Today’s Swing Trade Ideas
NQ (Technology Sector Software Application) NQ Is a rounded bottom breakout with about 20% to the first target of the July 30 high and about 60% to the 200 day period moving average. NQ started with a Bullish Engulf on July 18 followed up with a rally and then consolidated along the big 3 for a couple of months. Over the past two weeks we’ve seen a double bottom, Bullish Engulf, bullish consolidation with follow-through.
My entry plan idea: (Long on September 23) I will add to NQ on consolidation in the buy box or a bullish breakout.
My stop plan idea: Current stop plan is a close below $6.30
- NQ, GPRO, BLOX, HIMX big hits from the H&R trading room several days ago ahead of the crowed.
Member E-learning tonight at 8 PM EST in the live trading room.
FYI, the trading room password will be changing after E-learning.
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Today’s Swing Trade Idea
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.
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Today’s Swing Trade Idea
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.
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Today’s Swing Trade Idea
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.
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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.
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