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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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
