Today’s Swing Trade Ideas
No Trade Idea today
My entry plan idea:
My stop plan idea:
The best trading group to hang out with! Why? Yesterday AMPE was posted as a buy around $3.70 and soared 20% from its open to high. SQQQ was the featured trade idea $33.60 – $34.60, looks good on a weaker market. PDCE was a stock pick on the members’ private list, up 10% from the open to the high yesterday.
Good Morning,
Stock, bond markets tumble as Swiss let franc soar LONDON (Reuters) – “Global markets were thrown into turmoil on Thursday as a shock move by Switzerland to abandon its three-year cap on the franc sent the currency soaring and Europe’s shares and bond yields Click Here
SPY: Yesterday in the trading room I was asked what I thought the market was going to do today and the next few days? I answered, Continue Reading
Today’s Swing Trade Ideas
SQQQ/ Long (Ultra Pro short) SQQQ formed a bullish piercing candle on January 9 from a profit taking pull back followed by bullish confirmation closing over the big three with about 8% to the first minor target and possibly more on market weakness.
My entry plan idea: (Bought yesterday at $31.30) Buy or add to on positive trading above the big three.
My stop plan idea: A close below 30.25
PHMD – Many of us in the trading room had been in PHMD, and profits were taken yesterday anywhere from 14% to 50%. It was a nice day in the H&R trading room.
Good Morning,
SPY: The SPY closed at $202.80, well below $203.51 where yesterday I noted sellers would have control. Price did close within the pennant Continue Reading
Today’s Swing Trade Ideas
PACB / Long (Healthcare Biotechnology) After a slight pullback to the 20-day period moving average, PACB gapped yesterday forming a bull kicker closing above the T-Line. The chart is suggesting approximately $10.25 as a future target, which is about 20%.
My entry plan idea: Inside day buy, below $8.34 and above the T-Line
My stop plan idea: A close below the T-Line
**NUGT – Yesterday NUGT was our featured trade idea, and we bought and sold NUGT for a 8.6% daytrade.
Good Morning,
SPY: While the SPY trades in its symmetrical triangle, it will continue to be range bound until one of two movements happen: one movement Continue Reading
Today’s Swing Trade Ideas
NUGT / Long (Gold Miners Bull ETF) NUGT became a Rounded Bottom Breakout on January 7 and continues to consolidate above the 50-period moving average. You can see all eight of the Rounded Bottom Breakout setup rules found in the e-book. Also, a bullish double bottom and a Doji Bullish Engulf secured the 20- period moving average.
My entry plan idea: Below $15.59 would be nice, but I’d also take an entry below $16.86.
My stop plan idea: I’m going to use a 5% stop or a bearish candlestick on the close
Good Morning,
SPY: The bearish pattern that I have mentioned over the past week or two is still hanging over the market. Last week we had a nice little relief Continue Reading
