Today’s Swing Trade Ideas

BCOV/Long  (Technology Sector Software Application)  I first mentioned BCOV as a possible trade two days ago (November 3) as a rounded bottom breakout with about 45% possible profit measuring from the 50-day simple moving average to the 200-day simple moving average.  Prices rallied slightly with an inside day yesterday and now about 24% to target.  I am watching for a PBO J-Hook set up.

My entry plan idea:  (Currently own @ 6.67) Will add on a bullish candle
My stop plan idea:    A close below the 50 SMA

Good Morning,

VPCO ended up being a 53.64% trade and more for others in our trading room, Congratulations to all!

SPY:   Everybody sits on the edge of their seat and tries to figure out what the market reaction will be to such things as an election, and there’s always very good arguments on both sides.  But when it comes…

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Today’s Swing Trade Ideas

GPRO/Long  (Consumer Cyclical Sector Leisure)   Other than two wicks overlapping each other by just a few pennies, GPRO has formed a bullish island reversal pattern and gapped over the big three.  Closing yesterday at $84.32 sets GPRO up for testing $100 again and possibly moving higher.  As we all know, not all candlestick patterns are guaranteed, follow through is a must.

My entry plan idea:  (Bought yesterday @ $84.28) To add to GPRO above the 50 DMA or a breakout of $85.40
My stop plan idea:    A close below the 50 SMA area

Good Morning,

SPY:   What is a healthy pullback?  Most traders realize that to have a healthy bullish trend we also need healthy pullbacks as well.  So what is a healthy pullback? Continue Reading

Today’s Swing Trade Ideas

BCOV/Long  (Technology Sector Software Application) After Friday’s breakout on high-volume BCOV  has become a rounded bottom breakout with about 45% profit measuring from the 50 day simple moving average.  Notice the candlestick rounded bottom for the past two weeks.

My entry plan idea:  On a pullback below 6.55 and above the 50sma
My stop plan idea:    A close below the 50sma area

Good Morning,

SPY:  At the close on Friday, the SPY printed a hanging man candlestick signal which implies the sellers may try to push price away from its Friday high. Continue Reading

Today’s Swing Trade Ideas

GALT/Long  (Healthcare sector drug manufacturers)  GALT Looks poised for a run positioned in a Rounded Bottom Breakout (RBB) and a Doji continuation pattern or Doji sandwich.  $6.50 would make a good target which equals about 18 1/2%, then about $7.70 which is about 40% away.  At that point, we will then consider the 200-day simple moving average.

My entry plan idea:  Below $5.49 and above the T-Line would be my preference; buying above $5.49 would also work.   Just monitor the pullback.
My stop plan idea:    A close back below the T-Line

• Live Trading Room Password Change this weekend.
• FYI Tuesday’s Member E-Coaching can be found from “Member Blog” “Stock Chat Archives” – Login required.
• The leaves are changing colors again. It’s time to turn back the clocks. As you find yourself with an extra hour, I hope you find a little something extra to enjoy – a nap, a walk or perhaps breakfast with your family and loved ones!

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Today’s Swing Trade Ideas

APT/Long (Healthcare Medical Devices) APT had a huge run a few weeks ago, it’s now pulled back to the 50 day simple moving average and near a double bottom. It appears it’s gapping this morning and $4.15 will be an important area to hold. APT has the potential of a swing trade of 20% to the 20 day simple moving average and another 37% to the crown.

My entry plan idea:  (Currently own @ 3.78) Buy on positive trading above $4.15
My stop plan idea:    A close below $4.14

Good Morning,

SPY: Yesterday I wrote that if the bulls could defend the 50-day simple moving average and price close above it, I would remain…

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Today’s Swing Trade Ideas

ARNA/Long (Healthcare Sector Biotechnology) ARNA Is a RBB pattern with a hammer that hammered in the lows and now after an extended downtrend price is starting to lead the moving averages over the 50 day simple moving average back to a tradable bullish trend. The last six bars which have been consolidation bars as well as a bullish cradle pattern. The target will be near the 200 day period moving average which is about 30% away.

My entry plan idea:  On positive trading or a PBO (pullback opportunity)
My stop plan idea:    A close below the T-Line for now

Good Morning,

SPY: The bulls have successfully closed above the $197.60 resistance area and the SPY has formed a rare…

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Today’s Swing Trade Ideas

ZLTQ/Long  (Healthcare Sector Medical Devices)   ZLTQ was a featured trade idea back in August 14, profit should’ve been taken on September 15 for about 48%.. ZLTQ has shown bullish strength from its PBO (pullback opportunity) to the Fibonacci 50% retracement line drawn from the July 29 low (the day before the gap) to its highs of September 12.  The big three have converged with the series of Doji’s and hammer candlestick patterns That have formed a rounded bottom ready to breakout.

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

Member E-Coaching tonight October 28, 8 PM Eastern in the live trading room.

Good Morning,

SPY:  The bulls continue to control the direction of the T-Line and hold their position above the T-Line.  The last few candlesticks have formed an…

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Today’s Swing Trade Ideas

SPEX/Long (Industrial Sector Business Services) SPEX has been forming a fry pan bottom for the last four months and recently closed over the 50-day simple moving average on volume. It then consolidated for a few weeks and is now back over the 50-day simple moving average with the T-Line and the 20-day simple moving average following price. With the close of Friday, we have formed a rounded bottom breakout. With about 90% possible profit to the 200-day simple moving average, SPEX could be a profit maker. Back on September 30, I did buy and have continued to hold. As of Friday’s close with a 12% profit, SPEX is now set up to grab a good piece of that 90% possible profit.

My entry plan idea:  (Already long) Buy or add more on an intraday pullback
My stop plan idea:   A close below the 50-day simple moving average for now

Good Morning,

SPY: I would suspect that all eyes will be watching what price does with the…

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Today’s Swing Trade Ideas

XON/Long  (Healthcare Sector Biotechnology)  XON has formed a bullish J-Hook breakout within a RBB strategy along with a bullish “W” pattern.  Keep in mind, with yesterday’s 11.5% day, we could see a little profit taking which would offer a good entry for about 17% to target.

My entry plan idea:  Inside day buy
My stop plan idea:   A close below the T-Line

Good Morning,

SPY:  Admittedly, I was not expecting the bullish open yesterday on the SPY, but then again, it did close with a possible…

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Today’s Swing Trade Ideas

ISNS/Long  (Technology Sector Software Application)  ISNS is setting up to possibly be one of our Rounded Bottom Breakouts (RBB).  It hasn’t broken out over the 50-day moving average yet, but if it does, it could easily run to the 200- period moving average which is about 15% from the 50-period moving average.  ISNS has been trading in a bearish manner for a few weeks.  A few days ago, a Bullish Engulf was printed followed by a couple of Doji’s and then another very small Bullish Engulf with a volume breakout, yesterday’s close over the T-Line and the 20-period  moving average.

My entry plan idea:  Below 3.33 and above the T-Line

My stop plan idea:   A close below the T-Line

Good Morning,

SPY:  Yesterday, a bearish dark cloud cover was printed on the SPY after reaching a new high into resistance.  A bearish dark cloud cover does not necessarily mean…

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