Today’s Swing Trade Ideas
TASR/Long (Aerospace and Defense) I could really kick myself for not buying TASR yesterday as it started moving up through the 20-period moving average. We talked about it in the trading room and several of our members did take advantage of it. Yesterday’s close produced a bullish morning star signal after a run from late October with a slight profit taking pull back starting in late December.
Possible entry plan idea: Inside day or breakout of yesterday’s candle
Possible stop plan idea: Below $29.50
Good Morning,
SPY: Yesterday’s close at $202.05 put us back in the symmetrical wedge that we had drawn a week and a half ago. Any trading within that wedge is simply Continue Reading
Today’s Swing Trade Ideas
EXK/Long (Basic Materials Silver) EXK had four days of consolidation after a Rounded Bottom Breakout (RBB) pattern. Friday printed a bull kicker-type signal and the combined overall pattern has the possibility of a 30% plus return.
Possible entry plan idea: Positive trading over $2.73
Possible stop plan idea: Below $2.49
Good Morning,
SPY: Friday’s bullish piercing candle, two cents from a Bullish Engulf and what appears to be no bad news over the long weekend Continue Reading
Do you have an umbrella handy? When dark clouds are on the horizon, you know that a downpour could soon be on the way. Similarly, when you spot the Dark Cloud Cover pattern on a Japanese candlestick chart, you need to anticipate the arrival of a bearish reversal. This candlestick pattern is somewhat easy to spot because its formation clearly reflects its name: at the end of an uptrend (i.e., a sunny day), a black candle appears (a “dark cloud”), heralding a reversal. Let’s learn a little more about this ominous signal . . .
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