Today’s Swing Trade Ideas
MILL/Long (Oil & Gas) After a 100% run MILL has pulled back to the 34 EMA, the last seven candlesticks are showing how the buyers are stopping the pullback. Notice the Bullish Engulf six days ago and how the following trading has been contained above the Bullish Engulf’s low.
Possible entry plan idea: Above $1.68
Possible stop plan idea: A close below $1.68
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More on how to trade MILL in the Live Trading Room 9:10 AM Eastern Trading Room.
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Good Morning,
SPY: Over the next few days, we may see a choppy SPY and market. Intraday yesterday gave everyone a bit of a scare, but the buyers Continue Reading
Today’s Swing Trade Ideas
CSCO/Long (Communication index) CSCO was a featured trade idea back on February 19. As you can see, there were a few days of consolidation and then yesterday printed a Bullish Engulf suggesting the buyers are still interested. Continue to hold while moving your stop up to protect profits and watching for candlestick sell signals for profit taking targets.
Possible entry plan idea: Above $29.92
Possible stop plan idea: A close below 29.64
Learn to trade 10%-30% swings
More on how to trade CSCO in the Live Trading Room 9:10 AM Eastern Trading Room.
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Good Morning,
SPY: The T-Line acted as support for the seventh time in the last 19 trading days in the SPY. The current trend is obviously bullish and Continue Reading
Today’s Swing Trade Ideas
NOG/Long (Energy sector ) In the last seven trading days, NOG has printed a double bottom, bullish piercing candle, five days of consolidation and a bullish morning star signal. Friday’s wick and not being able to close over the recent high could be a deal breaker, so for that reason we are using a breakout signal for entry.
Possible entry plan idea: Above $9.00
Possible stop plan idea: A close below The T-Line
Learn to trade 10%-30% swings
More on how to trade NOG in the Live Trading Room 9:10 AM Eastern Trading Room.
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Good Morning,
SPY: It is very important today to keep your eye on what price does in relationship to the T-Line. The last three candlestick signals Continue Reading
Today’s Swing Trade Ideas
MOBI/Long (Technology ) MOBI printed an impressive hammer 18 days ago followed by a 27% profit run. Recently, MOBI has found itself in a pull back printing a higher low with a couple of Dojis followed by a Bullish Engulf that ran through the big three closing over the T-Line. This is another high probability money-making rounded bottom breakout (RBB Pattern).
Click Here to learn more about the RBB Pattern.
Possible entry plan idea: Buy box entry between $3.93 and $4.31 for the breakout buyers.
Possible stop plan idea: A close below $3.93
Learn to trade 10%-30% swings
More on how to trade MOBI in the Live Trading Room 9:10 AM Eastern Trading Room.
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A BIG THANK YOU to all that visited the open trading room this week. We hope to see you in the trading room for the last open day. Please tell a friend and bring them with you. Again, thank you to all who made this last week very enjoyable. Rick
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Good Morning,
SPY: Yesterday was a little touch-and-go on who is going to come out ahead, the sellers or the buyers. The buyers managed to close Continue Reading
