Today’s Swing Trade Ideas

SQQQ/ Long (Ultra Pro short)  SQQQ formed a bullish piercing candle on January 9 from a profit taking pull back followed by bullish confirmation closing over the big three with about 8% to the first minor target and possibly more on market weakness.

My entry plan idea:  (Bought yesterday at $31.30) Buy or add to on positive trading above the big three.
My stop plan idea:   A close below 30.25

PHMD –   Many of us in the trading room had been in PHMD, and profits were taken yesterday anywhere from 14% to 50%.  It was a nice day in the H&R trading room.

Good Morning, 

SPY:  The SPY closed at $202.80, well below $203.51 where yesterday I noted sellers would have control.  Price did close within the pennant Continue Reading

Today’s Swing Trade Ideas

PACB / Long (Healthcare Biotechnology)  After a slight pullback to the 20-day period moving average, PACB gapped yesterday forming a bull kicker closing above the T-Line.  The chart is suggesting approximately $10.25 as a future target, which is about 20%.

My entry plan idea:  Inside day buy, below $8.34 and above the T-Line
My stop plan idea:   A close below the T-Line

**NUGT – Yesterday NUGT was our featured trade idea, and we bought and sold NUGT for a 8.6% daytrade.

Good Morning, 

SPY:  While the SPY trades in its symmetrical triangle, it will continue to be range bound until one of two movements happen:  one movement Continue Reading

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