One of Today’s Swing Trade Ideas
TSRO/short (Biotechnology industry) The weekly chart on TSRO has formed a bearish evening star followed by a bear flag with a failed high on another evening star signal. The daily chart is producing a blue ice failure.
TSRO Trading Plan (Entry, Stop, Target) Click Here
Possible entry plan idea:
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A Trading Room Team Working Together:
DSKY up 27,05% * NPTN up 38.65% * ATEN up 29.48%
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SPY: For the past four weeks, the sellers have controlled the market, and you can see this by looking at a weekly chart of the SPY. Four weeks ago, the SPY printed a bearish Shooting Star followed by selling confirmation each of the following three weeks. We did see a relief rally last week that ended up with a failed Shooting Continue Reading
One of Today’s Swing Trade Ideas
MX/Long (Semiconductors) MX has been on a bullish T-Line run for 24 days. The past five days, price has gently pulled back to the T-Line all holding inside the June 4 candle. The chart pattern is forming a flag PBO pullback ready to curve up and create a bullish J-Hook pattern.
MX Trading Plan (Entry, Stop, Target) Click Here
Possible entry plan idea:
Possible stop plan idea:
Possible target area:
A Trading Room Team Working Together:
DSKY up 16.58% * YGE up 5.75% * FENG up 31.62%
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Good Morning,
SPY: Yesterday the SPY closed with a Doji above our trend lines. I wouldn’t be at all surprised to see a little consolidation during today’s trading. A close over yesterday’s Doji would create a Doji sandwich continuation pattern which would be a very bullish sign. Of course, a close back below our Continue Reading
One of Today’s Swing Trade Ideas
ANTH/Long (Biotechnology industry) ANTH in the past four months has formed a bullish “W” pattern that has led to a breakout of the March highs. Yesterday produced a bullish left/right combo flag breakout.
ANTH Trading Plan (Entry, Stop, Target) Click Here
A Trading Room Team Working Together:
AOI up 42.5% * SIGM up 15.89% * GEVE up 14.72%
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Join us in the Trading Room for the morning commentary on all of the members’ trade ideas at 9:10 AM EDT. Click Here
Good Morning,
SPY: Yesterday the SPY put together an impressive bullish morning star reversal signal managing to close above the 50 SMA and close back above the broken uptrend line. However, the SPY was not able to close over the downtrend line that is across the recent highs.
IWM: IWM had an impressive day with a bullish gap closing at $125.99. We have had a horizontal resistance line drawn at $126.49, and yesterday’s high was unable to breach the resistance line, much less close above. Continue Reading
