Today’s Swing Trade Ideas

SIGM/Long   (Semiconductor) SIGMHas formed a four bar cradle pattern after pulling back to the 20 day simple moving average on the daily chart.  The three-day chart has formed a little flag supported by the big three.  The three-day chart is also a rounded bottom breakout.

My entry plan idea:  Positive trading over the T-Line, but don’t Chase
My stop plan idea:  A close below $4.35

• How to Trade Gaps Webinar Today 1:30 PM Eastern Open to the public
• Click Here to enter the webinar today (No password needed)
• Another great day yesterday for the trading room and DUGLY

Good Morning,

SPY:  The spy continues to maintain its bullish posture overall and even though the last nine trading days has just move sideways making noise.  As of the close Continue Reading

Today’s Swing Trade Ideas

ALB/Long   (Basic Materials Specialty Chemicals) ALB dropped below the big three in mid-July made lower lows and lower highs.  Then on November 4th and 5th a Doji candlestick with a gap and a bullish close over the 50 day simple moving average and the big three.  The chart begin to consolidate pulling back below the 50 day simple moving average.  The last four candlesticks are showing a bullish cradle pattern and the two day chart is showing a bullish Harami.

My entry plan idea: Buy on an inside day
My stop plan idea:  A close below $59.17

• Yesterday’s featured trade idea (SUPN) up 6.3%. At the close.
• FYI Tuesday nights coaching has been posted to the members area
• Mark your calendars for December 13, 2014 ay 11:00 AM Eastern for an online clinic with the Rounded Bottom Breakout Pattern as the topic. This will be a paid event, details to follow.

Good Morning,

SPY:  The SPY grinds higher with a Bullish Engulf formed on Tuesday and bullish follow-through on Wednesday, and price continues to ride the T-Line into the beyond.  Outside of a few blips and dips, the Continue Reading

Today’s Swing Trade Ideas

SUPN/Long   (Healthcare Drug Manufacturer) SUPN has been controlled by the sellers for the past 3 to 4 months being held under the big three.  Recently  the buyers have taken charge running price from below the big 3 to above the big three.  Rolling up to the 200 period moving average and consolidating with the morning star signal supported with the T-Line SUPN is our featured trade idea today.

My entry plan idea: Buy on positive trading above the T-Line

My stop plan idea:  $8.66

• Over half the traders in the trading room went to the bank with 20-50% on DGLY yesterday.
• Below is the revised PCF for the TC2000 scan that we talked about last night in the Member E-Coaching .
• (((C – C20) / C20) > .12) and (C <= H3 or C <= H4) and C20 <= AVGC50.20 and C > AVGC50
• I have already put together several variations and will get them posted to the website soon.

Good Morning,

SPY:  The Bulls managed to pull the SPY back over the T-Line, but it is still in a foggy trading box.  Overall the Bulls are still controlling the SPY, S&P 500 and the rest of the market for the most part.  In the Continue Reading