Today’s Swing Trade Ideas

ZLTQ/Long  (Healthcare Sector Medical Devices)   ZLTQ was a featured trade idea back in August 14, profit should’ve been taken on September 15 for about 48%.. ZLTQ has shown bullish strength from its PBO (pullback opportunity) to the Fibonacci 50% retracement line drawn from the July 29 low (the day before the gap) to its highs of September 12.  The big three have converged with the series of Doji’s and hammer candlestick patterns That have formed a rounded bottom ready to breakout.

My entry plan idea:  Positive trading above the T-Line
My stop plan idea:    A close below the T-Line

Member E-Coaching tonight October 28, 8 PM Eastern in the live trading room.

Good Morning,

SPY:  The bulls continue to control the direction of the T-Line and hold their position above the T-Line.  The last few candlesticks have formed an…

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Today’s Swing Trade Ideas

SPEX/Long (Industrial Sector Business Services) SPEX has been forming a fry pan bottom for the last four months and recently closed over the 50-day simple moving average on volume. It then consolidated for a few weeks and is now back over the 50-day simple moving average with the T-Line and the 20-day simple moving average following price. With the close of Friday, we have formed a rounded bottom breakout. With about 90% possible profit to the 200-day simple moving average, SPEX could be a profit maker. Back on September 30, I did buy and have continued to hold. As of Friday’s close with a 12% profit, SPEX is now set up to grab a good piece of that 90% possible profit.

My entry plan idea:  (Already long) Buy or add more on an intraday pullback
My stop plan idea:   A close below the 50-day simple moving average for now

Good Morning,

SPY: I would suspect that all eyes will be watching what price does with the…

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Today’s Swing Trade Ideas

XON/Long  (Healthcare Sector Biotechnology)  XON has formed a bullish J-Hook breakout within a RBB strategy along with a bullish “W” pattern.  Keep in mind, with yesterday’s 11.5% day, we could see a little profit taking which would offer a good entry for about 17% to target.

My entry plan idea:  Inside day buy
My stop plan idea:   A close below the T-Line

Good Morning,

SPY:  Admittedly, I was not expecting the bullish open yesterday on the SPY, but then again, it did close with a possible…

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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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