BMO – The ES +15 and NQ +19 futures are trading higher in pre-market trading just over an hour before the open, suggesting a higher open as we head into the final trading day before Good Friday and the three day Easter weekend. Expect trading volumes to be light.
Join Dave in the Weekly Wrap today with Tom Sosnoff and Ben Watson at 4:30 pm ET.
(click imagage to enlarge)
(click image to enlarge)
(click image to enlarge)
At the Open on Thursday
SPY – white spinning top at high of low day
WYNN – hammer on second day pullback
X –hammer on third day of pullback
URE – hammer/bullish harami
NOC – two day bull flag
COV – break high of the low day
CELG – hammer low day after bear flag break
SNDA – break out of pennant hits 45 price target
DECK – new high close on horizontal breakout
BIIB – new high close horizontal breakout after bullish engulfing
CTSH – hammer close…above 200 DMA…inside day
EBAY – hammer like candle in bull flag
SCHN – hammer break high of the low day
BRCM – break high of the low day
LEAP – black candle at 200 DMA…slightly higher high and higher low
SHLD – bullish harami in bull flag (see chart)
4 comments:
What is the website you go to to join Dave in the weekly wrap up?
Thanks Dave!!! Took that GME May $30 Call paper trade on Tuesday which filled our T1 target of $31.29 this am as break out sliced through.! I was too late to keep some contracts back and here we are at $32 +!!! Anyways, it was a real psychological boost to preset up a trade with a sell order and watch it play out profitably so thanks so much again.!
Francis
To join Dave in the weekly wrap up, one can access via ThinkOrSwim home page or Investools if your IT student
Meri
Dave - Great blog. I especially appreciate you brief comment yesterday on VIX behavior of the past several weeks. Does the break of 40ish intermediate support add weight to continuation of the current uptrends?
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