BA Swing Trade
6/29: Looking for the bounce back above key support to hold and drive price back towards the key moving averages in the $128-130 range. If they hold, I expect for a push towards the top of its current trading range at $134-136
NKE Swing Trade
6/29: Initially, a negative response to its earnings report, has since opened strong and now looking to climb higher on the 5 minute chart as well as the 30 minute chart. Some resistance at $55 to pay close attention to. Solid risk/reward on this trade.
Splash Zone Weekly Wrap Up: 6/27/16
If you are finding this market insanely crazy, you are right it is. I can throw stat after stat out there that proves just how crazy June has been for traders. I mean, how often do you find the S&P 500 within 1% of establishing new all-time highs, to suddenly [...]
LVS Swing Trade Setup
6/17:Cup and handle pattern in play on LVS. Held up well to recent 5 day sell-off by stocks and is now ready to break out of the pattern and base that it has been in for the past 2.5 months. Also, its competitors are showing a lot of strength of [...]
Splash Zone Weekly Wrap Up: 6/12/16
Last week was one of the tougher trading weeks we've seen this year. It was the classic, "stairs up, elevator down" move for the market. Essentially the last two trading sessions wiped out nine days of upward price movement. 1. That is why I have been seeking to book profits [...]
Swing Trade Setup MMM
6/7: Breaking out of the recent price range from the past two months with an inverse head and shoulders pattern at the highs. Support at the 50-day moving average.
Splash Zone Weekly Wrap Up: 6/3/16
It is hard to characterize this market as anything other than choppy and that is exactly what it has been so far in the month of June and the past 8 trading sessions. There is reason to believe that the market should be problematic this summer with FOMC rate increases [...]
CNK Swing Trade Setup
6/2: Nearly three months of consolidated trading that it is starting to emerge out of. Once this happens, this is a risk reward setup that could return 3:1 for the amount risked. Continues to find support at the 50-day MA and looking to make an intial push towards $37 for [...]
Swing Trade in MS
6/1: Bouncing today off of the rising trend-line from the April lows and looking to continue pushing higher with little resistance until price gets into the $30's.
Splash Zone Weekly Wrap Up: 5/27/16
Where do you begin to make sense of this week, much less of this overall market. It is why I am a fervent believer in being aggressive with the gains that we have in hand and in terms of closing them out. That won't always be the case. I, more [...]
LNKD Swing Trade Setup
5/24: LNKD following their horrific sell-off after their February earnings report, has created a very nice base that it is now attempting to break out of and push into the gap. We day-traded th is stock earlier in the month and made a solid gain. I think here it is [...]
AMZN Swing Trade Setup
5/25: Nice bull flag tthat over the last two days it has fought to break through and establish new highs in. Broke today above the 5-day and 10-day moving average, with a nice series of higher highs and higher lows in place. I expect recent highs to be taken out [...]
