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As predicted on Friday before the close, the SPY is trading over Friday’s NR7 Inside Day high in the premarket.
This should get swing trading back on track after last weeks large market selloff.
If the SPY can hold the gap up the first 20-30 minutes, we could be in for a gap n go trend day which will be great for all swing trades.
GENE from Friday’s swing list is gapping up 9 percent.
Swing list open trade Plug Power (PLUG) Names New Accounting Chief
6:34 Buy CSCO 27.48 Day and Swing trade
6:35 Buy DE 87.77 Day and Swing trade
6:50 Sell DE 88.29 +0.52 Day trade only
7:11 Buy FSLR 60.26 Day trade
7:15 Buy ADBE 73.30 Day and Swing trade
GENE hit target 1 +17.4% from swing list, sell at least half and move stop to breakeven on remaining shares
7:32 Buy XIV 35.39 Day trade
SPY is holding the gap nicely, could extend higher soon
9:58 Sell FSLR 60.76 +0.50
10:03 Sell XIV 35.59 +0.20
10:11 Sell CSCO 27.58 +0.10 Day trade only
10:38 Sell ADBE 73.56 +0.26 Day trade only
GENE hit target 2 +47.6%, congrats to all who entered the trade
Day Trade Summary
Swing Trade Summary
ADBE, DE, CSCO all closed well over their entry price and look like they will hit target 1 in the next 1-2 days
TSM triggered but was not called out, looks good to hit target 1 in the next 1-2 days also.