Technical analysis on some of the swing trading ideas that stand out at this time including both official & unofficial trades on Right Side Of The Chart. The following trade ideas are (roughly) covered in this order: SPY, SOXX, UGAZ, XENE, RKDA, TNDM, RDUS, AOBC, MJ & cannabis stocks (update, not a trade idea at this time), IEF, TLT, XLE, ENDP, OMI, PTX, M & OREX. playback speed can be increased in the settings to reduce the duration of the video
As we've had a lot of official trade ideas closed out over the past month or so, my focus this week will be on finding new trade setups. This video covers a handful of fairly aggressive trade ideas with the potential for above average gains. Covered in this order are the following companies: XENE, RKDA, TNDM, RDUS & AOBC. All are unofficial trade ideas at this time although objective buy points, price targets & other key technical levels & developments to watch for are discussed. playback speed can be increased in the settings to reduce the duration of the video
Slow day in the market as I suspected as the market is in a holding pattern with the first two of the 5 market leading FAAMG stocks scheduled to report after the market close today (FB & MSFT). The fireworks could start after the closing bell today & continue throughout the rest of this week as the other FAAMG stocks & over 1/5 of the S&P 500 components finish reporting, with volatility likely to continue into next week & beyond. As I'm not trading today I've taken the time to update the Long Trade Ideas on the site. All of the [...]
TNDM (Tandem Diabetes Care Inc.) offers an objective long entry on this breakout above the 3.43 resistance level & will be added as both an Active Long Swing Trade as well as a Long-term Trade idea around current levels. The price targets are T1 at 4.47 & T2 at 5.42 with the potential for a third target around the 9.00 area, depending how the charts develop going forward. The suggested stop is a daily close (one can also use the 3:59pm ET price) below 2.90* with a suggested beta-adjusted position size of 0.60. The optimal entry is anywhere as low as [...]
Technical analysis on the US stock market providing the near-term outlook & price targets followed by the outlook for crude oil & the energy sector as well as various swing trading ideas. An update to the recent XLU swing trade is also provided towards the end of the video.
The TNDM (Tandem Diabetes Care Inc.) swing trade setup gapped beyond the maximum suggested entry range today, trading up over 50% on the day so far & above the first price target. The stock is on watch for another objective entry for an official trade, such as a pullback to the 0.90 support level although the odds favor a continued move towards the T2 level. The previous entry criteria & commentary on the stock can be viewed by clicking here or on the TNDM ticker 'tag' located at the bottom of this post. Previous & updated daily charts:
The following notes and stock chart provide the entry criteria, price targets, suggested stop & the suggested-beta adjustment along with some additional considerations for a swing trade in TNDM, Tandem Diabetes Care, Inc.