Swing Trade Ideas July 27, 2015

One of Today’s Featured Trade Ideas

TACO/Long (Restaurants) Del Taco Restaurants broke out big time in early March soaring to the $17 area.  On May 20, profit taking started to plague TACO pushing price down below its 50-day simple moving average.  For little over a month, price walked just underneath the 50-day simple moving average and has now closed back above the 50 SMA.  TACO may be headed to retest the May highs, and from there it may be positioned to break out to new highs

I will be covering more on the trade plan (entry, stop, targets) in the trading room at 9:10 AM EDT today.
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Something to think about: 

Rule #27 Gaps are gifts

TACO Trading Plan  (Entry, Stop, Target)  Click Here

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Swing Trade Ideas July 24, 2015

One of Today’s Featured Trade Ideas

DGX/Long (Healthcare Diagnostics and Research)   On July 8, DGX found support on the 200 SMA and a double bottom bouncing back above the big three creating a high, then pulling back the last several days creating a higher low finishing yesterday with a bullish morning star signal and what we call a moving average squeeze.

I will be covering more on the trade plan (entry, stop, targets) in the trading room at 9:10 AM EDT today.
Click here to learn more

Something to think about: 
Rule #24 Cash is a position, too.

DGX Trading Plan  (Entry, Stop, Target)  Click Here
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Swing Trade Ideas July 23, 2015

One of Today’s Featured Trade Ideas

ANTH/Long (Healthcare, Biotechnology)  ANTH has been a featured trade idea in June and July. I am featuring it today because of how it’s coming out of a rounded bottom in a Doji continuation pattern or Doji sandwich, as it sometimes is called. ANTH is still about a dollar away from our first target.

I will be covering more on trade ideas in the trading room at 9:10 AM EDT today.
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ANTH Trading Plan  (Entry, Stop, Target)  Click Here

Something to think about: 
Rule #23 Trading is probabilities.

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Swing Trade Ideas July 22, 2015

One of Today’s Featured Trade Ideas

LEAF/Long (Financial/credit services)
After a 70% run back in February/March, LEAF has pulled back below the big three, formed a rounded bottom and has now broke out above the big three.  The price action of July 16 suggest that the buyers plan on taking LEAF higher after the 16th we can see a 2 bar flag and then a bullish breakout yesterday.
I will be covering how to trade this chart in the trading room at 9:10 AM EDT today
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Something to think about: 
Rule#22 Don’t panic

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Swing Trade Ideas July 21, 2015

One of Today’s Featured Trade Ideas

AMPE/Long (Healthcare Biotechnology)  I will be using the Rounded Bottom Breakout (RBB) strategy to trade AMPE.  After the gap in April, the artist has painted a cup and handle and a flag the last few trading days and a closing Bullish Engulf yesterday.  To find out more about this trading strategy, please check out our membership.
AMPE Trading Plan  (Entry, Stop, Target)  Click Here

Something to think about: 
Rule #21 Never be fully invested

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Swing Trade Ideas July 20, 2015

One of Today’s Featured Trade Ideas

ABMD/Long (Healthcare, Medical Devices)    Over the past few months, ABMD has formed a symmetrical triangle flirting with the big three and the 100 SMA.  This past week, ABMD has had a little run bringing price back over the T-Line and 20 SMA with a little flag at the end of last week and a Friday breakout.  ABMD closing Friday at $72.33 puts it in striking distance of the $100 price target.
ABMD Trading Plan  (Entry, Stop, Target)  Click Here

Something to think about: 
Rule #19 — Don’t chase a trade.

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Swing Trade Ideas July 17, 2015

One of Today’s Featured Trade Ideas

PRTA/Long (Healthcare)   After consolidating around $45.20, which was also the March high, PRTA continued to rally for a few days and then pulled back creating a little rounded bottom with a bullish J-Hook breakout.  With bullish follow-through, I see a possible target around 71.

PRTA Trading Plan  (Entry, Stop, Target)  Click Here

Something to think about:
Rule #18 – When price moves steadily in a bullish or bearish direction 5 to 10 days, it’s very common to see profit-taking occur.
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Swing Trade Ideas July 16, 2015

One of Today’s Featured Trade Ideas

USAT/Long (Technology)  USAT looks to have the potential to get near the $5 area with an impressive chart pattern starting with the Doji on June 30, and notice the bull kicker on July 10.  Price is now broken out of the 2015 highs pushed by a Doji continuation pattern a few days ago.

USAT Trading Plan  (Entry, Stop, Target)  Click Here

Something to think about:
Rule #17 – Sell into strength

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Swing Trade Ideas July 15, 2015

One of Today’s Featured Trade Ideas

ORIG/Long (Oil gas drilling)  ORIG is now set up for our Bullish Pinball Strategy starting with the hammer on July 7, followed by consolidating Doji’s that did create a slight high followed by a low on the 13th that closed with a hammer candle, and then yesterday bullish follow-through over the T-Line and the recent high with about 18% to the Pinball Strategy target.

ORIG Trading Plan  (Entry, Stop, Target)  Click Here

Something to think about:
Rule #15 Patience
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Swing Trade Ideas July 14, 2015

One of Today’s Featured Trade Ideas

OSK/Long (Truck Manufacturing) OSK is what we call a Pinball setup/strategy. After an extended downtrend, OSK printed a hammer on July 7 followed by the next three days consolidating within the hammer.  Then yesterday, the Bulls showed their presence closing above the T-Line.  We bought OSK yesterday near the close at $41.70, and our plan is about a 10% profit.
OSK Trading Plan  (Entry, Stop, Target)  Click Here

Something to think about:
Rule #14 – Trade the chart, not the news commentators.

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