Another consolidation/rest day in the markets. It still feels like we are resting before the run back to highs. Im long biased so most of the charts that I post will be long setups. Here is a look at the trades today in the boom room as well as my top trading ideas for tomorrow. We had nice trade in $peri off the bottom this morning. If you missed the trade review on it you can find it here. We also had a nice intraday short in $pphm for a 5% gain and $350 bucks. All in all we tweaked out $270 in gains on the day. Not bad for a very slow day in the markets.
Bulls bootcamp starts up in a few weeks. here is what is offered. https://bullsonwallstreet.com/bulls-december-bootcamp-2/ Check it out and email me mb.willoughby@gmail.com if your interested in the bootcamp and trading with us. This is definitely something you don’t want to miss if you are looking to become a consistently profitable trader. We also offer an options course.
$cldx- breakout watch.. love this chart
RIMM- long over this mark.. basing here
SNTS- still love this look.. coiled for a move
TIVO- nice falg forming on daily. love the volume pattern
IRWD- short watch. extremely overbough and hitting resistance on daily chart
CLSN- coiling for an up move
SKUL- basing on a bottom, break over 7 should start the squeeze
RPRX- beautiful flag on this stock. looks like it wants new highs soon
Hi MB
This is a great blog – especially the details behind win loss and the in price and out prices…very helpful….
I learned about “revenge” trades today…lol
GMan
Hello Maribeth,
Can you tell me what you mean by the following from your charts above:
RIMM- long over this mark.. basing here
SKUL- basing on a bottom, break over 7 should start the squeeze
Are you betting on these two stocks to go up or down to earn profits based on how you word these?
Thanks so much! Wes