Today’s Swing Trade Ideas
LRAD/Long (Technology Sector) LRAD is forming a bullish W pattern that has now come back over the big three with a 13.88% move yesterday after a PBO double bottom pattern with about a 20% profit target or more depending on your entry and exit.
My entry plan idea: Below $3.20 inside day
My stop plan idea: A close below the T-Line for now
MITK, URZ, SNSS, KING, SPEX, BDBD, EXK are all double digit gainers from our MEMBERS’ trade Ideas over the last 12 days ranging from 10 – 44%. Looking for a friendly “Cheers” like trading room?
Good Morning,
SPY: The flagship of stock trading which is price continues to sail into bullish waters. The SPY has been consolidating over the last few days and the bullish decision of yesterday is forming a Continue Reading
Today’s Swing Trade Ideas
EXK/Long (Basic Materials Silver) EXK has been in a downtrend and is now trying to construct at least a short-term bottom. The bottom construction started on November 10 then on November 14. A bullish engulf was printed with a bullish doji harami follow-through yesterday closing over the t-line. EXK is now set up in a strategy we call “The Pinball.” With the first target around $3.50, an entry below or very near $2.87 could produce about a 23% profit.
My entry plan idea: Below $2.87
My stop plan idea: A close below the T-Line
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Good Morning,
SPY: The SPY continues to maintain its bullish posture by continuing to close above the t-line and with a tiny bullish engulf after two doji’s. All of this happening yesterday while there was talk about a Continue Reading
Perhaps the most macabre candlestick in name, the Hanging Man candlestick pattern is said to resemble a hanging man because of its short body and long shadow (which can look like dangling legs). Occurring after an uptrend, this bearish reversal pattern is composed of only one candlestick and it signifies that the prior uptrend is ending. Momentum is decreasing and the direction of the stock may soon be changing (this is especially likely if you can confirm the Hanging Man with decreasing prices the following day). Although identical to the Hammer candlestick in shape, the Hammer occurs at the end of a downtrend, while the Hanging Man sticks to uptrends.
When you see a Hanging Man, you’ve been warned: a price change may soon be on the way. To learn more about this reversal signal, please scroll down . . .
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Today’s Swing Trade Ideas
TZA/Long (Small-cap bear 3X) TZA printed a bullish piercing candle on Thursday and a Doji Friday at the upper wick area of Thursday’s piercing candle telling us that the buyers are taking charge with the whole Harami Doji continuation candle. A close over the t-line could set us up for about a 10-15% bounce if the sellers in the market has their way.
My entry plan idea: A buy above the T-Line.
My stop plan idea: A close below the T-Line
Good Morning,
SPY: Last week I wrote about how a Doji needs attention especially after a long trend and that the subsequent following candle can be very telling. Friday ended up Continue Reading
