Today’s Swing Trade Ideas
VHC/Long (Technology Sector) VHC has formed a rounded bottom breakout pattern (RBB) and a bullish morning star signal with follow-through and a double bottom a few days ago.
My entry plan idea: (Long Friday at 5.51) Today and add to or buy in the buy box, below $6.00 and above $5.98.
My stop plan idea: A close below $5.98.
Good Morning,
SPY: Most likely we will see light volume this week due to the holiday just as we did for Thanksgiving week. This week we are likely to see a lack Continue Reading
Today’s Swing Trade Ideas
XOOM/Long (Financial services) X00M was in gap a couple days ago closing over the 50-day simple moving average creating a rounded bottom breakout pattern on a strong bullish candle. Yesterday a Doji was formed above the 50-day simple moving average and in the upper half of Wednesday’s bullish candle creating a Doji continuation pattern or a Doji sandwich. There may be a little consolidation which would open the door for a better price entry.
My entry plan idea: In the buy box – between $15.86 and 16.98
My stop plan idea: A close below $15.86
- Open trading room today – All Day
- Free webinar today @ 2:00 PM Eastern
- To enter the free trading room today, go to the H&R Home Page and click on the “Trading Room Login” button at the top right.
Good Morning,
SPY: ♫♪All I want for Christmas are my two front teeth♫♪ And a big bullish rally Santa delivers. What a remarkable reverse in trading attitude the last two days. The Bulls have Continue Reading
Today’s Swing Trade Ideas
DGLY/Long (Technology sector) After forming a bullish kicker on December 2 and a small rally, profit taking took over pulling the chart back to its 50-day simple moving average where it started to create a bottom. Tuesday formed an inverted hammer followed by yesterday’s gap above the 20-day simple moving average and the Doji. In the recent past, you can also see a bullish “W” pattern.
My entry plan idea: In the buy box – between $13.22 and $17.03
My stop plan idea: A close below $13.19
- WRES was a quick day trade for +30.77% along with SN +12.4%
- On Friday, December 19, we have a special guest (one of our own members) that will present at 2 PM Eastern and you are invited. No password needed; we will post the link tomorrow morning.
Good Morning,
SPY: In yesterday’s morning email I posted a pretty picture of what I thought yesterday would end up (bullish morning star). We had the bullish inverted hammer in place; we just needed the bullish candle follow-through and like magic, it appeared. It wasn’t magic; it was reading the candlestick signals. Continue Reading
Today’s Swing Trade Ideas
UBNT/Long (Communication Equipment) UBNT has formed a double bottom with a Doji Bullish Engulf in early December and a Doji continuation pattern in the last three bars. A close over the 50-day simple moving average yesterday has set up the rounded bottom breakout pattern.
My entry plan idea: Ideally buy above $30.74 and below $32.77 or buy on positive trading above yesterday’s high.
My stop plan idea: On a bearish candlestick signal below 30.74.
Good Morning,
SPY: Yesterday was another day where the SPY closed below the T-Line after attempting a monster one-day rally but gave it all back before the close. I don’t believe the SPY has reached its low; Continue Reading
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
