Bulls Broke Out of the Eight-Day Channel

The Bulls broke out of the eight-day channel Friday closing the SPY at $240.20. Above the T-Line and the upper T-Line Band. It’s starting to look like the Bulls just might pop the top and make a break for it. The March 1, highs is the next challenge followed by $242.55 then $245.50.

A close below $237.70, just slightly below the Lower T-Line Band and the volatility stop would suggest the Bear is a bit larger than the Bull.

FREE Trade Idea – INAP

INAP broke out of an eleven-day channel with a Bullish Morning Star. The T-Line has dipped below the 34-EMA and now popped back up with price closing back above the Upper T-Line Band.

Charts To Study – MTOR

One January 1, 2017 we posted to our members that MTOR had a high probability of moving higher. MTOR reached a new high after breaking out then pulled back to the 34-EMA. Price then put together a Bullish Morning Star that ran the T-Line for 48 days!

Members Swing Trade Ideas

We post to HRC members 10-15 swing trade ideas each day and post them in the member’s area of the website.

Subscribed members

10-15 trade ideas below –  Members Login

What is a Trade Idea Watch List?

A trade idea watch list is a list of stocks that we feel will move in our desired direction over a swing trader’s time frame.  That time could be one to 30 days for example.

From that watchlist, we wait until price action meets our conditions for a trade.

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Campbell or this website is not financial or trading advice. All information is intended for Educational Purposes Only.