Today’s Swing Trade Ideas
NUGT / Long (Gold Miners Bull ETF) NUGT became a Rounded Bottom Breakout on January 7 and continues to consolidate above the 50-period moving average. You can see all eight of the Rounded Bottom Breakout setup rules found in the e-book. Also, a bullish double bottom and a Doji Bullish Engulf secured the 20- period moving average.
My entry plan idea: Below $15.59 would be nice, but I’d also take an entry below $16.86.
My stop plan idea: I’m going to use a 5% stop or a bearish candlestick on the close
Good Morning,
SPY: The bearish pattern that I have mentioned over the past week or two is still hanging over the market. Last week we had a nice little relief Continue Reading
Today’s Swing Trade Ideas
TGTX / Long (Healthcare) TGTX has formed a support line near the $15.40 area. After a big snap to the upside, we are seeing profit taking near the 20-day simple moving average. Yesterday formed a morning star-type reversal signal. On a breakout of the recent high, we would have a J-Hook continuation pattern with a 30%-plus profit target.
My entry plan idea: Positive trading above yesterday’s close or an inside day
My stop plan idea: A close below the T-Line for now
Featured Trade Idea — CUR up 20% in 2 days
Featured Trade Idea (yesterday) up 5.86%
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Attention members: Inside the members’ blog post today you will find six leading sectors listed.
Good Morning,
SPY: The bearish “M” continues to wane on the SPY. The T-Line trend is now close below the big three (20 SMA, 34 EMA, 50 SMA). On the Continue Reading
Today’s Swing Trade Ideas
LOCO / Long (Restaurants) LOCO was trading bearish for several days below the T-Line, and a low was put in on December 16. Then for the next week or so, price moved sideways still underneath the T-Line with a slight dip creating a scoop pattern. A tiny bullish Harami sparked a gap with another gap closing over the T-Line and the 20-day simple moving average. The T-Line is currently 13% away from the 34 EMA. If bought low enough, we can call this a pinball setup to the 34 EMA and on continued follow-through, there is a possible 25% profit to the 50-period moving average.
My entry plan idea: Inside day buy below yesterday’s high and above the T-Line
My stop plan idea: A close back below the T-Line for now
Yesterday’s featured trade idea ran 12.4%
Yesterday we sold:
AG for a 27.54% profit
GFI for a 14.69% profit
JNUG for a 27.77% profit
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Good Morning,
SPY: From a longer view, we still have a bullish trend, but the short-term trend or what I refer to as the swing traders’ trend is Continue Reading
Today’s Swing Trade Ideas
CUR / Long (Healthcare Biotechnology) On October 20, 2014, CUR painted a long wick, and for the past three months, CUR has consolidated sideways. It painted a bullish morning star about two weeks ago and then formed your basic 1-2-3 pattern with another morning star and a Doji sandwich (continuation pattern) in one of our Rounded Bottom Breakout patterns (RBB)
My entry plan idea: Inside day below yesterday’s high and above yesterday’s low
My stop plan idea: A close back below 2.75
H & R Members Watch-list January 5, 2015
JNUG + 16.52%
UVXY +14.39%
EXK +4.80%
Good Morning,
SPY: Yesterday’s close below the T-Line suggests the short-term sellers are still in control, and you can see on your chart that the candlestick is Continue Reading
