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
Ready for a membership Click Here and get started

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

Swing Trade Ideas December 23, 2014

Today's Swing Trade Ideas

ONTY/Long (Healthcare Biotechnology)   A four-month rounded bottom is setting up with the right-side moneymaker still ahead of us.  Moving averages are starting to flip to a bullish direction.  December 12 saw large buyers stepping in with profit taking.  I see a low high, higher low and higher high developing with a Doji and a Bullish Engulf the last two trading days.

My entry plan idea:  Buy on positive trading above yesterday's low $1.78 and on positive trading above $1.95
My stop plan idea:  A close below $1.78

From the Members Trade Idea List:
KEG +16%
VHC +21% before pulling back
BCOV +27%
RATE 13.85%
ACHN +53%

Good Morning, 

SPY:   The SPY held up very well yesterday with a Doji sandwich continuation pattern above the big three at $207.47 in light of a holiday week.  Continue Reading

Swing Trade Ideas December 22, 2014

Today's Swing Trade Ideas

VHC/Long  (Technology Sector)  VHC has formed a rounded bottom breakout pattern (RBB) and a bullish morning star signal with follow-through and a double bottom a few days ago.

My entry plan idea:  (Long Friday at 5.51) Today and add to or buy in the buy box, below $6.00 and above $5.98.
My stop plan idea:  A close below $5.98.

Good Morning, 

SPY:   Most likely we will see light volume this week due to the holiday just as we did for Thanksgiving week.  This week we are likely to see a lack Continue Reading

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