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Spotlight Chart- GBT
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Members Trade Idea – February 8
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Today’s featured trade idea – CMRE
Set Up – Bullish Morning Star, Inverse Head & Shoulder
Potential Swing profit – 15 – 35%
From a bull’s eye SPY:
The SPY is in sideways chop as long as price stays between $238.25 and $237.15, we would have a bullish attitude with a close over $238.25 and more of a bearish attitude below $237.25.
We are seeing both bullish and bearish charts to trade. Do what you do best, trade the charts and chart patterns you understand. Take profits as the come.
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The ETF – $GLD Still in sellers control, wait for the trend. The ETF UUP showing signs of weakness and a possible Head and Shoulders being drawn.
Double Digit Gainers – We supply our members/subscribers with a trade idea-list every day, as of today 46 double digit trade ideas and 25 of them are over 20% some of the trades were taken and some were not. The point is… isn’t it nice to have the trade list of winners so that all that we need to do is apply our own trade plan to them? And yes we do have some of our trade ideas that do not work out.
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