Today’s Swing Trade Ideas
MCEP/Long (Energy sector) MCEP is a Hit-And-Run Candlesticks Rounded Bottom Breakout pattern that has now pulled back to a key buying level with Friday printing a bullish piercing candle.
More on how to trade MCEP in the trading room today at 9:10 am EDT
Possible entry plan idea: The buy box is from $6.20 to $6.42
Possible stop plan idea: A close below the T-Line or $6.20
Trading room membership has its privileges: HNR up 20.91%, OPK up 16.21%, NES up 22.93%, JNUG up 12.73%
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Click here for featured video on the NES trade. Only three minutes and 22 seconds long
Good Morning,
SPY: The SPY closed at new highs cracking through a three-month challenge. Price closing over the T-Line suggests that the buyers or Bulls are in charge. The T-Line and the big three are also in a position that suggests that the buyers are leading the moving-average trend with the T-Line Continue Reading
Today’s Swing Trade Ideas
APPL/Long (Technology) After Apple’s bearish engulf a couple of weeks ago the follow-through led to a lower low below the big three, the buyers stepped in to create a higher high and then lost traction when the sellers brought price down. But the Bulls stopped it with a higher low, then yesterday the Bulls pushed and closed the candle over the 127.62 bullish line creating a bullish “W” pattern.
More on how to trade AAPL in the trading room today at 9:10 am EDT
Possible entry plan idea: The buy box is from $127.62 to $129.32
Possible stop plan idea: A close below the T-Line or $127.62
Trading room membership has its privileges: MX up 14.73%, OPK up 14.56%, NES up 10.40%, CRIS up 9.52%, BLUE up 9.57%
A 100 share stake in each one of these would bring you $1749.00 or an average of $349.00
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Friday “Open Mic” Friday May 1, 12: PM EDT
Volunteers Welcome
Good Morning,
SPY: This week the buyers have been able to push and close price to the very top of the trading range, based on the futures at 7 AM this morning it appears we will see a breakout of the trading range. With a successful close above the trading range we will start looking at a possible new leg Continue Reading
Today’s Swing Trade Ideas
LOCO/Long (Restaurants) LOCO was originally featured on January 7. As of yesterday, LOCO is up about 25%. Long-term holders or short-term swing traders have had a good run. It now looks as if LOCO may be ready to step in to the $30 area. Please note that LOCO has been traded and monitored as a Rounded Bottom Breakout without the 200-SMA.
More on how to trade LOCO in the trading room today at 9:10 am EDT
Possible entry plan idea: The buy box is from $27.61 to $29.00
Possible stop plan idea: A close below the T-Line or $27.61
Trading room membership has its privileges: Closed TSLA for 7.1% profit; closed DGLY for 6.75% profit ahead of earnings, and closed VGGL for a 38.22% profit; JNUG with 11.5%; RIG broke through a target for 9.3%
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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
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Good Morning,
SPY: No big changes yesterday, just another day moving sideways in the same old trading range. The SPY did close slightly below the T-Line and the 20-SMA, and because price is still above the 50% line of the trading range for the past 2 1/2 months, I’ll give the price to the Bulls. I am a bit concerned about the transportation index ETF IYT as price is still below the 50% line of the highs and lows over the last 2 1/2 months, and the Continue Reading
