Today’s Swing Trade Ideas

GMCR/Short (Defensive sector packaged foods) GMCR is forming a dreaded “H” pattern after a lower high failing the 50-day simple moving average. The 20- period moving average has now crossed below the 50-period moving average. I’m looking for GMCR to drop close to another 10%.

My entry plan idea:  On an intraday bounce inside yesterday’s candle or on weakness below yesterday’s close but with caution not to chase.
My stop plan idea:    $136.80

Good Morning, 

SPY:   The overall market remains controlled by sellers in the SPY below the 50-day simple moving average yesterday showing no signs of a true bullish reversal and only possibilities of an Continue Reading

Today’s Swing Trade Ideas

CURT/Long  (Technology Sector Communication Equipment)  CURT Is currently a featured trade idea, thought I would post it again because of the chart formation.  The rounded bottom is still intact, the close over the T-Line in the 20 simple moving average are holding nicely.  With a 2 bar consolidation still holding in the bar that got our attention and Friday closing with a near-perfect Doji sets this chart up For a Nice Pinball Play

My entry plan idea: Below 1.16 and above 1.07
My stop plan idea:  Pinball rules = a close below the T-Line

Good Morning, 

SPY:   If the SPY manages to put in an oversold bounce today because it got there a little too quickly, it is possible we do see an oversold bounce.  The end-of-the-day close is what counts, and the end-of-the-day Continue Reading

Today’s Swing Trade Ideas

SPXS/Long  (S&P 500 Bear 3X ETF)  SPXS is an inverse ETF play that is forming a Doji continuation pattern or you may know it as a Doji sandwich.  For the past three months, SPXS has been forming a rounded bottom and has now started a bullish “W” pattern from late November and early December and has led to price closing over the T-Line and the 20-day simple moving average with a Doji continuation pattern formed by the last four bars, and today may be the continuation bar.

My entry plan idea: Buy on positive trading above the T-Line and/or on trading above 21.77
My stop plan idea:  A close below 21.61

ACAN Featured Swing Trade on December 20 is now a close with  +14%

ALNY Featured Swing Trade on November 14 is now a close with  21%

Saturday Rounded Bottom Breakout Seminar/Clinic

When: Saturday December 13, 2014

Time: 11:00 AM Eastern

Where: Online in the Trading Room

For more information: Click Here

Good Morning, 

SPY:   “Keep It Simple” is something we work very hard at here at Hit-And-Run Candlesticks, and one of our swing trade strategies is to follow what price is doing in relationship to the T-Line.  The chart Continue Reading

Today’s Swing Trade Ideas

CRNT/Long  (Technology Sector Communication Equipment)  CRNT has formed a Pinball formation with the first target about $1.29 and the second about $1.55. The Pinball formation is a terrific chart pattern to understand.  Many times I refer to it as my ATM machine.  CRNT is now starting to form the left side and center of the bottom with a double bottom and a close over the T-Line, and in this case, a close over the 20-day simple moving average as well.  I’ll talk about the intraday charts in the trading this morning at 9:10 AM Eastern.

• There are a few inverse ETFs on the members’ watchlist that we will also be following very closely today.  Any one of them could have easily been the featured trade idea.

My entry plan idea:  Ideally an inside day above $1.05 and below $1.13, but I will also look to buy on positive trading above yesterday’s high.  Be careful not to chase.
My stop plan idea:  Pinball rules – a close below the T-Line

In an effort to make our website easier to navigate, a new easy-to-find Trading Room Login button has been added.

Saturday Rounded Bottom Breakout Seminar/Clinic

When: Saturday December 13, 2014
Time: 11:00 AM Eastern
Where: Online in the Trading Room
For more information: Click Here

Good Morning, 

SPY:   A candlestick signal doesn’t mean much without confirmation follow-through.  Tuesday the SPY posted a bullish belthold that failed to produce a bullish confirmation or follow-through.  The lower close Continue Reading

Today’s Swing Trade Ideas

ECYT/Long  (Healthcare Sector Biotechnology)  After a pull back to the 50-day simple moving average and two inverted hammers, a Bullish Engulf was printed yesterday closing over the T-Line and the 20-day simple moving average.  ECYT is also a rounded bottom breakout with the 10- to 15%-move look to it.

My entry plan idea:  Positive trading over the T-Line.
My stop plan idea:  A close back below the T-Line for now.

TTI was bought a couple of days ago and sold yesterday for a 17.2% profit.
ISNS was already up 35% from our post, and now it’s setting up to do it again.

Good Morning,

SPY:  It was an interesting day yesterday to say the least.  The SPY opened lower and then muscled itself back up closing above the 20-day moving average and just slightly below the T-Line forming a Continue Reading

Today’s Swing Trade Ideas

UTHR/Long  (Healthcare Sector Biotechnology) UTHR has formed a morning star signal using the big three as support, and price closed over the T-Line yesterday on the daily chart.  The four-hour chart also using the big three as support has formed a Doji continuation pattern or a Doji sandwich setup.  Price has been trying to form a symmetrical triangle for the past couple of months.

My entry plan idea:  Positive trading over the T-Line.
My stop plan idea:  A close back below the T-Line for now.

• Member E- Learning tonight 8 PM Eastern

• JRJC – Yesterday’s featured trade +12.5% open to high

Good Morning,

SPY:   Yesterday saw weakness in the SPY gapping down and closing below the T-Line with an intraday bounce off the 20-day SMA.  The bulls will try to support price near the $205.38 area and the bears will Continue Reading

Today’s Swing Trade Ideas

JRJC/Long  (Technology Internet Content) In early November JRJC printed a bull kicker then then consolidated allowing the T-Line and the 20 day simple moving average to catch up.  Last week a morning star signal was printed and today we might see a Doji sandwich continuation pattern.

My entry plan idea:  Positive trading over the T-Line
My stop plan idea:  A close back below the T-Line

• ISNS – Friday most of us in the trading room traded ISNS for near 20% – 30%

Good Morning,

SPY: If you follow candlestick signals then You probably have followed a Doji and have a fairly good understanding of the Doji. A Doji certainly demands your Continue Reading

Today’s Swing Trade Ideas

SIGM/Long   (Semiconductor) SIGMHas formed a four bar cradle pattern after pulling back to the 20 day simple moving average on the daily chart.  The three-day chart has formed a little flag supported by the big three.  The three-day chart is also a rounded bottom breakout.

My entry plan idea:  Positive trading over the T-Line, but don’t Chase
My stop plan idea:  A close below $4.35

• How to Trade Gaps Webinar Today 1:30 PM Eastern Open to the public
• Click Here to enter the webinar today (No password needed)
• Another great day yesterday for the trading room and DUGLY

Good Morning,

SPY:  The spy continues to maintain its bullish posture overall and even though the last nine trading days has just move sideways making noise.  As of the close Continue Reading

Today’s Swing Trade Ideas

ALB/Long   (Basic Materials Specialty Chemicals) ALB dropped below the big three in mid-July made lower lows and lower highs.  Then on November 4th and 5th a Doji candlestick with a gap and a bullish close over the 50 day simple moving average and the big three.  The chart begin to consolidate pulling back below the 50 day simple moving average.  The last four candlesticks are showing a bullish cradle pattern and the two day chart is showing a bullish Harami.

My entry plan idea: Buy on an inside day
My stop plan idea:  A close below $59.17

• Yesterday’s featured trade idea (SUPN) up 6.3%. At the close.
• FYI Tuesday nights coaching has been posted to the members area
• Mark your calendars for December 13, 2014 ay 11:00 AM Eastern for an online clinic with the Rounded Bottom Breakout Pattern as the topic. This will be a paid event, details to follow.

Good Morning,

SPY:  The SPY grinds higher with a Bullish Engulf formed on Tuesday and bullish follow-through on Wednesday, and price continues to ride the T-Line into the beyond.  Outside of a few blips and dips, the Continue Reading

Today’s Swing Trade Ideas

SUPN/Long   (Healthcare Drug Manufacturer) SUPN has been controlled by the sellers for the past 3 to 4 months being held under the big three.  Recently  the buyers have taken charge running price from below the big 3 to above the big three.  Rolling up to the 200 period moving average and consolidating with the morning star signal supported with the T-Line SUPN is our featured trade idea today.

My entry plan idea: Buy on positive trading above the T-Line

My stop plan idea:  $8.66

• Over half the traders in the trading room went to the bank with 20-50% on DGLY yesterday.
• Below is the revised PCF for the TC2000 scan that we talked about last night in the Member E-Coaching .
• (((C – C20) / C20) > .12) and (C <= H3 or C <= H4) and C20 <= AVGC50.20 and C > AVGC50
• I have already put together several variations and will get them posted to the website soon.

Good Morning,

SPY:  The Bulls managed to pull the SPY back over the T-Line, but it is still in a foggy trading box.  Overall the Bulls are still controlling the SPY, S&P 500 and the rest of the market for the most part.  In the Continue Reading