<h3Today’s Swing Trade Idea
ZLTQ (Healthcare Sector Medical Devices) ZLTQ has formed a bullish morning star PBO and exploded with buyers yesterday. I am looking for a challenge of the January 16 highs which is approximately 22-1/2% of profits. ZLTQ is a chart that was discovered by one of our members 1973Hog a couple of days ago. Many of the members in the trading room bought near the $19 area when Steve posted it. Today it is a featured trade idea because of the strength that it’s showing for the target above. Thank you, Steve.
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Today’s Swing Trade Idea
CVLS (Healthcare Sector Biotechnology) CLVS has successfully formed a rounded bottom breakout after constructing a double bottom. Currently the last three bars are set up as a continuation pattern with about a 20% target followed by another 16% target.
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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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