On the Emini futures chart above we see that the uptrend continues after two tests of the trendline on Thursday and Friday.
On the SPX chart above we see that our measured move target was met on Friday. I've adjusted the pivots to take into account Thursday's dip. The new target would bring us to the 1342 level.
JDSU - huge volume on this extension. Keep on the WL. Shallow pullbacks are good buying opps.
I missed the early run, but managed to catch the last leg up on Friday as JDSU consolidated a printed NR7.
TUP was on our focus list. Price gapped and retested the base, so I entered long. Choppy until it formed a handle and extended higher. Hard to move the initial stop until the handle broke.
CELL - I felt that I had traded this one badly, but I think it was just a failed BO. Best not to trade small caps on 15 min. timeframe.
ISRG was a HCPG pick and it worked perfectly. For momentum stocks, I recommend using weekly pivots as opposed to daily pivots, to avoid folding too soon.
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