Today’s Swing Trade Ideas

SCOK/Long  (Basic Materials: Sector)  SCOK has pulled back from its October 20 gap filling the window and posting a Bullish Engulf yesterday.  From yesterday’s close to the high of October 20 is approximately 30% of profit anyone could be happy with.  The chatter yesterday on SCOK in the trading room was positive alerting our members.

My entry plan idea:  (Currently own @ $3.26)  Will add on positive trading and above $2.61
My stop plan idea:    A close below $2.59

Good Morning,

CLVS:  CLVS was a featured trade idea back in August, and we have talked about it several times in the trading room over the past couple of months.  CLVS has hit our target and then some with about 29% and more if you swung the peaks and valleys.  Great job to those who traded CLVS.

SPY:   More consolidation in the SPY yesterday.  Basically the bulls and the bears are getting along or maybe trying… Continue Reading

Today’s Swing Trade Ideas

BCOV/Long  (Technology Sector Software Application)  I first mentioned BCOV as a possible trade two days ago (November 3) as a rounded bottom breakout with about 45% possible profit measuring from the 50-day simple moving average to the 200-day simple moving average.  Prices rallied slightly with an inside day yesterday and now about 24% to target.  I am watching for a PBO J-Hook set up.

My entry plan idea:  (Currently own @ 6.67) Will add on a bullish candle
My stop plan idea:    A close below the 50 SMA

Good Morning,

VPCO ended up being a 53.64% trade and more for others in our trading room, Congratulations to all!

SPY:   Everybody sits on the edge of their seat and tries to figure out what the market reaction will be to such things as an election, and there’s always very good arguments on both sides.  But when it comes…

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Today’s Swing Trade Ideas

GPRO/Long  (Consumer Cyclical Sector Leisure)   Other than two wicks overlapping each other by just a few pennies, GPRO has formed a bullish island reversal pattern and gapped over the big three.  Closing yesterday at $84.32 sets GPRO up for testing $100 again and possibly moving higher.  As we all know, not all candlestick patterns are guaranteed, follow through is a must.

My entry plan idea:  (Bought yesterday @ $84.28) To add to GPRO above the 50 DMA or a breakout of $85.40
My stop plan idea:    A close below the 50 SMA area

Good Morning,

SPY:   What is a healthy pullback?  Most traders realize that to have a healthy bullish trend we also need healthy pullbacks as well.  So what is a healthy pullback? Continue Reading