


S&P closed below the 9-EMA, showing there is weakness going into next week. Starting to build my watchlist when we get the bounce. If it closes back above the 9-EMA, then I'll start to look for entries.
Looking at the S&P Market breadth, the major trend (200-Moving Average) is still questionable. Will still need to keep a careful watch. In the medium and short term, I'm looking for more pull back. However if the 'buy-the-dip' herd comes in strong I'll look to buy stocks that are closing above the last red candle highs. Good luck!
The Bulls are still in control but showing some weakness based on Friday's Doji. We are still above the 9SMA, so will continue to look for some short-term swing trades. Meanwhile keep an eye on the possible negative divergences forming. Cheers!
I got a swing trade setup signal for DAN. I'm looking to enter long if the stock can manage to stay above 16.59. If triggered, I will place a stop-loss if it closes below 16.24. My Take Profit at 18.34 area. Meanwhile using a 9-EMA trailing stop.
Going into next week for me, I will be playing defensive now. The easy money has been made and now time to look to lock/take profits. Keep an eye on IWM for an inverted Head-and-Shoulder pattern soon. Cheers!
OUST: I like this stock going into tomorrow. It has two patterns, the Cup-and-Handle, and Inverse Head-and-Shoulder pattern. Cheers!
AKRO: Seeing a potential inverse head-and-shoulder setup for a 30% move. Keep a close eye on this for buy signal. For me, I'm looking to get in when I see RSI-2 closing over the 60 level. Cheers!
Here's a short video looking at where the S&P 500 stands in terms of it's 200, 50, 20, and 5 day moving averages. I am still looking for a pull back to start swing trading long. Currently as of Friday I have small positions using inverse leveraged ETF's on SPY, QQQ, and Bitcoin. Cheers!
Sitting neutral and waiting for the Market to show it's hand to us. We are pinched between VWAP and the moving averages for now. Looking for a short 2-3 day swing trade play. Cheers.
Markets looking a little over extended and would be normal to see a pull back soon before resuming to the upside.
Short-term for swing trading is a little over extended for now. Would like to see if we can pull back a bit later this week to look for new long positions. For now, I'm looking to trim my positions. Market still weak from my point of view. I will be happier once we can have the 50-Day Average above the 50 reading. Cheers!
I see SPY, QQQ, & SMH forming inverse H&S pattern on the 4 hour chart. The Inverse Head and Shoulders pattern has a higher success rate than the regular Head and Shoulders pattern, with a success/failure ratio of 68.2% compared to 59% for the Head and Shoulders. In 98% of cases, the pattern exits upwards. Additionally, in 74% of cases, the price reaches the...
ATRO : I have a swing trade setup signal. I'm looking to ENTER long if the stock can manage to cross above the last candle high. If triggered, I will then place a STOP below the previous candle, and a price TARGET at around 21.80. **Note: This setups will remain valid until the stock CLOSES BELOW my STOP.
T : I have a swing trade setup signal. Looking to enter long if the stock can manage to CLOSE above the last candle high(BUY). If triggered, I will then place a stop-loss below (SL) and a price target above it(TP Zone) **Note: This setups will remain valid until the stock CLOSES BELOW my stop-loss level(SL).
BITO is showing a buy signal now. Finally found a close above the 5SMA based on my swing trade strategy.
ABBV : I have a swing trade setup signal. I'm looking to enter long if the stock can manage to CLOSE above the last candle high(BUY). If triggered, I will then place a stop-loss below (SL) and a price target above it(TP) **Note: This setups will remain valid until the stock CLOSES BELOW my stop-loss level(SL).
JBTM : I have a swing trade setup signal. I'm looking to enter long if the stock can manage to CLOSE above the 'setup candle' high. If triggered, I will then place a stop-loss below the 'setup candle' and a price target above it. **Note: The above setup will remain valid until the stock CLOSES BELOW my 'setup candle' stop-loss level.
This came up once again on my stock scanner on stocks with recent high volume. Interational stocks been out pacing US stocks lately and this Chinese auto maker could be a winner.