Today’s Swing Trade Ideas

SUPN/Long   (Healthcare Drug Manufacturer) SUPN has been controlled by the sellers for the past 3 to 4 months being held under the big three.  Recently  the buyers have taken charge running price from below the big 3 to above the big three.  Rolling up to the 200 period moving average and consolidating with the morning star signal supported with the T-Line SUPN is our featured trade idea today.

My entry plan idea: Buy on positive trading above the T-Line

My stop plan idea:  $8.66

• Over half the traders in the trading room went to the bank with 20-50% on DGLY yesterday.
• Below is the revised PCF for the TC2000 scan that we talked about last night in the Member E-Coaching .
• (((C – C20) / C20) > .12) and (C <= H3 or C <= H4) and C20 <= AVGC50.20 and C > AVGC50
• I have already put together several variations and will get them posted to the website soon.

Good Morning,

SPY:  The Bulls managed to pull the SPY back over the T-Line, but it is still in a foggy trading box.  Overall the Bulls are still controlling the SPY, S&P 500 and the rest of the market for the most part.  In the Continue Reading

Today’s Swing Trade Ideas

RATE/Long   (Internet Content & Information)Became A Rounded Bottom Breakout on November 10, consolidated for 14 days and yesterday closed with a Bullish Engulf over the T-Line, with a double bottom

My entry plan idea: But yesterday at $11.97) plan to add more on positive trading above $11.65
My stop plan idea:  $11.48

• Yesterdays featured trade idea (TZA) produced just under 4% for many.
• Members e-learning tonight 8 PM Eastern in the live trading room

Good Morning,

SPY:  For the first time in 29 days, the SPY closed below the T-Line, and after gapping down came dangerously close to a bearish island reversal.  The bulls will need to do a little work to pull themselves back Continue Reading

Today’s Swing Trade Ideas

TZA/Long   (Inverse ETF)TZA may be set up for short-term play to about $14.25, possibly higher but will have to evaluate each and every day

My entry plan idea: Would like to buy less than $13.50
My stop plan idea:   On a close below the T-Line

Good Morning,

SPY:  Last week’s candle pattern in the SPY is looking a little toppy, mostly to light volume in the market.  The question is:  How much will it carry over into this week?  And between retail sales, falling oil, a Continue Reading