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Today's stock chart of the day is Biotechnology ETF IBB. The pulled back hard taking a number of hot biotech stocks down with it. Subscribe to The Market Speculator by Email The fact that IBB pulled back hard is a concern for the market since it has been leading the market. However, the stock is sitting right at they key 50 day moving average level. This could lead to a small reflex bounce

Limit pain for smarter swing trades The trading game is a painful experience for most traders. Base emotions like fear, greed and panic are amplified the second we put on a trade.  Please retweet if you liked this article! Tweet This is a major problem because trading is a decision makers game. Everything we do requires a well thought out decision. We are not mindless 9-5 cubicle drones.

Today's stock chart of the day is Sketchers. The stock broke out on huge volume after posting knock out earnings. Subscribe to The Market Speculator by Email There are a number of ways to play this earnings setup. The breakout pullback requires patience, waiting for the stock to form a trading range or pullback to the bottom of the breakout bar. A more aggressive strategy is to enter here with

Today's chart of the day is medical devices maker ARAY. The stock has pulled back to the 50 dma after a strong uptrend and is now oversold. This setup offers great reward to risk with a target near $10, entry around $9 and a stop around $8.75. Subscribe to The Market Speculator by Email With a 4: reward to risk ratio, you only need a 25 percent win rate to break even.  All it takes is a 33% win

One of my favorite trades is playing the post earnings breakout range that develops within stocks that have had a strong earnings catalyst the previous two weeks to 2 months. Subscribe to The Market Speculator by Email Ulta is a good example and has formed a $148 to $155 range. Buy the bottom, sell the top. It doesn't get much easier than that. I will look to enter on a pullback as close to $

Baba was the talk of the Street when it IPO'd last fall and quickly zoomed up from $80 to $120 in a matter of weeks. However, after forming a classic short formation back in November, it has given back all it's gains and now sits 5 points below where it opened. Subscribe to The Market Speculator by Email Yes, the chart is ugly. You probably do not want to trade it right now. You see, we like

Tick. Tick. Tick. That stock is driving you bat shit crazy! Your co-workers gawk as you sweat and continually look up at your screen. You can't hide the fact that you are stressed-the-you-know-what-out. Why are you stressed? It's because that stock you entered moved 20 cents below your entry and is now forming a bearish engulfing pattern. Sounds bad huh? I forgot to mention that you are

Sometimes swing trading is easier than we make it. In the trading game it literally pays to keep it simple. Our stock of the day, EA is a great example of the KISS method. When do you buy EA? That's easy. When it pulls back to the 50 dma or when stochastics near oversold levels. It's a slam dunk trade that would have given us 7 profitable trades over the past year. Subscribe to The Market

Today's swing trade stock chart of the day is DIG.  Energy is showing positive money flow and the sector has broke out over the 50 day moving average. Here we can place a stop under the moving average with a target at the recent February pivot high at $57. Subscribe to The Market Speculator by Email I will wait for a slight pullback from this level to attempt to get better value, though this is

Today's swing trade stock chart of the day is HD (Home Depot). In the Trade Report we have been watching residential real estate stocks for a few weeks now and of course, building material and home improvement stocks move in line with real estate. Subscribe to The Market Speculator by Email Home Depot broke out on strong volume in mid February and has now pulled back to the 50 dma. An entry

Most full-time traders have a basket of "goto" setups that they trade repeatedly. Some do so mindlessly, irrespective of market conditions. You can make money this way, but you will not become wealthy. The best traders optimize their trading by deploying the right setup for the right market. For instance, a "trading range" setup is highly profitable in choppy, rangebound markets. Just don't