Today’s Swing Trade Ideas
MUR/Long (Oil and gas ) MUR formed a Bullish Belthold February 19 followed by a Doji then a Bullish Engulf yesterday that closed above the T-Line. MUR has also become a Rounded Bottom Breakout (RBB)
Possible entry plan idea: Buy box entry between $47.40 and $50.75 for the breakout buyers.
Possible stop plan idea: A close below $47.40
Learn to trade 10%-30% swings
More on how to trade MUR in the Live Trading Room 9:10 AM Eastern Trading Room.
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***Thanks to the members that are in the trading room for their post of FSLR last week. Many of us are already in a position as the stock gaps up this morning. Remember, gaps are gifts, so don’t be afraid to take some profits.
Good Morning,
SPY: Special note: Janet Yellen is to speak at 10 AM Eastern today. Yesterday was another bullish-weighted day with price closing in Continue Reading
Today’s Swing Trade Ideas
RUBI/Long (Technology ) Longer-term RUBI is forming a cup and handle. The handle started to reverse and take shape in early February making a high followed by a PBO making a lower high followed by a rally that is currently closing over the T-Line. Note the bullish Doji sandwich which equates to a bullish continuation pattern. Possible targets would be about $18.80 and $20.50.
Possible entry plan idea: Buy box entry between $16.67 and $17.70 for the breakout buyers.
Possible stop plan idea: 16.67
Learn to trade 10%-30% swings
More on how to trade RUBI in the Live Trading Room 9:10 AM Eastern Trading Room.
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Good Morning,
SPY: Based on the early morning futures, we should see an inside open. Friday the buyers had the Continue Reading
Today’s Swing Trade Ideas
DNR/Long (Oil and Gas) DNR, a Hit-and-Run Candlestick Rounded Bottom Breakout has formed a double bottom followed by a breakout over the construction area.
Possible entry plan idea: Buy Box Entry between $8.45 and $9.30
Possible stop plan idea: For now, a close below the T-Line
Learn to trade 10%-30% swings
More on how to trade DNR in the Live Trading Room 9:10 AM Eastern Trading Room.
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Good Morning,
SPY: There’s not much change from yesterday. The buyers and the sellers managed to keep price in the same area closing down only 15 cents from the Continue Reading
Today’s Swing Trade Ideas
CSCO/Long (Communication Equipment) A few days ago, CSCO gapped on positive earnings then consolidated for the last three days above the gap candle low (28.84).
How to trade CSCO- Entry, Stop & Profit, Candlesticks signals and patterns in the Live Trading Room 9:10 AM Eastern Trading Room.
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Good Morning,
SPY: Watch for a choppy, whippy market as profits are pulled and protected out of the market. Consolidation is due. The SPY has remained bullish for the last Continue Reading
