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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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
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
