Good Morning traders. Here are some trade ideas I am looking at for tomorrows trading.
These trades are based on the my interpretation of the Volume Spike theory. I'm not even sure there is such a theory, but I'm running with it this morning.
Trade entries and cover stops are based on .01 (for entry) and .03 (for cover) above or below the prior candle high/low that occurred on the volume spike.
*Important * Please do not trade your hard earned money on any ideas you may read in my blog. I post this entertainment as just that. Please trade wise, be profitable.
1. Sunedison Inc (SUNE) short or long .01 above/below Fridays daily candle.
2. Pinnacle Foods Inc (PF) short .01 below Thursdays daily candle.
3. Ciena Corporation (CIEN) short or long .01 above/below Thursdays daily candle.
For my scans I use