Today’s Swing Trade Ideas

TSLA/Long  (Auto Manufacturers)  TSLA appears to be recovering from the 200- period moving average and has recovered two other times in the past from the 200-period moving average.  With yesterday’s close over the 50-period moving average and yesterday’s gap, it tells the story that the buyers are stepping in.  An inside day buy today just might make for a nice entry.

My entry plan idea:  A buy above $242.70 and below $250.95.   Of course, a breakout would work as well.
My stop plan idea:    Manage the trade with a stop on a close below the T-Line to start with.

The Rounded Bottom Breakout (RBB) E-Book Course is on sale right now for only 3 more days at $297.00.  November 14th at midnight, standard pricing applies.

Members $347.00

Retail $447.00

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Below are a few RBB Examples.  One $1,500 RBB trade at 20% would pay for the RBB course and you keep it for life.  Ready to learn a trading strategy that has rules and works?   Yes, I am!

UIC +25%

MITK +25%

ONE +24%

NDLS +29%

BCOV +20%

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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

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• 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.

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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