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
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
