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
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
