Today’s Swing Trade Ideas

RALY/Long (Technology Sector Software) RALY Has been in a RBB pattern (rounded bottom breakout) from the gap of August 29, for about a month now it’s been walking along the T-Line and looks like it’s ready to finish its run to the 200 period moving average which is approximately 12% away. With a successful bullish breakout of the 200 period moving average I see another 20% possible. Remember to consider the direction of the overall market as it can benefit and harm you.

My entry plan idea:   Positive trading above the T-Line

My stop plan idea: A close below the T-Line

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 Today’s Swing Trade Ideas

CAMP (Communication Equipment) CAMPIs breaking down from a downward base and a blue ice failure pattern on the daily chart.  The weekly chart is also below the 50 period  Moving average and looks to be headed toward the 200 simple moving average.

My entry plan idea:   Will be to wait for a relief rally in short this trade at a better price, near 16.90 maybe

My stop plan idea:  Bullishness over 15.51 Continue Reading

Today’s Swing Trade Ideas

LYB (Specialty Chemicals) has formed a RTB (rounded top breakdown) and a blue ice failure. LYB is in the process of putting in lower highs and yesterday closed back below the 50-day moving average on pretty good volume. With continued weakness and bearish follow-through, an $8 to $12 drop is very possible.

My entry plan idea:   I would prefer to short on an inside day, but I might have to settle for weakness below yesterday’s close with a caution not to chase it. I may be able to pick it up on a relief rally.
My stop plan idea: Today it will be completely dependent on where the buy is, but anything above the 50-day moving average would suggest the buyers are back in town.

Good Morning,

I have two ticker symbols I would like to share with you. The first one is the Vanguard Total Stock Market ETF VTI. If you open up your charts with VTI, you can see how this correction started with the candlestick bearish engulf, had follow-through and is currently below the 50-day moving average and has consistently been below the T-Line. Another chart I would like to share is the
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