Waking Up To A New Week Of Trading Ideas

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It was another excellent week of trading.   I received more than a couple of emails  expressing joy over the past couple of months of activity.   I'm really happy to see these results. Since we know that these runs dont last forever without consolidation phases, lets  get right to the trading and our expectations going forward.

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LGCY- This was the trade of the week if you ask me.  I showed this base as having huge potential back on April 9th.

LGCY

This was Last Monday - It was a buy when it bounced right off of the 50sma near $1.00.  These types of bases are explosive.

LGCY 4-18

Last Wednesday -  Still could be bought, inside of that long running base.

LGCY 4-20

APRIL 22 LGCY - It surged to $2.35 Friday!  Well over 100% in 5 days, 46% Friday alone.

LGCY 4-22 b

I am going to discuss what to expect from LGCY and a few other trades of ours that have done well later in this report.  Is this just the start of a break out from the base, or has it exhausted itself?  Stay tuned.

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Friday April 22

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I just wanted to post this Friday report to mention a couple of things about our trades.

 

CRB - This was my Tuesday  chart of the CRB. Notice the area where it was expected to run to , and then it might hit resistance.

CRB 4-18

Today the CRB hit the 200sma and turned down.  Is the Run complete?

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Divisions

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Thursday - 2 trading days left in the week. Again we have had another  great week of trading, but how long will this last?  Should I sell my positions?  Lets do a quick market review and then discuss positions.

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SPX - April 18 had the markets Bullishly moving higher.

SPX 4-18

SPX  April 20  - The SPX is almost at the November highs and remains bullishly aligned. This may be an area that gives resistance, or the shorts may pile in and be forced to cover if it breaks to new highs.

SPX 4-20 Read More