Will Da Bull Flag? Pretty Please?

On Tuesday February 4, 2015, we mentioned an emerging bullish-flag pattern in the Dow Jones Industrial Averages. To be sure it is not a classic pattern as the flag-pole is not too tall, the flag is not in one piece and the flag-formation has taken too long. But it is still a consolidation and in any case…

Does A Bull Flag?

So far February is keeping up with rest of the year in terms of volatility and triple-digit Dow days. Tuesday February 3, was no exception. Dow Jones Industrial Averages surged 305 points, but unlike January, first two February days were triple-digit up days for Dow. With the current price action, DJIA is making bullish flag formation,…

Daily Trader: Trading Ideas For September 12th

Here are some trade setups for our Daily Trader portfolio for Friday September 12th, 2014. These are short-term trading ideas that are normally closed either the same day or in next few days. Trade nimbly. GOGO Inc. (GOGO) Direction: Long Entry: 18.95 or ORB (Opening Range Bar – first 30-minute trading candle) break Stop: 18.35 Target:…

Daily Trader: Trading Ideas For September 11th

Here are some trade setups for our Daily Trader portfolio for Thursday September 11th, 2014. These are short-term trading ideas that are normally closed either the same day or in next few days. Trade nimbly. VeriFone Systems Inc. (PAY) Direction: Long Entry: 37.65 Stop: 36.65 Target: 38.75 Pattern: Expansion Candle Pharmacyclics, Inc. (PCYC) Direction: Long…

Daily Trader: Trading Ideas For September 10th

Here are some trade setups for our Daily Trader portfolio for Wednesday September 10th, 2014. These are short-term trading ideas that are normally closed either the same day or in next few days. Trade nimbly. AbbVie Inc. (ABBV) Direction: Long Entry: 57.28 Stop: 56.43 Target: 58.02 Pattern: Expansion Candle / Resistance Break Wellpoint Health Networks…

Daily Trader: Trading Ideas For September 9th

Here are some trade setups for our Daily Trader portfolio for Tuesday September 9th, 2014. These are short-term trading ideas that are normally closed either the same day or in next few days. Trade nimbly. Rackspace Hosting Inc. (RAX) Direction: Long Entry: 39.91 Stop: 38.66 Target: 40.72 Pattern: Expansion Candle / Channel Break Out /…

Daily Trader: Trading Ideas For September 8th

Here are some trade setups for our Daily Trader portfolio for Monday September 8th, 2014. These are short-term trading ideas that are normally closed either the same day or in next few days. Trade nimbly. Comcast Corp. (CMCSA) Direction: Long Entry: 55.89 Stop: 54.68 Target: 56.45 Pattern: Expansion Candle / Resistance Break WisdomTree India Earnings Fund (EPI)…