Today’s Swing Trade Ideas
EA/Long (Gaming) EA is holding it’s T-Line run on the daily chart and a doji continuation pattern on the weekly chart.
More on how to trade EA in the trading room today at 9:10 am EDT
Possible entry plan idea: The buy box is from $60.16 to $62.24
Possible stop plan idea: A close below the T-Line
Meetups
Vancouver BC, July 18, 2015
Basic Scanner Set-up Mondays each week
11:00 AM EDT
Advance Scanner Set-up Wednesdays each week
11:00 AM EDT
Access Information:
Room URL: http://hitandruncandlesticks.omnovia.com/room2
Password: coach
You should have the same tools the pros have – 2-Week Free Trial Click Here
Good Morning,
SPY: Friday’s employment numbers pushed the SPY back into the high side of it’s trading range above the big 3 and the T-Line. A breakout of $212.48 is needed before we can start thinking about a new bullish leg. Not much has changed. Overall, the market is still leaning to the bullish side with a great deal of back and forth (chop).
Continue Reading
Today’s Swing Trade Ideas
BABA/Long (Specialty Retail) BABA looks to be gapping up this morning on earnings, and a close above the 50 SMA will give us a Rounded Bottom Breakout. In the next couple of weeks, we could see BABA in the $95 area.
More on how to trade BABA in the trading room today at 9:10 am EDT
Possible entry plan idea: The buy box is from $83.50 to $87.60
Possible stop plan idea: A close below the 50-sma
After our morning call of UVXY in the trading room, there were several members that enjoyed the rain of money. Both TVIX and UVXY are currently pinball setups.
TBT is approaching the 200-simple moving average, so watch for some consolidation or a pullback.
Meetups
Corpus Christi, TX, Saturday May 9, 2015
Please contact Rick for details
Ph: 417-848-3519
e-mail Rick@RickSaddler.com
Vancouver BC, July 18, 2015
Profit Scanner Users & Trial Users
Basic Scanner Set-up
Wednesday, May 6, Meetup at 11:00 AM EST
Access Information:
Room URL: http://hitandruncandlesticks.omnovia.com/room2
Password: coach
You should have the same tools the pros have – 2-Week Free Trial Click Here
Good Morning,
SPY: The buyers did manage to bring the SPY up from its lows yesterday before the close, and we are approaching an oversold condition, but I do think it’s a little early. The sellers controlled yesterday’s price, and keeping the close below the big three and the T-Line still gives the sellers Continue Reading
Today’s Swing Trade Ideas
UWTI/Long (Oil sector) UWTI has been in a bullish trend starting from mid-March, and the price has now climbed over the big three and over the 100 SMA while still in a Rounded Bottom Breakout pattern. If managed correctly, bought and sold that is, I see price running into the $5 area which is about 35%
More on how to trade UWTI in the trading room today at 9:10 am EDT
Possible entry plan idea: The buy box is from $2.03 to $2.18
Possible stop plan idea: A close below the T-Line
Meetups
Corpus Christi, TX, Saturday May 9, 2015
Please contact Rick for details
Ph: 417-848-3519
e-mail Rick@RickSaddler.com
Vancouver BC, July 18, 2015
Profit Scanner Users & Trial Users
Basic Scanner Set-up
Wednesday, May 6, Meetup at 11:00 AM EST
Access Information:
Room URL: http://hitandruncandlesticks.omnovia.com/room2
Password: coach
You should have the same tools the pros have – 2-Week Free Trial Click Here
Good Morning,
SPY: Once again the SPY failed to make a new high on Monday with its bullish gap and instead formed a Shooting Star candle. Yesterday confirmed that the sellers had control with its own gap down and a long bearish-bodied candle that closed below the big three and the T-Line. Continue Reading
