The following video provides a final update to several official Long Swing Trade ideas that have either hit their final price target and/or exceeded their maximum suggested stop. These trades will now be moved to the Completed Trades category where all associated posts will be archived indefinitely for future reference. Typically, an update is posted on each trade once a profit target or the suggested stop is hit. As there were several trades that needed to be removed from the Active Trades category, most of which were already mentioned on the front page or within the trading room as hitting their [...]
Most of my home town of Fort Myers, FL is still without power including my home although I'm now back online with generator power & a (slow) internet connection via tethering off my cell phone. I hope to be fully running with both my power & high-speed internet connection restored soon but don't know exactly when that will be. With most of the damage & debris clean-up now behind us, starting tomorrow I plan to resume posting market analysis & trade ideas on a more regular basis as well as replying to questions & chart requests within the trading room. I've [...]
After hitting T2 for a quick 10% gain, followed by the typical reaction off that resistance level, the TSCO (Tractor Supply Co) active swing trade has pulled back to the 52.58 support level & once again offers an objective long entry or add-on to an existing position. TSCO daily Aug 16th In addition to the recent bullish falling wedge breakout, TSCO also appears to be setting up in a potential Inverse Head & Shoulders Reversal (bottoming) pattern. Watching to see if the stock reverses off support here & finalizes the formation of the right shoulder. Should that pattern fully [...]
Potential trade ideas & developments to watch for this week in the stock market, select commodities, sectors, currencies. The video starts with coverage of the Euro, US Dollar & gold mining stocks, then stock market analysis via QQQ & SPY followed by some potential trade ideas on individual stocks & sector ETFs.
TSCO (Tractor Supply Co.) has hit T2, the second price target at 57.70, for a quick 9.5% gain in just one week from entry. Consider booking partial or full profits and/or raising stops if holding out for T3.
The TSCO (Tractor Supply Co.) active Swing Trade + Long-term Trade has hit T1 for a quick 2.8% gain today & so far, has come within mere basis points of T2 on an impulsive move higher following the company's quarterly earnings report. The impulsive price action following the breakout above the bullish falling helps to firm up the bullish outlook for the stock & as such, additional price targets may be added to the Long-term Trade idea although T3 will remain the final target for the Swing Trade. TSCO daily July 27th
TSCO (Tractor Supply Co.) was posted as a Long Swing Trade as well as a Long-term Trade Setup last Thursday with an entry to be triggered on any move above 52.70. The stock went on to trigger that entry the following day & followed up with an impulsive move beyond the bullish falling wedge yesterday. I was reviewing the charts today as TSCO is scheduled to report earnings after the market close today & I noticed a typo on last week's chart. T1 was incorrectly listed as 52.40 (which would have been below the actual entry price) instead of 54.20, which [...]