S&P Breaks Out of Multiple Chart Patterns

On Monday August 15, 2016, S&P 500 future broke out to the upside from a constellation of bullish patterns on intraday charts. Let’s take a look. First Rectangle Trading Box The first pattern on the 2-hour chart is a rectangle trading range. This range is shown by the lines ‘A’ and ‘B’ in the chart. Following better than expected…

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:…

Trades Update: September 11th

We will update some of our ongoing trades based upon the current market action. PCRX (short) – update the first target to 100.30. SOHU (short) – move stop to 55.43 QIHU (short) – adjust stop to 81.00 THRX (short) – update stop to 20.92

Trading Notes: September 11th

The early morning bias of the market is to the downside but it is somewhat orderly. Some of our trades ideas need to be adjusted based upon the first 30-minute trading. RVBD (long) – adjust entry to 19.50, stop to 19.25 and target to 19.83 TMST (long) – adjust entry to 50.93, stop to 49.43 and…

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…

Trading Notes: September 10th, 2014

After yesterday’s action today’s morning session seems to be dull. Some of our trade ideas triggered in the morning. Update ARRS (short) entry to 29.38 VNET (short) gapped up and we were stopped out for 13.3% gain on the third piece for a total gain of 12.1% for the trade APA (short) hit the T1…

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…

Trading Notes: September 9th

Many of our trading ideas from last night’s Daily Trader report gapped up. As is our policy,. we do not chase gaps if they are more than 1.00% away from previous close. Instead, we wait for the ORB (Opening Range Bar – first 30-minutes trading candle) to complete and the enter based upon its break…