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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