Today’s Swing Trade Ideas

UVXY/Long (Ultra VIX short) UVXY is a play on market fear.  Yesterday’s Bullish Engulf closing over the 200-period moving average comes after a continuation pattern, a PBO Bullish Engulf, and a little rounded bottom, not to mention the bullish “W” pattern and the little cup and handle.  Let’s not forget The Rounded Bottom Breakout (RBB) pattern.

My entry plan idea:  (I already own it) but will be looking to add more on positive trading above yesterday’s open.  More than likely, I will be closing this out today.
My stop plan idea:   Below $31.35

The best trading group to hang out with!  Why?  MUX and CLF were pointed out by members yesterday as nice set-ups.  Sold SA yesterday for a small percent. Profits are profits.  Took a few losses yesterday heading into the long weekend. Monday is a holiday, so there’s a high probability of a little more selling today because of traders wanting to be flat for three days off.

Good Morning, 

SPY:  Eleven days ago, I started talking about the bearish “M” pattern setting up in the SPY.  Since then, the SPY has lost 3.6% and Continue Reading

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