Today’s Swing Trade Ideas

REN / Long (Energy sector)  REN is a pinball setup with about 39% to the pinball target.  REN is a 1-2-3 chart with a confirmed bullish morning star that has now closed back above the T-Line and the 20-day simple moving average.  The chart is still in a confirmed downtrend; therefore, we are only looking for a relief rally.

My entry plan idea:  Inside day with a close over the 20-day period moving average would be nice.
My stop plan idea:   A close back below the T-Line.

Trade management is so very important.

Good Morning, 

SPY:   Prices closed back down through the T-Line which means the bullish swing trader has lost control until a bullish reversal signal and
Continue Reading

Today’s Swing Trade Ideas

No Featured trade ideas until next year

My entry plan idea:

My stop plan idea:

Remember last week we were talking about KNDI? How would you have liked to have bought it on the 23rd? KNDI was a trading room call at 11.36 on the 23rd

Good Morning, 

Thank you and Happy New Year from Rick Saddler and Hit & Run Candlesticks.  It’s because of traders just like you that have made the H&R Live Trading room such a success, which in turn has helped many traders find there trading path.

SPY:   The SPY lost ground yesterday gapping and closing below its open.  There is a high probability of price testing the T-Line today.  Let’s not read too much into the market this New Year’s week; 2015 is right around the corner. Continue Reading

Today’s Swing Trade Ideas

No Featured trade ideas until next year

My entry plan idea:
My stop plan idea:

Good Morning,

SPY:   The buyers have maintained control of the SPY through last week’s holiday, and it would appear they’re doing the same through this week’s Continue Reading