TIF Day Trade (Brad Reed Jan12,2015)TIF expected to open at 94.90 for a Retest Gap. Watch out for close support/resistance points. To learn to trade this strategy for free, go to www.RealLifeTrading.com
Retestgap
AFSI Day Trade (Brad Reed Jan8,2015)AFSI expected to open at 51.26 for a Retest Gap. To learn to trade this strategy for free, go to www.RealLifeTrading.com
PIR Day Trade (Brad Reed Jan8,2015)PIR expected to open at 17.10 for a Retest Gap. To learn to trade this strategy for free, go to www.RealLifeTrading.com
APOL Day Trade (Brad Reed Jan8,2015)APOL expected to gap to 29.76 for a Retest Gap. To learn to trade this strategy for free, go to www.RealLifeTrading.com
NLSN Day Trade (Brad Reed Jan6,2015)NLSN expected to open at 42.15 for a Retest Gap. Watch for nearby support. Might make a good swing trade if it closes below next support. To learn to trade this strategy for free, go to www.RealLifeTrading.com
CHKP breaks out on higher volumeCHKP reached a high in 2000 of $118.64 and then fell into decline. The move back up has been unsteady so not a great stock to trend trade over the longer-term. But since late October (which retested the 2012 pivot high) the momentum to the upside has become more linear.
With yesterday's bar being very bullish (on higher volume) the uptrend looks set to continue. A near-term trade may be an option but I would prefer to wait a little longer to see how the trend develops.
This may mean missing out until after the 2000 high is taken out. That's quite some distance away, but for a longer-term trade we want to see consistency so waiting to see what type of trend materialises from here is essential.
EXPD Day Trade (Brad Reed Dec17,2014)Expect EXPD to open at 42 for a Retest Gap. To learn to trade this strategy for free, go to www.RealLifeTrading.com
BID Day Trade (Brad Reed Dec8,2014)BID- Expect opening at 43.41 for a Retest Gap. Learn this strategy for free at www.RealLifeTrading.com
PXD Day Trade (Brad Reed Dec8,2014)PXD- Expect opening at 138.00 for a Retest Gap. Learn this strategy for free at www.RealLifeTrading.com
SQNM Day Trade (Brad Reed Dec3,2014)SQNM - Retest Gap so wait 30 minutes then look for bullish break off of 10 or 20 ema on a 5 min chart.
IDRA Day Trade (Brad Reed Dec3,2014)IDRA Retest Gap so wait about 30 minutes then look for bullish break off of 10 or 20 ema on a 5 min chart.
MPEL - Day Trade (Brad Reed Dec3,2014)MPEL Expect open around 23.79 for a Retest Gap. After about 30 minutes, watch for bearish break off of 10 or 20 ema on a 5 min chart. Watch out for strong support at 23.53 and make sure the reward risk ratio is there before tracing a trade.