Today’s Swing Trade Idea
SPEX (Industrial Sector Business Services) There is 160% of profits to be had to the 200-day moving average and forming a rounded-bottom breakout, which, FYI, is my favorite chart pattern of all! SPEX closed over the big three yesterday after forming a higher low double bottom chart pattern. It pays to be in the Hit-And-Run Candlesticks trading room during the day. One of our members pointed SPEX out when it confirmed the rounded-bottom breakout. We went long at $1.73.
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Today’s Swing Trade Idea
AAPL (Technology Sector Consumer-Electronics) AAPL was featured as our trade idea on July 8, and after a rough start for a couple of days, it did pull out a nice 4% profit. APPL has now pulled back to the 50-day simple moving average and painted a little hammer. The candlestick hammer may be the bottoming signal were looking for to receive a run to $100 or more, possibly a 6% to 10% swing this time.
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Today’s Swing Trade Idea
XXXXXX (No Featured trade idea today) Today being Friday, it’s important to think about how your week has gone and what you can do to end your week on a positive note, no matter how small. Take some time today to reflect on the market and your trading. Have you been fighting the market or have you been working with the market? Are you a friend of the market or are you a foe?
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Today’s Swing Trade Idea
EXK Long (Basic Material Silver Sector) EXK has been forming a bullish flag from mid- July and broke out yesterday above the T-Line and the 20-day SMA. You can also see from the bullish flag the triple bottom lows. FYI, a bullish cup and handle pattern is also visible on the daily. Also check out the base breakout on the weekly chart and a possible 25% profit near-term.
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Today’s Swing Trade Idea
TVIX Long (Daily 2x VIX Short Term) We can draw a buy box around the last three bars of TVIX and with the directional target about 65% away, it’s perfectly logical that we could capture a piece of that profit, if not all. TVIX has formed a Hit-And-Run Candlestick Rounded-Bottom Breakout.
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Today’s Swing Trade Idea
TSEM Long; (Technology Sector so My Conductors) From our original featured trade idea date we’ve already seen a 20% increase, the recent pullback and a bullish piercing candle followed by a close over the T-Line and the 20 day simple moving average yesterday is now set up for another 15 to 20% move
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