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Ray

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Everything posted by Ray

  1. Opulent Trading Co, Thank you for reaching out. Regarding $BA: 03/31 -- 06/02 --> Consolidation range $120(+/-) - $160(+/-) 06/03 --> Broke out on above avg volume and traded +$200 in the next few days 06/17 -- current --> Consolidation range $167(+/-) -- $190's - volume has steadily declined A retest of the lower $160's it broke out from would reignite interest and bring buyers (big money) back into the stock. I want to commit $ during the break out phase (either up or down) and not during consolidation. Many other names for consolidation i.e., chop, yoyo, up/down. Still learning from the lessons market is teaching me every day / week!
  2. My Swing trading has improved after reading Brain's book (several times) and learning from BBT community. Sharing my swing trades for feedback / ideas for next week: Lesson from this week: Too many ideas at play; focus only on a few ideas Increase size for main ideas Thematic Swing ideas for next week - 7/20 1. Space related industrial. All started weeks leading up to Space X launch. 2. Cannabis – Technically looks like these stocks are forming a rounded bottom Swing trade ideas for next week - 7/20 1. CW: Curtiss – Wright (Aerospace / Defense) – Entry $92(below), Stop $88, Exit 1: $98, Exit 2: $100 2. MAXR (Aerospace / Defense) – Entry $16(below), Stop $14.5, Exit: $19+ 3. H: Hyatt Hotels – Entry $50(below), Stop $45, Exit: $60+ 4. BA – Boeing - Entry $160’s (looking to enter in the low $160’s) 5. MS – Morgan Stanley below $50 Swing trade in Green – Open trades (may trim next week): Stocks: 1. KHC (target $40+) – Kraft Heniz – best swing trade for this week 2. SPCE (target $30+) 3. MAR (target $100) 4. PEP – Pepsi 5. CRON – Cronos (Cannabis play) 6. CGC – Canopy Growth Corp 7. FCX – Freeport – Mcmoran 8. WORK – Slack Technologies 9. NDAQ – Nasdaq – with record number of trading; it should help the bottom line for exchanges. Index: 1. IBB – Nasdaq Biotech index; probability of trend to continue higher – 2 main reasons: a. Covid 19 Vaccine news b. Breakout above $125 (+/-). 10-year chart – consolidated from 2015 through 2020. 2. IWM – (target $150+) 3. XLB – materials index 4. GLD – Gold index 5. GDX – Gold miners index 6. SLV (target $20+) 7. XHB – Home builders index Swing trade in Green - closed positions (booked profit): Stocks: 1. ALK – Alaska Air 2. H – Hyatt 3. HLT – Hilton Hotels Index: SPXL Swing trade – closed positions at breakeven: 1. DIS - Disney 2. SRNE – Sorrento Therapeutics 3. SBUX – Starbucks 4. INTC – Intel (closed position before earnings - booked little profit) Swing trade – closed positions at a loss: BAC Swing trade – in red (holding for now): FOUR – recent IPO; digital payments play. Took some of my profits from SQ (Square) and started a small position.
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