday's trading range, continue to hold. Now use a close below $15 as your stop. 3/30 it's getting sloppy. Be ready to close this one out if it doesn't close above Thursday's high of $15.29. 3/31 it should have been closed out on the weakness.

3/27 Bought CAAS on the positive open. Continue to hold it even though it came back down and closed near the lower end of the trading range. Buy it aggressively if it opens higher on Tuesday. 3/28 it backed off on Tuesday but the upward trajectory of the stochastics hasn't changed. If it opens lower and starts trading lower, close out the position. This one needs to open flat and start moving higher. 3/29 it traded lower most of the day but closed near the top end of the trading range. Look for it to move higher. 3/30 it needs to hold at the 50 day moving average, continue to hold. 3/31 it came back and formed a Doji right on the 50 day moving average. It needs to open higher and start moving higher on Monday to continue to hold. Any weaker trading, especially any trading below the low of Friday, would warrant closing out the position. 4/3 it should have been stopped out on the close, which was below Friday's low.

3/21 Shorted UPL on the weakness. It had a Doji-type day, continue to stay short. Still use a close above $57.20 as your stop. 3/22 continue to stay short using a close above $57.20 as your stop. 3/23 it moved higher but backed off. It still closed below the $57.20 stop. Now close out this position on any trading above $57.70. 3/24 it was stopped out with the close above $57.70. Now look for a J-Hook pattern to form. Be prepared to buy on strength.

3/9 Bought CNQR on Thursday as it opened positive and steadily moved positive, continue to hold. 3/10 it still moved up, continue to hold. Use a close below $15.60 as your stop. 3/13 it traded strong on Monday, continue to hold. 3/14 it didn't close below our $15.60 level, continue to hold. Even though it formed a Bearish Engulfing signal, give it one more day. If it doesn't trade higher on Wednesday, close out the position. 3/15 it opened and came right back up, which was expected. Continue to hold, this stock should be in an uptrend after a day of consolidation. 3/16 it formed a Bearish Engulfing signal. It is showing a lot of selling indications at these levels. Be ready to close this one out on any weakness on Friday. 3/17 it bounced off the 50 day moving average, continue to hold. 3/20 it broke out nicely on Monday, continue to hold. 3/21 it moved up nicely again on Tuesday, continue to hold. 3/22 it's still moving higher, continue to hold. 3/23 it formed a Doji. Be ready to take some profits if it trades below $17.50. 3/24 this one should have been closed out at $17.50.

3/17 Shorted TKLC on the lower open, continue to stay short. Anticipate a test of the $12 area. 3/20 it formed a Doji on Monday but it's nothing yet to show any strength, continue to stay short. Anticipate that it will trade lower. Now use a close above $13.70 as your stop. 3/21 it had another Spinning Top-type trading day but still expect a few more days to the downside. Continue to stay short and use a close above Tuesday's high as your stop, which would be at the $13.35 level. 3/22 it's starting to bottom out. Be prepared to cover this position if it does any trading above Wednesday's high of $13.33. 3/23 it opened lower and showed some strength. Be ready to close this one out on any trading above $13.31. 3/24 it opened lower and continued lower, continue to stay short. Now use any trading above Friday's high of $13.14 as your stop. 3/27 it formed a Bullsih Engulfing signal. This one traded above the high at $13.14. That should have been your stop point. This one is closed out.

3/21 Bought ELOS. It came back down after a strong open. If it opens weaker on Wednesday, close out the position. 3/22 it moved back higher after a weaker open. It opened a little bit weaker but opened weak into a strong market. Continue to stay long. If you got stopped out Wednesday morning, buy it back on strength. 3/23 it's still in a slow uptrend, continue to hold. We're expecting a breakout from this Fry Pan Bottom. 3/24 it's still moving upward. It's getting a little bit toppy but continue to hold. 3/27 it closed at the lower end of the trading range on Monday. This one needs to be closed out on any lower trading on Tuesday. It needs to form a bearish Harami to continue to own this stock. 3/28 this one was closed out on the lower open on Tuesday.

3/20 Bought JAS. It opened higher on a gap up. It traded up nicely for the rest of the day, continue to hold. It closed above the 50 day moving average. This is coming off a Cradle pattern. Look for it to move out above the $15.50 level. 3/21 it may have failed at the 50 day moving average. Be ready to close this one out on a close below $12.75 on Wednesday provided it doesn't form a Doji or Hammer-type signal. 3/22 it moved up nicely, continue to hold. Now use a close below $13 as your stop. 3/23 it pulled back slightly after a strong up-move, continue to hold. 3/24 it consolidated after a good strong up-move. It may see another day of consolidation but anticipate it being in an uptrend. Use a close below $13.10 as your stop. 3/27 it's consolidating but isn't backing off very much, continue to hold. 3/28 it was stopped out at the $13.10 level. Now start watching for a bullish signal to buy back in at the 50 day moving average.

3/15 Bought KEM on the strength. It closed strong going into the close, creating a possible Scoop pattern off the 50 day moving average. Look for it to break out to the upside. 3/16 it formed kind of a Dark Cloud signal on Thursday but the stochastics aren't in the overbought area yet. Continue to hold but use a close below the $8.80 level as your stop. 3/17 it moved up. We're still anticipating a breakout to the upside in the next few days. 3/20 look for a breakout to the upside. It's still forming a nice Scoop pattern. 3/21 it formed a Bearish Engulfing signal. Be ready to close this one out on any weakness on Wednesday. 3/22 it's trying to slowly move back up. Now use a close below $8.75 as your stop. If you got stopped out on the weak open, be ready to buy on strength. 3/23 it's trying to move up out of this trading range. Now use a close below $8.79 as your stop. 3/24 we are reiterating a buy recommendation on this one if it opens higher. It's doing a slow Fry Pan Bottom formation. We're looking for it to break out fairly soon. 3/27 it's still in a slow uptrend, continue to hold. But at this point, if it shows any weakness coming back down toward the 50 day moving average, close out the position. 3/28 this one should have been closed out as it closed through the moving average.

3/28 ISE was not bought. It opened lower and didn't move higher on Tuesday. Anticipate that it will come back and test the 50 day moving average. 3/29 stay away from this for now.

3/29 Shorted GES on the weakness on Wednesday. Be ready to close this one out if it shows strength where it trades more than halfway up the previous day's candle. 3/30 it was closed out on the strength early Thursday morning.

3/29 HMY was not shorted. It opened higher and traded higher all day, it would not have been shorted. 3/30 stay away from this for now.

3/24 Bought SIMO on the positive open. It pulled back but finally closed higher, continue to hold. Anticipate a move to at least the $14.40 area and then higher after that. 3/27 it consolidated but is still in an uptrend, continue to hold. 3/28 it opened lower and came right back up. Be prepared to buy this again on strength. 3/29 it traded lower. This one needs to be closed out immediately if it opens lower and starts trading lower. It needs to open higher and immediately start moving up to continue to hold this position. 3/30 it traded lower. It should have been stopped out on the lower trading on Thursday. Watch for the next buy signal.

3/17 Bought CKFR. It opened higher and stabilized. You can buy this again on strength on Monday. 3/20 it moved up nicely on Monday, continue to hold. It's coming out of a Cradle pattern. 3/21 it may be running out of steam. It came back and tested the 50 day moving average on Tuesday. Be ready to close this one out on any trading below Tuesday's low of $49.25. 3/22 it opened slightly lower. If you closed it out on Wednesday, be ready to buy it back on strength. 3/23 it consolidated but came back up to the top end of the trading range. Be ready to buy this one on strength again. 3/24 it moved up a little bit on Friday, continue to hold. 3/27 it's still in a nice uptrend, continue to hold. 3/28 it formed a Bearish Engulfing signal. If it opens lower and starts trading lower on Wednesday, close out the position. 3/29 it's still moving higher. Now use a close below the $51 range as your stop. 3/30 it formed a bearish Harami. It closed below the $51 level. This one should have been closed out.

 3/20 CBRL was not bought. It opened lower and traded lower most of the day. Do not buy this until it comes back up through Friday's open. 3/21 stay away from this for now.

3/16 Bought CTDC. It opened lower. You may have bought it as it came back up through Wednesday's close. It closed lower on Thursday. It either needs to form a Doji or have positive trading on Friday. Otherwise, close out the position on any weakness on Friday. 3/17 it consolidated. Now look for more room to the upside. 3/20 it's still consolidating. It needs to start trading higher. Use a close below $7.50 as your stop. 3/21 it's still trading flat. It looks like it's going to be trading sideways at best. Be ready to close this one out on any weakness on Wednesday. 3/22 it's now getting to the point where it's running out of steam. This should have been closed out on Wednesday.

3/13 Bought ISRG on the positive open. It traded higher most of the day. Continue to buy this and anticipate that it could move to the $112 area fairly soon. You might consider buying the options. 3/14 it had another positive day, continue to hold. 3/15 it had a very small trading day but the stochastics are still heading up. This now has the potential of a strong breakout to the upside. 3/16 it broke out to the upside nicely, continue to hold. 3/17 it had another strong day, continue to hold. Look for it to move to the $110 level fairly soon. 3/20 it had a Doji-type day but still anticipate at least one more attempt to reach the $110 level. Use a close below $102 as your stop, where it would come more than halfway down the previous candle. 3/21 it's starting to get a little bit toppy. Now use any trading below $102.75 as your stop. 3/22 it should have been stopped out on Wednesday.

3/9 Bought BEBE on the positive open. It traded up most of the day but came back and closed near the low of the day as a Doji. We're still anticipating more upside movement, continue to hold. 3/10 it moved up nicely after the Doji, confirming the Bullish Engulfing signal, continue to hold. Anticipate a test of the $20 area. 3/13 it consolidated a little bit but it didn't change the uptrend, continue to hold. 3/14 it moved up slightly, continue to hold. 3/15 it's still in a nice uptrend. Still use the $20 area as your target. 3/16 although it formed a Bearish Engulfing signal on Thursday, it did it in an uptrending condition with the stochastics still in an uptrend. Expect a bounce off the 50 day moving average and anticipate the uptrend continuing after that. 3/17 it moved back up, continue to hold. 3/20 it's running out of steam. This one needs to be closed out immediately if it opens lower on Tuesday. 3/21 it bounced off the 50 day moving average again on Tuesday. It needs to see strength on Wednesday to continue to hold. Use a close below Tuesday's low of $17.59 as your stop. 3/22 it traded below the 50 day moving average. This one should have been stopped out.

3/22 Shorted BMHC. It opened lower and traded a little bit higher. Continue to stay short unless it closes above the $35.50 area. 3/23 this one should have been stopped out as it closed above the $35.50 level.

3/10 Bought NWRE on gap-up open at $24.10. It gapped up nicely, it still can be bought. Anticipate a lot of strength in this new uptrend that may bring it up to the $30 area. 3/13 it came up and tested the 50 day moving average. It's still in an uptrend, look for it to continue higher. 3/14 it still moved up slightly. It needs to go through the 50 day moving average, continue to hold. 3/15 it broke out through the 50 day moving average and looks like it could continue higher. There is nothing to show us any sell signal yet. 3/16 it came back and formed a Spinning Top-type signal in the overbought area but closed right on the 50 day moving average. This one needs to open higher and trade higher on Friday. Definitely close it out on any trading below the $25.16 level. That would show that the sellers are in control. 3/17 it consolidated a little bit but didn't show any definite selling. This one needs to trade higher on Monday to continue to hold. Still use a close below the $25.16 level as your stop. 3/20 it showed good strength, continue to hold. Now use a close below $26 as your stop. 3/21 it still moved up slightly, continue to hold. Now use a close below the $26.20 level as your stop. 3/22 it's getting a little bit toppy. It formed a Hanging Man signal. It needs to trade higher. Now use any trading below Wednesday's low of $26.89 as your stop. 3/23 it consolidated a little bit on Thursday. If you closed it out on the lower trading, it's a good time to take profits.

3/17 Bought IFO on the positive open. It pulled back a little bit but continue to hold. We should see this move to much higher levels. This should open higher and start moving higher on Monday. Use a close below $11.10 as your stop. 3/20 it was stopped out with the close below the $11.10 area. This one didn't show strength but watch for the next buy signal.

3/16 Bought SNDK on the positive open. It opened higher but immediately starting selling off. It also closed below Wednesday's open. This one should have been closed out. However, because of the recent gap up, be ready to buy this one again on the next signs of strength. 3/17 be ready to buy this on strength on Monday, it formed a Doji. 3/20 it didn't do anything. Stay away from this for now.

3/14 Bought PTEN as it came back up through Monday's close. It had a good day, continue to hold. The oils are strong. 3/15 it consolidated but it did nothing to change the upward direction. Look for maybe another day of consolidation and then look for it to start moving higher. 3/16 it traded off but came back up and closed near the top end of the trading range, continue to hold. 3/17 it consolidated on Friday. Be ready to close out the position if it trades weaker on Monday. 3/20 it should have been closed immediately on the weaker trading on Monday. This one should now be closed.

3/7 Shorted ASEI on the weakness. Even though it closed higher on Tuesday, look for it to continue its downtrend. However, be prepared to close this one out on any signs of strength on Wednesday. This one needs to open lower and continue down. 3/8 it traded lower but came up and formed a Hammer-type signal by the end of the day. Be ready to close this position if it trades above Tuesday's close at $85.40. This should open lower and continue lower to stay short. 3/9 it traded higher but didn't close above the $85 level, continue to stay short. 3/10 it formed a long-legged Doji. If you stopped out with the trading above the $85.40 level, now start watching to buy this position on strength as it will be forming a J-Hook pattern.

 3/8 Shorted BOOM on the weak open on Wednesday. It came up and formed a Hammer-type signal but still anticipate that it will test the 200 day moving average. Be ready to short this one again on any signs of weakness on Thursday and use any trading above $32 as your stop. 3/9 it traded higher but didn't get stopped out above the $32 level, continue to stay short. Use any trading above $32 as your stop. 3/10 still use any trading above $32 as your stop. We're anticipating that this industry will pick up strength. 3/13 if you were stopped out above the $32 level, that's fine. It looks like this industry could start moving back up.

3/7 Shorted HP on the weakness on Tuesday. It continued to move down. At this point, continue to stay short. Use a close above Tuesday's high of $64.20 as your stop. 3/8 it is still probably heading for the 200 day moving average, continue to stay short. 3/9 it's still in a downtrend, stay short. 3/10 it formed a Spinning Top. Be prepared to start covering the position on any trading above Friday's high of $62.34. 3/13 it was stopped out with the trading above $62.34.

 3/13 Bought IMGC on higher open on Monday. It came back down and closed below our stop of $27.40. It should have been closed out immediately.

3/8 Bought ELOS as it came up through the previous day's close and moved steadily higher, continue to hold. This one should have a strong move because of the gap up from the Doji. 3/9 it consolidated on Thursday but continue to hold. It should pop back up in the next day or so after the gap up. 3/10 it backed off on Friday but it stayed above the 50 day moving average. Look for consolidation on the 50 day moving average and then it should start back up again because of the gap-up signal. 3/13 it traded slightly weaker. If it doesn't show any strength in the next day or so, close out the position and wait for the next buy signal. 3/14 it came down and is right on the 50 day moving average. If you closed it out, you will definitely want to see a buy signal in the next day or so that is staying above the 50 day moving average.

3/8 Shorted BECN on the weakness on Wednesday. It formed a Hammer signal by the end of the day. Continue to stay short and use any trading above Tuesday's close of $38.50 as your stop. This one should open lower and continue lower to warrant staying short. 3/9 it closed higher on Thursday but the downtrend hasn't changed. If it opens and trades above Thursday's high of $38.85, close out the position. It should open weaker and continue down to continue to stay short in this position. 3/10 it showed a little bit of strength. It needs to open lower to continue lower. If you didn't close it out on Friday, be ready to close it out on any positive trading on Monday. If it opens higher on Monday, close it out immediately. 3/13 it didn't open higher, continue to stay short. Now use any trading above Monday's high of $38.80 as your stop. If it trades above that level, it means the buyers have stepped back in. 3/14 it formed a Bullish Engulfing signal. It traded above our $38.80 level which is where you should have stopped out. Now watch for a J-Hook pattern formation.

3/6 Bought ADBL on the strength. It held up well, continue to hold. 3/7 it consolidated a little bit on Tuesday but should still be moving in an uptrend, continue to hold. Use a close below Monday's white candle as your stop. 3/8 it's getting a little bit toppy. This one needs to see strength in the next couple of days. Still use a close below Monday's open as your stop. 3/9 continue to use a close below the open of Monday's white candle as your stop. 3/10 it's still moving up nicely, continue to hold. Watch for some resistance at the 50 day moving average or watch for a breakout through the $11 area. 3/13 it got a little toppy at the 50 day moving average. Be ready to close this one out on any trading below the $10.50 level. This one needs to open higher and move higher to contuinue to hold. 3/14 it now looks like it has failed the 50 day moving average. This one was stopped out at the $10.50 level.

3/14 Bought ACLS on the positive strength. It had a good day, continue to hold. 3/15 it traded higher most of the day but closed almost even. It should still be in an uptrend, continue to hold. 3/16 it traded down below the 50 day moving average. This one should have been stopped out on the lower trading, especially going through the 50 day moving average. However, it was selling off due to a downgrade of a major brokerage firm. Be ready to buy it back on the next signs of a buy signal.

3/3 Bought RBAK on the strength on Friday as it formed its J-Hook pattern and as it came up through the previous day's close. Continue to hold, the J-Hook pattern is in effect. 3/6 it should have been stopped out as it opened lower and went down through Friday's open. This one showed a failure of the J-Hook pattern. The movement was based on an announcement but it still affected the downtrend because it didn't close near the top of the trading range. It should have been closed out.

3/2 Bought LRCX as it came up through Wednesday's close, continue to hold. Now use a close below $43.85 as your stop. 3/3 this one closed below the $43.85 level. Be ready to buy it back on any signs of strength, especially if it comes up through Friday's high of $45.03. 3/6 stay away from this for now.

3/1 Bought BRKS on the strength on Wednesday. After consolidating, it came back up through Tuesday's close and continued higher. Look for it to test the recent highs. 3/2 it consolidated but should still be in an uptrend, continue to hold. 3/3 it's has gotten weak. If it opens lower on Monday, close out the position immediately. 3/6 it closed lower on Monday. This one should have been closed out on the weakness.

3/3 CNQR was not bought. It opened lower and traded lower most of the day. It didn't get above $15.66, where we wanted to buy it. It can still be bought if it comes up through the $15.66 level. 3/6 it had a Doji-type day again, showing indecision. It needs to pop to the upside to continue to hold. If it closes lower on Tuesday, close out the position. 3/7 it had another Doji day. It probably should have been closed out on the lower open but it formed a Doji right on the 50 day moving average. At this point, stay out of the position until it closes above $15.50.

3/2 Bought ONNN on the positive trading on Thursday. It ended up as somewhat of a Doji-type day but we're still anticipating more upside movement. Use a close below $6.75 as your stop. 3/3 it moved up a little bit more on Friday, continue to hold. Use a close below the $6.75 level as your stop. 3/6 it tried to trade up but came back and had a Doji-type day. This one should be closed out on any signs of weakness on Tuesday. 3/7 this one should have been closed out on the weakness on Tuesday. However, it did bounce off of the 50 day moving average. If it shows another buy signal, you can start coming back in.

3/7 XXIA was not bought. It opened and didn't show any strength. This is an example of watching to see how the market is performing once it opens. With no buying coming into the market and no buying coming into this stock, this one should not have been bought aggressively until the market showed strength. If you bought it, you should have closed it on the close below the $12.70 level. 3/8 stay away from this for now.

3/6 Bought LPTH on the postive open. It came back and closed as a Doji. Be ready to close it out on signs of weakness on Tuesday. 3/7 it closed weaker on Tuesday but had a Spinning Top-type day. If you closed this one out, that's fine. Be prepared to buy it if comes back up through the close of the last white candle. 3/8 this one should have been closed out.

3/1 Bought AGI as it came back up through Tuesday's close. It also came back and bounced off of the 50 day moving average again. This was a sign that it was a support level and the buying came back in, continue to hold. 3/2 it consolidated a little bit on Thursday but it should still be in a good uptrend, continue to hold. 3/3 it backed off a little bit but continue to hold. Now use a close below Friday's open of $14.70 as your stop. 3/6 it's still acting well, continue to hold. 3/7 it consolidated but still showed bullish trading after the open, continue to hold. Still use a close below the $14.70 level as your stop. 3/8 it closed below $14.70. This one should have been stopped out. This one can be bought back on a positive open and movement up off the 50 day moving average.

3/1 Shorted ALXN based on the selloff Wednesday morning. However, it closed at the top end of the trading range in a strong market. This one needs to be closed out immediately on any positive trading on Thursday. It needs to open lower and continue lower to stay short in this stock. 3/2 continue to stay short. Now use a close above Thursday's open of $37.12 as your stop. 3/3 continue to stay short. Now use a close above $37.12 as your stop. 3/6 continue to stay short. It formed a Doji so use a close above $37 as your stop. 3/7 it popped back up. This one should be closed out on any trading above the $37 range on Wednesday. This one should immediately show weakness to continue to stay short. Otherwise, close out the position. 3/8 it should have been stopped out on the strength shown on Wednesday. Now it becomes a possible J-Hook pattern. Be ready to buy it on strength.

 

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