Today’s Swing Trade Ideas
MTZ/Long (Engineering and Construction) After a three-bar pullback, MTZ printed a Bullish Engulf opening below the big three and closing above the big three with a snapback J-Hook pattern.
More on how to trade MTZ in the trading room today at 9:10 AM EST.
Possible entry plan idea: The buy box is from $19.37 to $20.39
Possible stop plan idea: A close below $19.37
Member Trading Room Password changes tonight after E-Learning
Good Morning,
SPY: Support and resistance, trendlines, trends, chart patterns, candlestick patterns: some things just don’t change over time. Continue Reading
Today’s Swing Trade Ideas
EA/Long (Technology Gaming) Coming from a five day rally EA found some selling that pushed it back to the 50-simple moving average, from the 50-simple we had a gap up Friday closing bullishly with a morning star candle pattern above the T-Line and the 20-simple moving average. EA is approaching a longer-term double top. Caution for sell signals but a bullish breakout could lead us up to the $80 area
More on how to trade EA in the trading room today at 9:10 AM EST.
Possible entry plan idea: The buy box is from $53.63 to $58.50
Possible stop plan idea: A close below $57.09
Members the trading room password will be updated tomorrow night after member E-Learning.
Good Morning,
SPY: For the past five months, the SPY has been in a choppy, peak-and-valley condition with the T-Line and the 20-simple Continue Reading
Today’s Swing Trade Ideas
NOG/Long (Energy Sector) If you look at your daily chart over the past nine days, you can see a hammer, a Bullish Engulf, Doji’s, another Bullish Engulf, a Bullish Doji Sandwich, and a Rounded Bottom Breakout.
More on how to trade NOG in the trading room today at 9:10 AM EST.
Possible entry plan idea: The buy box is from $7.70 to $8.10
Possible stop plan idea: A close below $8.10
An interesting tidbit: In 2015, we have had 4 consecutive down days five times now. In 2014, we didn’t have any 4 consecutive down days. Also, we haven’t had 2 consecutive up days in 27 days.
Good Morning,
SPY: Yesterday’s Doji in the SPY found support at the recent March lows which could lead one to believe a minor relief rally
could be in order. There are a few troubling things that I would like to share. On the daily chart, the T-Line has now broken Continue Reading
Today’s Swing Trade Ideas
FNF/Short (Insurance) After a five-month run FNF is now closed back below the big three. Recently creating a lower high followed by a bearish Doji sandwich (continuation pattern)
To learn more about FNF, join me in the live trading room today at 9:10 AM EST.
Possible entry plan idea: The buy box is from $36.85 to $35.35
Possible stop plan idea: A close above T-Line
Good Morning,
SPY: In yesterday’s e-mail I wrote: “While the SPY failed to close over the $210.80 area yesterday, if the buyers can manage Continue Reading
