TheStockBandit.com

Swing Trading and momentum investing stock pick newsletter and swing trading service.

  • Home
    • Blog Archives
    • Blog Categories
  • About
    • About The Stock Bandit
    • FAQ
    • Contact Us
  • Strategy
    • Join the Email List!
    • Stock Trading Methodology
    • Trading Rules
    • Chart Patterns
  • Products
    • Products Overview
    • Trading Courses
    • Stock Pick Service
    • Recent Trades
    • Trader Coaching
    • Seminar DVD’s
  • Subscription Info
You are here: Home / Nightly Reports / Running Hot – Blueprint 6-22-2014

Running Hot – Blueprint 6-22-2014

June 22, 2014 By Jeff White Filed Under: Nightly Reports

Only subscribers of TheStockBandit.com can access this post and its contents. If you are a subscriber, please login via the sidebar. Subscriptions are currently closed.

About Jeff White

Jeff White started trading in 1998 and resides in the Dallas/Ft. Worth area with his wife and two sons. Twitter / Google+ / Facebook / StockTwits

Comments

  1. jerry singer says

    June 22, 2014 at 7:18 pm

    Hi Jeff
    Thanks for the chart show and congratulations on your 10th anniversary.
    If you draw a bottom trend line on the last 4 sessions of SPWR it looks like a continuation triangle which could break out in the direction of previous trend. Just a comment.
    I do have 2 questions:
    1 When you have stock bumping up to resistance or down to support,do you ever put in buy or sell stops to initiate the trade?
    2 Do you watch overnite futures and do they influence your decisions?
    Thanks
    Jerry

    • Jeff White says

      June 22, 2014 at 10:18 pm

      Thanks Jerry! Yes, I had the short-term triangle drawn on the SPWR chart and do see that as a continuation pattern.

      On your first question, I like to have my orders trigger as the stock breaks out or clears a trend line or resistance, as that tells me it is now back on the move. A stock still inside the base might allow for a lower-priced entry, but it also may continue basing (tying up capital indefinitely in a stock not moving anywhere) or fail the pattern on the downside, so that’s why it’s my preference not to enter while it’s still inside the base. So I set up buy stops for a level above the base which trigger the market order once price gets going again. Make sense?

      I do monitor the futures but not overnight. Not only is the overnight liquidity poor (takes less to move price), but we also see many overnight reversals happen anyway. I like to watch them in the pre-market to see if strength/weakness is building/diminishing and of course throughout the trading session as they are the closest thing to a leading indicator for the market there is. Those without futures quotes can alternately watch SPY or QQQ.

      Hope this helps, go get ’em tomorrow!

      • jerry singer says

        June 23, 2014 at 9:00 am

        Thanks for your prompt reply.

  2. Achim says

    June 23, 2014 at 1:36 am

    perfect Jeff – love the video!

    • Jeff White says

      June 23, 2014 at 10:08 am

      I appreciate that Achim!

Member Login

Become a Member Now
Lost Password



Recommended Broker



Links & Archives

Trading Blog Archives
Join the Email List
About Jeff White
Stock Trading Courses
Testimonials
Recent Performance

Post Categories

Stock Charts Posts
Q&A Posts
Index Charts Posts
Trader Improvement
General Blog Posts

Links

Terms of Service
Privacy Policy
Disclaimer
Site Map
Contact us

Follow


Premium Services

Stock Pick Service
Trading Courses
Trader Coaching

Copyright © 2025 TheStockBandit, Inc. ยท All Rights Reserved