Today’s Swing Trade Ideas

XOOM/Long  (Financial services)  X00M was in gap a couple days ago closing over the 50-day simple moving average creating a rounded bottom breakout pattern on a strong bullish candle.  Yesterday a Doji was formed above the 50-day simple moving average and in the upper half of Wednesday’s bullish candle creating a Doji continuation pattern or a Doji sandwich.  There may be a little consolidation which would open the door for a better price entry.

My entry plan idea:  In the buy box – between $15.86 and 16.98
My stop plan idea:  A close below $15.86

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Good Morning, 

SPY:   ♫♪All I want for Christmas are my two front teeth♫♪ And a big bullish rally Santa delivers.  What a remarkable reverse in trading attitude the last two days. The Bulls have Continue Reading

Today’s Swing Trade Ideas

DGLY/Long  (Technology sector)  After forming a bullish kicker on December 2 and a small rally, profit taking took over pulling the chart back to its 50-day simple moving average where it started to create a bottom.  Tuesday formed an inverted hammer followed by yesterday’s gap above the 20-day simple moving average and the Doji.  In the recent past, you can also see a bullish “W” pattern.

My entry plan idea:  In the buy box – between $13.22 and $17.03
My stop plan idea:  A close below $13.19

• WRES was a quick day trade for +30.77% along with SN +12.4%
• On Friday, December 19, we have a special guest (one of our own members) that will present at 2 PM Eastern and you are invited. No password needed; we will post the link tomorrow morning.

Good Morning, 

SPY:   In yesterday’s morning email I posted a pretty picture of what I thought yesterday would end up (bullish morning star).  We had the bullish inverted hammer in place; we just needed the bullish candle follow-through and like magic, it appeared.  It wasn’t magic; it was reading the candlestick signals.  Continue Reading

Today’s Swing Trade Ideas

UBNT/Long  (Communication Equipment) UBNT has formed a double bottom with a Doji Bullish Engulf in early December and a Doji continuation pattern in the last three bars.  A close over the 50-day simple moving average yesterday has set up the rounded bottom breakout pattern.

My entry plan idea:  Ideally buy above $30.74 and below $32.77 or buy on positive trading above yesterday’s high.
My stop plan idea:    On a bearish candlestick signal below 30.74.

Good Morning, 

SPY:   Yesterday was another day where the SPY closed below the T-Line after attempting a monster one-day rally but gave it all back before the close.  I don’t believe the SPY has reached its low; Continue Reading