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
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
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
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
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
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
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
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
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
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
