Today’s Swing Trade Ideas
SNSS/Long (Healthcare Biotechnology) SNSS has formed a RBB pattern with a PBO hammer the day before yesterday, followed by a strong buyers’ present yesterday. SNSS is also forming a cup with about 10% left to the cup top. From there, we could see a nice rally followed by a pullback to start forming the handle.
**To learn more about SNSS, join me in the live trading room today at 9:10 AM EST.
Possible entry plan idea: The buy box is from $2.36 to $2.70
Possible stop plan idea: A close below $2.36
Good Morning,
SPY: With yesterday’s inside day close and the recent higher highs and higher lows continuing to close over the T-Line, we would Continue Reading
Today’s Swing Trade Ideas
WLL/Long (Energy Sector) Rounded Bottom Breakout, Left/Right Combo, higher lows can be drawn, bullish candlesticks above recent gap, 30% possible profit target. All this points to a very tradable chart. To learn more about WLL, join me in the live trading room today at 9:10 AM Eastern.
Possible entry plan idea: The buy box is from $36.24 to $42.76
Possible stop plan idea: A close below $36.24
Good Morning,
SPY: No rate hike by the Feds and the market soars with dovishness!
Continue Reading
Today’s Swing Trade Ideas
NQ/Long (Technology) NQ has formed a Rounded Bottom Breakout and a bullish scoop pattern.
Possible entry plan idea: Above the T-Line and/or a breakout of $4.03
Possible stop plan idea: A close below the T-Line
More on how to trade NQ in the Live Trading Room 9:10 AM Eastern
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Good Morning,
SPY: Yesterday the SPY closed with an inside day Doji while resting on the T-Line, once again failing to clear the $208.70 area. Continue Reading
Today’s Swing Trade Ideas
AKAM/Long (Technology) AKAM is trying to break out of consolidation with a Doji continuation pattern and may be trying to reach the $100 area in the near future.
Possible entry plan idea: Above $70.80 and/or breakout of $72.08
Possible stop plan idea: A close below 70.80
More on how to trade AKAM in the Live Trading Room 9:10 AM Eastern (Not Today)
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KNDI was a big success with its gap to the 200-simple moving average. On the other hand,
yesterday’s featured trade idea, NTLS, was downgraded and ran to the 50-simple moving average. NTLS should not have been bought or should have stopped out around $5.70 that I posted.
Good Morning,
SPY: Follow-through or trend continuation is very important for the success of a swing trader. With yesterday’s close of $208.58, Continue Reading
