Today’s Swing Trade Ideas
BCOV/Long (Technology Sector Software Application) BCOV was a featured trade idea on November 3, again on November 5, and now today. BCOV has had a nice PBO with a Bullish Engulf off the T-Line and positive follow-through demonstrating the Bulls are in charge. A bullish J-Hook is forming that could push BCOV into the gap and up to the 200-day simple moving average, approximately 19% from yesterday’s close.
My entry plan idea: Currently long from $6.56, I will consider adding on intraday consolidation and a new buy might be considered on a J-Hook breakout over $7.00.
My stop plan idea: A close below the T-Line
- E-Coaching open to the public tonight at 8 p.m. Eastern in the Live Trading Room
- No password required, Trading Room opens at 2 p.m. Eastern Click Here
- The long awaited Rounded Bottom Breakout E-Book Course is on sale right now for a very special pre-launch discount of $297.00 for the next 3 days! Starting November 15, 2014 the cost will be as follows: Retail non-members $447.00, members $347.00. Your discounted pre-launch cost is only $297 for the next 3 days.
Continue Reading
Today’s Swing Trade Ideas
REXX/Long (Energy Sector Oil and Gas) With a close over the T-Line REXX will confirm our pinball setup strategy, prices found that the T-Line can be a strong resistance line and keep price pushed down, Friday price took control and closed over the T-Line following a double hammer bottom. With about 20% to the pinball target. Remember to keep your stops in place and trade with your rules.
My entry plan idea: Below $8.27 and above $7.38
My stop plan idea: A close below the T-Line
Good Morning,
SPY: The spy continues its bullish journey and has had only PBO profit taking signals… Continue Reading
Today’s Swing Trade Ideas
REXX/Long (Energy Sector Oil and Gas) With a close over the T-Line REXX will confirm our pinball setup strategy, prices found that the T-Line can be a strong resistance line and keep price pushed down, Friday price took control and closed over the T-Line following a double hammer bottom. With about 20% to the pinball target. Remember to keep your stops in place and trade with your rules.
My entry plan idea: Below $8.27 and above $7.38
My stop plan idea: A close below the T-Line
Good Morning,
SPY: The spy continues its bullish journey and has had only PBO profit taking signals… Continue Reading
Today’s Swing Trade Ideas
NLNK/Long (Healthcare Sector Biotechnology) NLNK recently broke above the big three and the 200-day simple moving average and has now pulled back to the 20- day simple moving average. Yesterday it closed over the T-Line forming what looks like a J-Hook PBO. From the T-Line to the recent high is about 25%.
My entry plan idea: Above the 20-day SMA and below yesterday’s high (inside day)
My stop plan idea: A close below $30.53
Good Morning,
SPY: Yesterday the SPY broke out ahead of job numbers yesterday… Continue Reading
Today’s Swing Trade Ideas
SCOK/Long (Basic Materials: Sector) SCOK has pulled back from its October 20 gap filling the window and posting a Bullish Engulf yesterday. From yesterday’s close to the high of October 20 is approximately 30% of profit anyone could be happy with. The chatter yesterday on SCOK in the trading room was positive alerting our members.
My entry plan idea: (Currently own @ $3.26) Will add on positive trading and above $2.61
My stop plan idea: A close below $2.59
Good Morning,
CLVS: CLVS was a featured trade idea back in August, and we have talked about it several times in the trading room over the past couple of months. CLVS has hit our target and then some with about 29% and more if you swung the peaks and valleys. Great job to those who traded CLVS.
SPY: More consolidation in the SPY yesterday. Basically the bulls and the bears are getting along or maybe trying… Continue Reading
