FLAG PATTERN BREAKOUT ON $SCTY – SOLAR CITY

Trading is one of the hardest things to learn. In the beginning you will make numerous mistakes, and without making mistakes and having losing trades you will not progress and learn as a trader. It took me a while to start recognizing different patterns in the market each day. After a while you will start to see some of the same setups repeat and you will start to learn how to trade those patterns. Here is a video that I  put together for the flag pattern breakout. This is a live trading video, I recorded my desktop live for the first hour of trading while I was trading $SCTY or Solarcity.

I edited the video to help you see how I made the trade from point A to Z,, the entry to the exit and the profit I made. This video will help you see what a Flag pattern breakout is. This is a very common pattern in the market that you see over and over each day. The key is to start recognizing the pattern and understanding when to take the trade. I hope this helps.

My Camtasia trial is running out, does anyone have a desktop screen recorder that I can use for free??!!

 

 

 

 

 

PROFIT OF $410 ON $CSIQ $ISIS $DDS

Happy Monday! Today $SPY reached a all time high in stock market history. It broke through the $185 mark and we are heading higher. There were a lot of different plays today but I focused on three stocks that I was familiar with. I did a trade recap for today, check it out for more info. You can also follow my YouTube channel … Click Here

WATCHLIST FOR 7.10.13

$SPX has been up for the last four days. Today was tough, saw a lot of dumpage on many stocks. $ACAD broke out and $MU tanked, so did a lot of the solars.

 

Here is what I am watching tomorrow.

 

1. $CSIQ- Canadian Solar

Even tough they are finalizing a project and gaining some traction, they are being investigated or sued for accounting practices. The stock dumped but could rebound if they clear up this mess.

2. $CREG – China Recycling Energy Corp.

Its parabolic on the daily chart, this sucker will be a short. look for setup and entry point.

3. $YRCW – YRC Worldwide.

Good PR on this stock and some seeking alpha articles. Over 13% gains today and gained $4 bucks. Looking for a pullback on this one, Be carefull, its a low float stock with only a 7.3MM float.

4. $LEE – Lee Enterprises Inc.

Good PR on this stock, and its been up for last 3 three days. looking for a pullback. Maybe a short on the open if it does not gap up.

5. $MU Micron Technologies

Called this one yesterday. Second down day for $MU, we could see a rebound but with PC and tech sector down. $MU needs some news or new biz to keep it going up. I will be looking for more shorting here.

6. $ZLC – Zale 

I like this stock. It broke out today and should see day two of higher trading. look for another breakout if it hits $9.85

From a technical perspective, ZLC is ripping higher here right above some near-term support at $8.44 with decent upside volume. This move has started to push shares of ZLC into breakout territory, since the stock has taken out some near-term overhead resistance at $9.30. Shares of ZLC are now quickly moving within range of triggering another major breakout trade. That trade will hit if ZLC manages to clear its 52-week high at $9.85 with high volume.

7. $HMA – Health Management Associates

Rumor about a buyout or take over of HMA. Nothing for sure or disclosed. Shares jumped on hype, look for a pullback if no news about solid acquisition. Short play for this one.

8. $TVL – LIN TV Corp.

up for second day. Broke out today, No resistance ahead, should go for another day of gains. This one could run.

 

EARNINGS PLAY

1. $MHR Magnum Hunter Resources

Revenue is up but EPS is down 6 cents.

2. $ADTN – Adtran

Analyst expect EPS of 16 cents, earnings release before market opens

3. $SYRG Synergy Resources Corporation

Earnings before market open.