Today’s Swing Trade Ideas
ESI/Long (Education and Training Services) ESI has printed a bullish morning star signal that closed right at the 50-day simple moving average. For about 3-1/2 months, it’s been cruising sideways after its October bullish pop. From yesterday’s candlestick pattern, we are looking for a 20% plus move.
Entry, Stop & Profits for ESI will be discussed at 9:10 Eastern in the Trading Room Click Here to Join
Yesterday’s featured trade idea and members list: (LPI) produced 16.55% yesterday. We also closed LINE, MCEP and SN for 16.44%, 17.66% and 34.6%. For almost two weeks we’ve been waiting to pounce on these oils.
If you missed last night’s Member E-Learning you can find it posted in the members area
Good Morning,
SPY: The power of bubbling crude. The energy sector saw a bounce the last couple of days, and you can see it in charts such as USO, XLE, OIH, ERX, and SX90. With oil Continue Reading
Today’s Swing Trade Ideas
LPI/Long (Energy) LPI closing over the 50-period moving average yesterday made it a Rounded Bottom Breakout. Yesterday, LPI saw confirmation closing over the 50-period moving average after a Doji /Bullish Engulf. This candlestick pattern suggests buyers are very interested. Note the void in late November.
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Yesterday’s featured trade idea and members list – (UVXY) produced 10% before turning back down; SN gapped and closed for 12%; SD gapped and closed for 9.9%; OIL, LINE, and CLR closed very well with nice-looking chart setups.
Good Morning,
SPY: Once again the SPY has found support with the December low of $197.86 while closing at $201.92, right at the T-Line. Yesterday’s close put us back in our original Continue Reading
Today’s Swing Trade Ideas
UVXY/Long (Ultra Vix Short Term Futures ETF) UVXY was first posted on our members watch-list on January 16 as a chart to watch and trade accordingly to the market, it started hinting a PBO buy on January 23 and has had a 34% run. The continuation pattern of the last three days last week and the close over the 200 day simple moving average suggest there is still bullish interest.
Possible entry plan idea: Buy on a buy-signal
Possible stop plan idea: Close at your target or a sell signal
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Friday we closed LOCO for +12.35% and TASR for +2.46%
Good Morning,
SPY: Most of December and all of January has been controlled by the sellers with continued lower highs, but so far the buyers have been able to keep price above the December Continue Reading
