Today’s Swing Trade Ideas

EXK/Long (Silver) EXK has had a 62% run since late December and about a 30% swing from its last pullback.  EXK printed a bullish piercing candle yesterday, opening below the T-Line and closing above the T-Line.  This is what we call a PBO (pullback opportunity).  EXK is also a set up in one of my favorite chart strategies called the Rounded Bottom Breakout with 20 to 40% possible profit ahead of it.

Possible entry plan idea:  Positive trading over the T-Line
Possible stop plan idea:    Yesterday’s low, $2.66

Recent RBB Setups
LAYN 31%
ADHD 80%
AU 26%
EXK 30%  Read more about RBB’s

Good Morning, 

SPY:  And at the time that I’m writing this, the morning futures are showing a weaker open compared to the close yesterday.  I would also suspect due to the Continue Reading

Today’s Swing Trade Ideas

ATEN/Long (Technology) ATEN is no stranger to our trading room, a few weeks ago many from the room profited from this chart.  On January 15 ATEN posted a low followed by an inside day (bullish Harami), followed by a high then a higher low.  Friday printed and 8.27% candle and the chart appears to be on its way to a J-Hook breakout.  I will be watching for 20% move or about the $6.50 area as the first target then price may climb through the window.

Possible entry plan idea:  Inside day Below 5.37 or on a slight breakout

Possible stop plan idea:   A close below The T-Line
Good Morning, 

SPY:  After a solid close above the 50-period moving average last Thursday, an inside day (Harami) was printed Friday still closing above the 50-day simple Continue Reading

Today’s Swing Trade Ideas

MCEP/Long (Energy Sector )  SX90/XLE led the way yesterday both with a hammer on January 14 and the follow-through has led them above the T-Line ready to cross the 20-period moving average.  MCEP formed a bullish piercing candle on December 17 followed by consolidation and a bullish scoop pattern.  Gapping yesterday and closing above both the T-Line and the 20-period moving average leads me to believe the next short-term swing target could be around $7.40 which is a 30% trade and another 30% on bullish follow-through to the 50- period moving average.

Possible entry plan idea:  Inside day or breakout of yesterday’s candle
Possible stop plan idea:   A close below $5.59

Good Morning, 

SPY:  It has been pretty obvious the market was waiting for the ECB announcement of the ECB-QE the last few days; so now what?   Easy, and back to the Continue Reading

Today’s Swing Trade Ideas

TASR/Long (Aerospace and Defense) I could really kick myself for not buying TASR yesterday as it started moving up through the 20-period moving average.  We talked about it in the trading room and several of our members did take advantage of it.  Yesterday’s close produced a bullish morning star signal after a run from late October with a slight profit taking pull back starting in late December.

Possible entry plan idea:  Inside day or breakout of yesterday’s candle
Possible stop plan idea:   Below $29.50

Good Morning, 

SPY:  Yesterday’s close at $202.05 put us back in the symmetrical wedge that we had drawn a week and a half ago.  Any trading within that wedge is simply Continue Reading

Today’s Swing Trade Ideas

EXK/Long (Basic Materials Silver)  EXK had four days of consolidation after a Rounded Bottom Breakout (RBB) pattern.  Friday printed a bull kicker-type signal and the combined overall pattern has the possibility of a 30% plus return.

Possible entry plan idea:  Positive trading over $2.73
Possible stop plan idea:   Below $2.49

Good Morning, 

SPY:  Friday’s bullish piercing candle, two cents from a Bullish Engulf and what appears to be no bad news over the long weekend Continue Reading

Today’s Swing Trade Ideas

UVXY/Long (Ultra VIX short) UVXY is a play on market fear.  Yesterday’s Bullish Engulf closing over the 200-period moving average comes after a continuation pattern, a PBO Bullish Engulf, and a little rounded bottom, not to mention the bullish “W” pattern and the little cup and handle.  Let’s not forget The Rounded Bottom Breakout (RBB) pattern.

My entry plan idea:  (I already own it) but will be looking to add more on positive trading above yesterday’s open.  More than likely, I will be closing this out today.
My stop plan idea:   Below $31.35

The best trading group to hang out with!  Why?  MUX and CLF were pointed out by members yesterday as nice set-ups.  Sold SA yesterday for a small percent. Profits are profits.  Took a few losses yesterday heading into the long weekend. Monday is a holiday, so there’s a high probability of a little more selling today because of traders wanting to be flat for three days off.

Good Morning, 

SPY:  Eleven days ago, I started talking about the bearish “M” pattern setting up in the SPY.  Since then, the SPY has lost 3.6% and Continue Reading

Today’s Swing Trade Ideas

No Trade Idea today
My entry plan idea:
My stop plan idea:

The best trading group to hang out with!  Why?   Yesterday AMPE was posted as a buy around $3.70 and soared 20% from its open to high.  SQQQ was the featured trade idea $33.60 – $34.60, looks good on a weaker market.  PDCE was a stock pick on the members’ private list, up 10% from the open to the high yesterday.

Good Morning, 

 Stock, bond markets tumble as Swiss let franc soar LONDON (Reuters) – “Global markets were thrown into turmoil on Thursday as a shock move by Switzerland to abandon its three-year cap on the franc sent the currency soaring and Europe’s shares and bond yields  Click Here

SPY:  Yesterday in the trading room I was asked what I thought the market was going to do today and the next few days?  I answered, Continue Reading

Today’s Swing Trade Ideas

SQQQ/ Long (Ultra Pro short)  SQQQ formed a bullish piercing candle on January 9 from a profit taking pull back followed by bullish confirmation closing over the big three with about 8% to the first minor target and possibly more on market weakness.

My entry plan idea:  (Bought yesterday at $31.30) Buy or add to on positive trading above the big three.
My stop plan idea:   A close below 30.25

PHMD –   Many of us in the trading room had been in PHMD, and profits were taken yesterday anywhere from 14% to 50%.  It was a nice day in the H&R trading room.

Good Morning, 

SPY:  The SPY closed at $202.80, well below $203.51 where yesterday I noted sellers would have control.  Price did close within the pennant Continue Reading

Today’s Swing Trade Ideas

PACB / Long (Healthcare Biotechnology)  After a slight pullback to the 20-day period moving average, PACB gapped yesterday forming a bull kicker closing above the T-Line.  The chart is suggesting approximately $10.25 as a future target, which is about 20%.

My entry plan idea:  Inside day buy, below $8.34 and above the T-Line
My stop plan idea:   A close below the T-Line

**NUGT – Yesterday NUGT was our featured trade idea, and we bought and sold NUGT for a 8.6% daytrade.

Good Morning, 

SPY:  While the SPY trades in its symmetrical triangle, it will continue to be range bound until one of two movements happen:  one movement Continue Reading

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