Swing Trade Ideas May 21, 2015
Today’s Swing Trade Ideas
GREN/Long (Healthcare biotechnology) Yesterday I posted that GERN can be bought at 4.00 in the live trading room. Many members bought it as I did. The price continued to climb closing up $.19 from our entry. GERN bounced off the 100 SMA on April 30 creating a high at the 20 SMA and pulling back with a double bottom, then a big rally yesterday engulfing many candles and the big three. We call this a hungry candlestick.
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Good Morning,
SPY: Another Doji close for the spy above the T-Line, Bulls still have control. But I think the focus needs to be on the transportation average index. We will be using the ETF IYT. Over the last three weeks I have been talking with our members on the seriousness of the IYT chart and how this bear might be growing. While most other indexes are suggesting bullishness the transportation index is just suggesting bearishness as Continue Reading