Today’s Swing Trade Ideas
LPI/Long (Energy) LPI closing over the 50-period moving average yesterday made it a Rounded Bottom Breakout. Yesterday, LPI saw confirmation closing over the 50-period moving average after a Doji /Bullish Engulf. This candlestick pattern suggests buyers are very interested. Note the void in late November.
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Yesterday’s featured trade idea and members list – (UVXY) produced 10% before turning back down; SN gapped and closed for 12%; SD gapped and closed for 9.9%; OIL, LINE, and CLR closed very well with nice-looking chart setups.
Good Morning,
SPY: Once again the SPY has found support with the December low of $197.86 while closing at $201.92, right at the T-Line. Yesterday’s close put us back in our original Continue Reading
Today’s Swing Trade Ideas
UVXY/Long (Ultra Vix Short Term Futures ETF) UVXY was first posted on our members watch-list on January 16 as a chart to watch and trade accordingly to the market, it started hinting a PBO buy on January 23 and has had a 34% run. The continuation pattern of the last three days last week and the close over the 200 day simple moving average suggest there is still bullish interest.
Possible entry plan idea: Buy on a buy-signal
Possible stop plan idea: Close at your target or a sell signal
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Friday we closed LOCO for +12.35% and TASR for +2.46%
Good Morning,
SPY: Most of December and all of January has been controlled by the sellers with continued lower highs, but so far the buyers have been able to keep price above the December Continue Reading
Just because a thing is small, that does not mean it is insignificant. Take the Doji candlestick signal! Typically resembling a plus sign or a cross, this small signal (formed of just one candlestick and lacking a body) is still important. In fact, it has the power to change traders’ buying and selling strategies. And when a basic Doji lacks an upper or lower shadow, it becomes either a Dragonfly or a Gravestone Doji. Although similar in appearance, the Dragonfly and the Gravestone have very different implications. To learn how to identify and translate these opposing signals, please scroll down . . .
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Today’s Swing Trade Ideas
FLEX/Long (Technology) FLEX has found support on the 200-period moving average twice this month creating a double bottom. The bull kicker yesterday gapped over the big three and closed near the recent high. Over $12, FLEX could work its way to $20.
Possible entry plan idea: Above the 50-day simple moving average
Possible stop plan idea: A close below the 50-day simple moving average
Covered YHOO short yesterday +12.17%
Up 17% on LOCO, plan to protect profits
Good Morning,
SPY: The SPY dropped to previous lows and then began to bounce and work its way up closing with a bullish Harami back inside the trading wedge we have Continue Reading
