Today’s Swing Trade Ideas
NTLS/Long (Telecom Services) NTLS has formed a bullish J-Hook breakout into a void while in a RBB pattern.
Possible entry plan idea: Below $6.41 and above 5.70, breakout buyers above 6.41
Possible stop plan idea: A close below 5.70
More on how to trade NTLS in the Live Trading Room 9:10 AM Eastern
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LOCO, closed LOCO with a nice profit ahead of the weekend, will be watching for another trade this week.
Good Morning,
SPY: The SPY has yet to produce a close over the T-Line, but it did hold Wednesday’s low, and the SPY is trying to make the 50- Continue Reading
Today’s Swing Trade Ideas
ZU/Long (Specialty Retail) ZU Is set up for one of our Pinball Plays. ZU has also printed A Bullish Morning Star Signal and your left right combo, (Doji Bullish Engulf).
Possible entry plan idea: Above the T-Line
Possible stop plan idea: A close below the T-Line for now
More on how to trade ZU in the Live Trading Room 9:10 AM Eastern
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TASR was pointed out in the trading room Wednesday and was also bought closing it out Thursday for a 9.94% gain.
LOCO, Myself and a few members have been holding Loco and as you can see it’s gapping up today, raise your stops or take your profits but gaps are always gifts.
Good Morning,
SPY: Yesterday was a fantastic day for the members of our trading room! But let’s not get ahead of ourselves too fast. Let’s be smart about the money we pocketed yesterday.
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Today’s Swing Trade Ideas
WERN/Long (Trucking) WERN printed a Bullish Engulf yesterday supported on the 50-simple moving average closing back above the 20-simple moving average and the T-Line on higher than normal volume. IYT, the transportation ETF, had a candle-positive day yesterday but still closed under the 50-simple moving average. Follow-through is needed.
Possible entry plan idea: Above the $31.25
Possible stop plan idea: A close below the T-Line end of day
**More on how to trade WERN in the Live Trading Room 9:10 AM Eastern Trading Room.
Good Morning,
SPY: From the close yesterday and on the daily chart, the sellers still have control with yesterday printing a Continue Reading
Today’s Swing Trade Ideas
ADHD/Long (Biotechnology) ADHD has formed a bottom with the successful Rounded Bottom Breakout (RBB). While yesterday’s gap down could have been disastrous, the buyers managed to pull a bullish Belthold candlestick signal out of their hat, which suggests the buyers are very interested in this stock.
Possible entry plan idea: Above the 50-day simple moving average with a closing bullish candlestick.
Possible stop plan idea: A close below the 50-day simple moving average
**More on how to trade ADHD in the Live Trading Room 9:10 AM Eastern Trading Room.
Good Morning,
SPY: After yesterday’s decisive (on heavy volume) price action, the bulls will be scrambling to contain the recent losses in the Continue Reading
Today’s Swing Trade Ideas
No featured trade idea today
Possible entry plan idea:
Possible stop plan idea:
More on how to trade the members ideas in the Live Trading Room 9:10 AM Eastern Trading Room.
Good Morning,
SPY: Yesterday in the trading room, I brought everyone’s attention to a simple T-Line chart and how price continues to print Continue Reading
Today’s Swing Trade Ideas
ASNA/Long (Apparel Stores) The bullish belthold four trading days ago, closed over the T-Line and the 200 day simple moving average. There was a little consolidation the day after and a Bullish Engulf Friday suggesting that the buyers are still hanging around.
Possible entry plan idea: Above $13.31For the low end of the buy box and over 13.50 would be the buy box breakout.
Possible stop plan idea: End of the day close below $13.31
Learn to trade 10%-30% swings with the RBB strategy
More on how to trade ASNA in the Live Trading Room 9:10 AM Eastern Trading Room.
Good Morning,
SPY: The sellers took control of the swing trade on March 4th by closing below the T-Line on the SPY. The sellers have managed Continue Reading
Today’s Swing Trade Ideas
GLNG/Long (Shipping & Ports) Bullish Morning Star Signal, RBB Rounded Bottom Breakout, double bottom getting there — higher low.
Possible entry plan idea: Above $31.81
Possible stop plan idea: End of day close below #31.81
Learn to trade 10%-30% swings with the RBB strategy
More on how to trade GLNG in the Live Trading Room 9:10 AM Eastern Trading Room.
The RBB Rounded Bottom Breakout is the best chart pattern you will ever find to date. In fact, many educators are now trading with the RBB setup and will soon be teaching it as they did with the T-Line. Educators teach what works.
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Good Morning,
SPY: As you can see from the chart, price has closed below the T-Line. A close below the T-Line implies that short-term swing Continue Reading
Today’s Swing Trade Ideas
MILL/Long (Oil & Gas) After a 100% run, MILL has pulled back to the 34 EMA. The last seven candlesticks are showing how the buyers are stopping the pullback. Notice the Bullish Engulf six days ago and how the following trading has been contained above the Bullish Engulf’s low. Yesterday’s doji set up the pattern for a Doji Sandwich.
Possible entry plan idea: Above $1.68
Possible stop plan idea: A close below $1.68
Learn to trade 10%-30% swings
More on how to trade MILL in the Live Trading Room 9:10 AM Eastern Trading Room.
Recent RBB setups that would have made your day!
(ICPT 41%) (AVEO 25% and 32%) (SN 42%) (ISR 17%) (SWCH 24%) (MOBI 22% and looking for more) (AMRN 22%) (MDR 27%), (GTLS 25%), (MILL 50%), (VIP 32%)
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Good Morning,
SPY: After gapping down yesterday, the SPY found support at the 20-day simple moving average as well as the 23.6 retracement Continue Reading
Today’s Swing Trade Ideas
MILL/Long (Oil & Gas) After a 100% run MILL has pulled back to the 34 EMA, the last seven candlesticks are showing how the buyers are stopping the pullback. Notice the Bullish Engulf six days ago and how the following trading has been contained above the Bullish Engulf’s low.
Possible entry plan idea: Above $1.68
Possible stop plan idea: A close below $1.68
Learn to trade 10%-30% swings
More on how to trade MILL in the Live Trading Room 9:10 AM Eastern Trading Room.
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Good Morning,
SPY: Over the next few days, we may see a choppy SPY and market. Intraday yesterday gave everyone a bit of a scare, but the buyers Continue Reading
Today’s Swing Trade Ideas
CSCO/Long (Communication index) CSCO was a featured trade idea back on February 19. As you can see, there were a few days of consolidation and then yesterday printed a Bullish Engulf suggesting the buyers are still interested. Continue to hold while moving your stop up to protect profits and watching for candlestick sell signals for profit taking targets.
Possible entry plan idea: Above $29.92
Possible stop plan idea: A close below 29.64
Learn to trade 10%-30% swings
More on how to trade CSCO in the Live Trading Room 9:10 AM Eastern Trading Room.
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Good Morning,
SPY: The T-Line acted as support for the seventh time in the last 19 trading days in the SPY. The current trend is obviously bullish and Continue Reading