Today’s Swing Trade Ideas

GMCR/Short (Defensive sector packaged foods) GMCR is forming a dreaded “H” pattern after a lower high failing the 50-day simple moving average. The 20- period moving average has now crossed below the 50-period moving average. I’m looking for GMCR to drop close to another 10%.

My entry plan idea:  On an intraday bounce inside yesterday’s candle or on weakness below yesterday’s close but with caution not to chase.
My stop plan idea:    $136.80

Good Morning, 

SPY:   The overall market remains controlled by sellers in the SPY below the 50-day simple moving average yesterday showing no signs of a true bullish reversal and only possibilities of an Continue Reading

Today’s Swing Trade Ideas

CURT/Long  (Technology Sector Communication Equipment)  CURT Is currently a featured trade idea, thought I would post it again because of the chart formation.  The rounded bottom is still intact, the close over the T-Line in the 20 simple moving average are holding nicely.  With a 2 bar consolidation still holding in the bar that got our attention and Friday closing with a near-perfect Doji sets this chart up For a Nice Pinball Play

My entry plan idea: Below 1.16 and above 1.07
My stop plan idea:  Pinball rules = a close below the T-Line

Good Morning, 

SPY:   If the SPY manages to put in an oversold bounce today because it got there a little too quickly, it is possible we do see an oversold bounce.  The end-of-the-day close is what counts, and the end-of-the-day Continue Reading

Today’s Swing Trade Ideas

SPXS/Long  (S&P 500 Bear 3X ETF)  SPXS is an inverse ETF play that is forming a Doji continuation pattern or you may know it as a Doji sandwich.  For the past three months, SPXS has been forming a rounded bottom and has now started a bullish “W” pattern from late November and early December and has led to price closing over the T-Line and the 20-day simple moving average with a Doji continuation pattern formed by the last four bars, and today may be the continuation bar.

My entry plan idea: Buy on positive trading above the T-Line and/or on trading above 21.77
My stop plan idea:  A close below 21.61

ACAN Featured Swing Trade on December 20 is now a close with  +14%

ALNY Featured Swing Trade on November 14 is now a close with  21%

Saturday Rounded Bottom Breakout Seminar/Clinic

When: Saturday December 13, 2014

Time: 11:00 AM Eastern

Where: Online in the Trading Room

For more information: Click Here

Good Morning, 

SPY:   “Keep It Simple” is something we work very hard at here at Hit-And-Run Candlesticks, and one of our swing trade strategies is to follow what price is doing in relationship to the T-Line.  The chart Continue Reading