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

Swing Trade Ideas December 15, 2014

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

Swing Trade Ideas December 12, 2014

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

Shooting Star Candlestick Pattern

Second star to the right and straight on till morning! Well, not quite, Peter Pan. Those directions will take you to Neverland, but if you’re looking for a Shooting Star candlestick pattern, you’ll need better directions. This bearish reversal signal, which looks uncannily like the Inverted Hammer, is found at the end of an uptrend and heralds a falling price. It is formed by a single candle with a short body, little or no lower shadow, and a very long upper shadow. If you’re wondering exactly what a Shooting Star candlestick pattern looks like or what it might mean for future prices, scroll down. Everything you need to know is below . . .
Continue Reading