Today’s Swing Trade Ideas
ISNS/Long (Technology Sector Software Application) ISNS is setting up to possibly be one of our Rounded Bottom Breakouts (RBB). It hasn’t broken out over the 50-day moving average yet, but if it does, it could easily run to the 200- period moving average which is about 15% from the 50-period moving average. ISNS has been trading in a bearish manner for a few weeks. A few days ago, a Bullish Engulf was printed followed by a couple of Doji’s and then another very small Bullish Engulf with a volume breakout, yesterday’s close over the T-Line and the 20-period moving average.
My entry plan idea: Below 3.33 and above the T-Line
My stop plan idea: A close below the T-Line
Good Morning,
SPY: Yesterday, a bearish dark cloud cover was printed on the SPY after reaching a new high into resistance. A bearish dark cloud cover does not necessarily mean…
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Today’s Swing Trade Ideas
ACHN/Long (Healthcare Biotechnology)
Is trying to put together a Doji continuation pattern, some know it as a (Doji sandwich) above the big three and after constructing a two-week base. ACHN was also a featured trade idea on October 17. As of the close yesterday we are still looking for approximately 20% in this position.
My entry plan idea: Accumulate below $12 and above $11.60
My stop plan idea: A close below $11.60
Good Morning,
SPY: Yesterday the Bulls were able to close above 192.70 and the 20 day simple moving average. There is no doubt that the Bulls have had a fantastic rally the…
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Today’s Swing Trade Ideas
VHC/Long (Technology Software Infrastructure) VHC is set up as one of our Pinball strategies with a double bottom and what looks like a reverse cup and handle. The Pinball setup was actually three days ago, but yesterday the buyers painted a Bullish Engulf closing over the 20 SMA and the T-Line. Based on Pinball rules, we look at the 34 EMA as the target direction and with 39% possible, how can we pass up this trade. Last Tuesday night, the members’ e-learning was dedicated to the Pinball setup. You can find the video in the members’ area under “archived videos.”
My entry plan idea: An inside day, buy below yesterday’s high and above yesterday’s low.
My stop plan idea: A close below the T-Line
Yesterday in the trading room we exercised our right to be profit traders:
Closed SHLD for 28.97%,
Closed ESI for 39.74%,
SVXY currently up 10.28% on the profit trader list,
SCOK currently up 8.25% on the profit trader list.
It helps to have over 100 friends in a trading room to talk and trade with. So why not make Hit & Run Candlesticks your “Cheers” Trading Room?
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