No featured trade idea today
My entry plan ideas:
Good Morning,
SPY: It’s my opinion the market is beginning to form a top and we should see price fall further yet. It’s also my opinion that we will see relief along the way. Until I see a bullish bottom constructed, I will lean toward more short setups and inverse ETF long trades. I will pick up a few long trades, but I will also tighten up my rules on profit taking and stops.
BLOX (Technology Sector Communication Equipment) Yesterday confirmed a Bullish Engulf closing over the T-Line and the 20 day simple moving average in Our Rounded Bottom Breakout chart pattern. With 40% to the 200 day simple moving average and 20% to the 17.15 mid-target I think we can all profit. In $1000 investment at 20% would make a $200 profit. A $10,000 investment at 20% would make it $2000 profit.
GPRO (Consumer Cyclical Sector Leisure) GPRO has formed a bullish J-Hook breakout over the recent high of $76.25. $80.00 is a good near-term target with the possibility of $84 in the near to medium term.
When it comes to investing, would you rather be a wallflower, sitting at a table in the same club all night, or a party animal, bouncing from club to club and always out on the dance floor? In other words, do you want to be a long-term investor or a swing trader?
There are many different types of investing, including swing trading, scalp trading, day trading, and long-term investing, but your preferred method will depend on how you like to play the game. Do you want to stick with the same trade for years or even decades at a time? Or would you prefer to bounce from trade to trade, profiting from smaller swings in the market? How much time are you willing to devote to investing? Are you patient or restless? Do you like the “slow and steady” method or would you rather have quick and volatile relationships with your stocks? Today we’re focusing on just two methods, comparing swing trading vs. long-term investing, so that you can decide how you want to trade.
MU (Technology Sector Semiconductor Memory) MU has been forming a top with lower highs with a bearish evening star formed at the big three and T-Line leading down below $29.50. The 200-day simple moving average becomes the target.
TZA (Small Cap Bear 3X) Also featured on September 5, TZA has now formed higher lows and higher highs. Friday’s close is set to launch the higher high today. The bullish rising method painted in the TZA picture will try to launch price into the low $16 area and then maybe try to sneak to the 200-day simple moving average. This would be about a 12-1/2% swing trade from the featured date.
ARNA (Healthcare Sector Biotechnology) The candlesticks are showing a double bottom yesterday, and ARNA had a 9.49% move closing close to the 50-day simple moving average. This could be a sign that the bottom is starting to build, and the rally we are looking for is near. The potential trade is about 30%
FEYE (Technology sector software application) FEYE has the potential of a 35% move with almost a five-month base after its decline and appears to be taking control. Yesterday’s bullish morningstar signal over the big three is the indication of the possible rally and attack of the 200-day simple moving average.
REXX (Energy Sector Oil and Gas) REXX started its move in early August with a run to the 50-day simple moving average pulling back slightly and closing over the big three on September 15 and showed follow-through yesterday with about 17 1/2% to the 200-day moving average. REXX is looking like a chart we could profit from. Note the energy sector is forming a bullish morning star signal.
