Trade Ideas January 12, 2015

Today's Swing Trade Ideas

NUGT / Long (Gold Miners Bull ETF)   NUGT became a Rounded Bottom Breakout on January 7 and continues to consolidate above the 50-period moving average.  You can see all eight of the Rounded Bottom Breakout setup rules found in the e-book.  Also, a bullish double bottom and a Doji Bullish Engulf secured the 20- period moving average.

My entry plan idea:  Below $15.59 would be nice, but I’d also take an entry below $16.86.
My stop plan idea:   I'm going to use a 5% stop or a bearish candlestick on the close

Good Morning, 

SPY:  The bearish pattern that I have mentioned over the past week or two is still hanging over the market.  Last week we had a nice little relief Continue Reading

Swing Trade Ideas January 8, 2015

Today's Swing Trade Ideas

TGTX / Long (Healthcare)   TGTX has formed a support line near the $15.40 area. After a big snap to the upside, we are seeing profit taking near the 20-day simple moving average.  Yesterday formed a morning star-type reversal signal.  On a breakout of the recent high, we would have a J-Hook continuation pattern with a 30%-plus profit target.

My entry plan idea:  Positive trading above yesterday's close or an inside day
My stop plan idea:    A close below the T-Line for now

Featured Trade Idea -- CUR up 20% in 2 days
Featured Trade Idea (yesterday) up 5.86%
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Attention members:  Inside the members’ blog post today you will find six leading sectors listed.

Good Morning, 

SPY:  The bearish "M" continues to wane on the SPY.  The T-Line trend is now close below the big three (20 SMA, 34 EMA, 50 SMA).  On the Continue Reading

Swing Trade Ideas January 7, 2014

Today's Swing Trade Ideas

LOCO / Long (Restaurants)   LOCO was trading bearish for several days below the T-Line, and a low was put in on December 16.  Then for the next week or so, price moved sideways still underneath the T-Line with a slight dip creating a scoop pattern.  A tiny bullish Harami sparked a gap with another gap closing over the T-Line and the 20-day simple moving average.  The T-Line is currently 13% away from the 34 EMA.  If bought low enough, we can call this a pinball setup to the 34 EMA and on continued follow-through, there is a possible 25% profit to the 50-period moving average.

My entry plan idea:  Inside day buy below yesterday's high and above the T-Line
My stop plan idea:    A close back below the T-Line for now

Yesterday's featured trade idea ran 12.4%
Yesterday we sold:
AG for a 27.54% profit
GFI for a 14.69% profit
JNUG for a 27.77% profit
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Good Morning, 

SPY:  From a longer view, we still have a bullish trend, but the short-term trend or what I refer to as the swing traders’ trend is Continue Reading

Swing Trade Ideas January 6, 2015

Today's Swing Trade Ideas

CUR / Long (Healthcare Biotechnology)  On October 20, 2014, CUR painted a long wick, and for the past three months, CUR has consolidated sideways.  It painted a bullish morning star about two weeks ago and then formed your basic 1-2-3 pattern with another morning star and a Doji sandwich (continuation pattern) in one of our Rounded Bottom Breakout patterns (RBB)

My entry plan idea:  Inside day below yesterday's high and above yesterday's low
My stop plan idea:   A close back below 2.75

H & R Members Watch-list January 5, 2015
JNUG + 16.52%
UVXY +14.39%
EXK  +4.80%

Good Morning, 

SPY:   Yesterday’s close below the T-Line suggests the short-term sellers are still in control, and you can see on your chart that the candlestick is Continue Reading

Swing Trade Ideas January 5, 2015

Today's Swing Trade Ideas

EXK / Long (Basic Materials Silver)  EXK has come off of its lows closing above the T-Line with about 13 1/2% between the T-Line and the 34 EMA and about 25% from the T-Line to the 50-day simple moving average.  EXK is set up for both a pinball trade as well as a snap-back 50 trade.  Also take note of the 1-2-3 formation with the Doji Bullish Engulf the last two trading days.  All are strategies that we use here at Hit &Run Candlesticks.

My entry plan idea:  Positive trading above the T-Line
My stop plan idea:   A close back below the T-Line.

Good Morning, 

SPY:   Friday's close was below the T-Line suggesting the short-term sellers are in control.  When this occurs, it's important to be patient and wait Continue Reading

Swing Trade Ideas January 2, 2015

Today's Swing Trade Ideas

REN / Long (Energy sector)  REN is a pinball setup with about 39% to the pinball target.  REN is a 1-2-3 chart with a confirmed bullish morning star that has now closed back above the T-Line and the 20-day simple moving average.  The chart is still in a confirmed downtrend; therefore, we are only looking for a relief rally.

My entry plan idea:  Inside day with a close over the 20-day period moving average would be nice.
My stop plan idea:   A close back below the T-Line.

Trade management is so very important.

Good Morning, 

SPY:   Prices closed back down through the T-Line which means the bullish swing trader has lost control until a bullish reversal signal and
Continue Reading

Swing Trade Ideas December 31, 2014

Today's Swing Trade Ideas

No Featured trade ideas until next year

My entry plan idea:

My stop plan idea:

Remember last week we were talking about KNDI? How would you have liked to have bought it on the 23rd? KNDI was a trading room call at 11.36 on the 23rd

Good Morning, 

Thank you and Happy New Year from Rick Saddler and Hit & Run Candlesticks.  It's because of traders just like you that have made the H&R Live Trading room such a success, which in turn has helped many traders find there trading path.

SPY:   The SPY lost ground yesterday gapping and closing below its open.  There is a high probability of price testing the T-Line today.  Let's not read too much into the market this New Year's week; 2015 is right around the corner. Continue Reading

Swing Trade Ideas December 30, 2014

Today's Swing Trade Ideas

No Featured trade ideas until next year

My entry plan idea:
My stop plan idea:

Good Morning,

SPY:   The buyers have maintained control of the SPY through last week's holiday, and it would appear they’re doing the same through this week's Continue Reading

Swing Trade Ideas 12-29-2014

Today's Swing Trade Idea

MOBI/Long (Technology)  The MOBI weekly chart has formed a bullish hammer while the daily chart is in the process of forming a 1-2-3 LH-LH bottom (1-2-3 pattern - low high, low high).  MOBI is also a Hit & Run Candlestick Pinball chart pattern.

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

*You can learn more details in the members’ trading room about MOBI and many other trades.

KNDI -  Up again on Friday making KNDI a trading room run for about 20%

Good Morning, 

SPY:   Not a bad week last week, all things considered, with low volume, half-day on Wednesday, closed on Thursday, and did we really want to work on Continue Reading

Swing Trade Ideas December 26, 2014

Today's Swing Trade Ideas

MOBI/Long (Technology) MOBI weekly chart has formed a bullish hammer while the daily chart is in the process of forming a 123-LHLH bottom (123 pattern - low high, low high pattern) MOBI is also a Hit & Candlestick Pinball chart pattern.

My entry plan idea: Above the T-Line

My stop plan idea:  A close below the T-Line
You can learn more details in the members trading room about MOBI and many other trades.

KNDI -  a 15% trade from the trading room from Monday

Good Morning, 

SPY:   So far this week has acted pretty much how we expected, slow, lack of volume, bullish.  On this Friday the last day of the trading week we Continue Reading

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