Trade Ideas November 3, 2014

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Today’s Swing Trade Ideas

BCOV/Long  (Technology Sector Software Application) After Friday’s breakout on high-volume BCOV  has become a rounded bottom breakout with about 45% profit measuring from the 50 day simple moving average.  Notice the candlestick rounded bottom for the past two weeks.

My entry plan idea:  On a pullback below 6.55 and above the 50sma
My stop plan idea:    A close below the 50sma area

 

Good Morning,

SPY:  At the close on Friday, the SPY printed a hanging man candlestick signal which implies the sellers may try to push price away from its Friday high. Continue Reading

Trade Ideas October 31, 2014

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Today’s Swing Trade Ideas

GALT/Long  (Healthcare sector drug manufacturers)  GALT Looks poised for a run positioned in a Rounded Bottom Breakout (RBB) and a Doji continuation pattern or Doji sandwich.  $6.50 would make a good target which equals about 18 1/2%, then about $7.70 which is about 40% away.  At that point, we will then consider the 200-day simple moving average.

My entry plan idea:  Below $5.49 and above the T-Line would be my preference; buying above $5.49 would also work.   Just monitor the pullback.
My stop plan idea:    A close back below the T-Line

  • Live Trading Room Password Change this weekend.
  • FYI Tuesday’s Member E-Coaching can be found from “Member Blog” “Stock Chat Archives” – Login required.
  • The leaves are changing colors again. It’s time to turn back the clocks. As you find yourself with an extra hour, I hope you find a little something extra to enjoy – a nap, a walk or perhaps breakfast with your family and loved ones!

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Trase Ideas October 30, 2014

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Today’s Swing Trade Ideas

APT/Long (Healthcare Medical Devices) APT had a huge run a few weeks ago, it’s now pulled back to the 50 day simple moving average and near a double bottom. It appears it’s gapping this morning and $4.15 will be an important area to hold. APT has the potential of a swing trade of 20% to the 20 day simple moving average and another 37% to the crown.

My entry plan idea:  (Currently own @ 3.78) Buy on positive trading above $4.15
My stop plan idea:    A close below $4.14

Good Morning,

SPY: Yesterday I wrote that if the bulls could defend the 50-day simple moving average and price close above it, I would remain…

Continue Reading