Swing Trade Ideas June 3, 2015

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One of Today’s Swing Trade Ideas

FENG/Long  (Internet content)  FENG is in an overall Rounded Bottom Breakout pattern, currently presenting a bullish flag breakout or J-Hook pattern with a slight bullish cradle-look to it as well.  Not to mention the double bottom.  With the right energy and follow-through, FENG has about a 12% target.

FENG Trading Plan   (Entry, Stop, Target)  Click Here

A Trading Room Team Working Together:
RENN up 39.7% * GEVO up 8.89% * OPK up 25.73%
In the trading room, we teach you how to find’em and trade’em.
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Good Morning,

SPY:   There is still no real direction in the SPY or the overall market.  Yesterday’s Doji close, which also presented a double bottom, closed between the 20 SMA and the 50 SMA, something we call the trap. The $64,000 question is which direction the trap will price finally breakout?  Yesterday’s Doji does suggest indecision after the recent weeklong consolidation.  Was yesterday’s Doji just a rest day before breaking down, or was it a true Continue Reading

Swing Trade Ideas June 2, 2015

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One of Today’s Swing Trade Ideas

SSE/Long  (Energy sector)   SSE is still working with the Rounded Bottom Breakout strategy trying to form a bullish flag breakout.  Note that the oil futures are looking pretty good this morning.  USO and UWTI are looking like Doji Sandwich patterns (bullish continuation).

SSE Trading Plan   (Entry, Stop, Target)  Click Here

A Trading Room Team Working Together:
GPRO up 19.19% * RTTX up 18.53% * AVEO up 8.57%
In the trading room we teach you how to find’em and trade’em.
Start right here  CLICK HERE

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:   The one hour and four hour charts has broken down to very concerning levels and has formed a bearish head and shoulders pattern.  The two and for our chart is showing a clear bearish “h” pattern. Internally the SPY is starting to break down, and on the daily chart, the most leading indicator there is “PRICE” has once again closed under the T-Line.  SMH (Semiconductor’s) is one of the few market areas that has been bullish and Continue Reading