Trade Ideas October 31, 2014

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Today’s Swing Trade Ideas

GALT/Long  (Healthcare sector drug manufacturers)  GALT Looks poised for a run positioned in a Rounded Bottom Breakout (RBB) and a Doji continuation pattern or Doji sandwich.  $6.50 would make a good target which equals about 18 1/2%, then about $7.70 which is about 40% away.  At that point, we will then consider the 200-day simple moving average.

My entry plan idea:  Below $5.49 and above the T-Line would be my preference; buying above $5.49 would also work.   Just monitor the pullback.
My stop plan idea:    A close back below the T-Line

  • Live Trading Room Password Change this weekend.
  • FYI Tuesday’s Member E-Coaching can be found from “Member Blog” “Stock Chat Archives” – Login required.
  • The leaves are changing colors again. It’s time to turn back the clocks. As you find yourself with an extra hour, I hope you find a little something extra to enjoy – a nap, a walk or perhaps breakfast with your family and loved ones!

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Trase Ideas October 30, 2014

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Today’s Swing Trade Ideas

APT/Long (Healthcare Medical Devices) APT had a huge run a few weeks ago, it’s now pulled back to the 50 day simple moving average and near a double bottom. It appears it’s gapping this morning and $4.15 will be an important area to hold. APT has the potential of a swing trade of 20% to the 20 day simple moving average and another 37% to the crown.

My entry plan idea:  (Currently own @ 3.78) Buy on positive trading above $4.15
My stop plan idea:    A close below $4.14

Good Morning,

SPY: Yesterday I wrote that if the bulls could defend the 50-day simple moving average and price close above it, I would remain…

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Today’s Swing Trade Ideas

ARNA/Long (Healthcare Sector Biotechnology) ARNA Is a RBB pattern with a hammer that hammered in the lows and now after an extended downtrend price is starting to lead the moving averages over the 50 day simple moving average back to a tradable bullish trend. The last six bars which have been consolidation bars as well as a bullish cradle pattern. The target will be near the 200 day period moving average which is about 30% away.

My entry plan idea:  On positive trading or a PBO (pullback opportunity)
My stop plan idea:    A close below the T-Line for now

Good Morning,

SPY: The bulls have successfully closed above the $197.60 resistance area and the SPY has formed a rare…

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