2024-12-15

Actionable Swing Trade Ideas for Dec 16 – 20, 2024 | Market Update

The world of swing trading is dynamic, requiring investors to stay updated with the latest trends and shifts in the market. In the recent update for the week of December 16 – 20, 2024, we dive into some interesting insights and trading strategies that might prove beneficial for traders looking to leverage short-term price movements in the market.

Market Overview and Current Trends

Last week ended with a significant reversal bar in the market indices, suggesting potential shifts in momentum. Analyzing hourly and daily charts provides a broader perspective on potential movements. Notable observations include the resilience of the uptrend in major indexes like the QQQ (Nasdaq-100) and hesitation in others such as the S&P 500 and Russell 2000, with the latter showing an unusual string of downward movements.

Analyzing Key Indices and Their Impact

• NASDAQ-100 (QQQ): Despite attempts to break the prevailing uptrend, the index has managed to bounce back, reinforcing the uptrend. A critical point to watch is whether the index will gap down below Friday’s low, which could indicate a potential reversal of the current trend.
• S&P 500 (SPY): Currently in a sideways momentum, SPY is balancing at an all-time high, showing some consolidation without clear directional momentum.
• Russell 2000 (IWM): After a significant number of consecutive red bars, there is a sense of lost momentum despite the underlying uptrend, which might indicate potential for a pullback or rebound.

Promising Swing Trade Ideas

As we approach a new trading week, certain stocks present interesting opportunities based on their technical setups:

Long Positions

• ALLT: Watch for a breakout over $5.50 with a stop under $5.00 and a target of $6.50. This setup is characterized by a series of narrow range consolidation bars following a significant move, suggesting a continuation pattern.
• ATUS: Showing potential on both weekly and monthly charts. Trades could consider entries over $2.70 or $2.83, with a stop around $2.20 for a long-term bullish play.
• BKKT: Already having made a move, still presents an opportunity if it breaks above $29.60. This would be considered a longer-term position given the wide stop under $23.00.

Short Positions

• APLT: An hourly base breakdown looks promising below $1.08 with a stop at $1.40.
• BIOA: Post an igniting gap, a breakdown under $4.23 with a target of $5.00 offers a short setup.
• TD: Having triggered a sell setup, targeting lower prices below Friday’s low of $53.20 with a stop at $53.90.

Keeping Risk in Check

It’s important to remind traders that all trading involves risk. The ideas discussed are for educational purposes, and ensuring a proper risk management strategy is crucial. Monitoring these proposed entries and exits can aid in making informed decisions based on current market dynamics.

Concluding Insight

As investors prepare for the upcoming week, staying informed through detailed analysis and market updates will be key in navigating the complexities of swing trading. Remember, maintaining discipline in both entry and exit strategies, and staying aware of overall market trends will enhance the effectiveness of your trading approach. For more detailed descriptions and updates on these trades and others, checking out continuous feedback and updates through professional trading educational platforms like T3 Live can enrich your trading knowledge and success rates.

Watch this video below for more info:

Actionable Swing Trade Ideas for Dec 16 – 20, 2024 | Market Update



2024-12-15 22:08:15
Analysis of the current market and a review of several trade ideas for the upcoming week.
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Sami’s Complete Watchlist:

Bullish:
ACHC
AFRM
ALLT
ANGO
ATUS
BABA
BKKT
BNED
CCEP
CELH
CRNC
DEI
FIVE
GEVO
GIII
GOSS
HITI
MTTR
PRCH
PSQH
PYPL
RH
ROKU
SE
SLM
TME
TNXP
TWI
VFS
VMEO

China:
YINN
CWEB
TME
FUTU
JD
LU
WB
BZUN
XNET

Bearish:
AMBP
APLT
BIOA
BYON
CRBP
SAVA
TD

📈 Information presented in this video is for educational purposes only. It is not a recommendation to buy, sell, or hold any securities or follow any investment strategies.

📈 Trading is risky and most traders lose money. You should never trade with money you can’t afford to lose.

📈 If you don’t agree with above statement as well the terms of our disclaimer shown at the beginning of the video, please do not watch this video or any of my future videos.

Video transcript:
hi YouTube please give me a moment while I connect Facebook we’ll be getting started shortly and I think we should be live on Facebook hi everybody Welcome to the Strategic swing trade or weekly broadcast I’m Sammy Abad Director of Education of T3 live hope you’re doing well hope your weekend is going great let’s go ahead and get started hauh I am not live on Facebook I guess am I I am not sure I think I am we’ll just we’ll give it a try before we start as always a standard requir disclaimer let you know that trading is risky and that whatever we discussed in this video is for educational purposes only if you’re new to our Channel be sure to download the free ebook link for that is in the description and then if you find benefit in today’s video please be sure to hit the like button if you have any questions Reach Out by emailing customer service in for at T3 life.com or leave a comment and I’ll be sure to check out the comments after the video all right so the market is up a lot we are we did get a huge reversal bar on Friday so if we take it out we might be in for a pullback but looking at the hourly chart I I don’t see that happening honestly unless we gap down unless like we gap down I don’t see us uh breaking this uptrend because we tried to break it over here and then what happened we gapped up and res went back up resumed the uptrend so I don’t see that as um you know I based on the hourly CH I don’t think we’re going to be coming in again unless we gap down and take out Friday’s low that’s the cues the spy Spy is a little bit weaker I would say look at the hourly trend is just sideways it’s not above the 20 um so lot of momentum in the Spy simply no moment momentum right now to the upside or the downside iwm is back to being the iwm I mean how many red bars in a row is that 1 2 3 4 5 6 7 8 9 10 11 with the exception of this it’s like 11 13 red bars in a row so I don’t know what’s going on with the iwm it it’s kind of it’s still in an uptrend but completely lost the momentum to the upside we might get because we got extended on Friday and Thursday and then go back up we’ll see I I’m neutral on the q’s I’m bullish on the Spy I’m neutral on also so again I feel like there’s a bit of a lack of momentum right now in the market but we should get out of this environment sooner rather than later we just need to to see the cues either Gap and break Friday’s low or take out the prior high and I think it will pull the spy with it because the Spy is basically Gap basing at alltime high which is bullish and the iwm I think will get a a lift if the q’s and the Spy pop in terms of the Swing POS ideas that I got here’s what I got for you I got the AL allt which is like a one two three4 breakout bar a couple of narrow range bars so if it takes out 550 I like it higher with a stop under $5 Target on this would be about 650 up here the 200 Ma on the allt looks good at us I don’t know if it’s ready yet but if you look at the weekly and the monthly for the at us looks pretty nice looks really nice okay so I like it a lot there’s a couple of entries on it one would be over 270 and the other would be over 283 the stop in both cases would be under here under about 220 or so okay on the at us like it as a long-term play bkkt already popped a bit so it’s a it’s kind of a little late but not too late over 2960 with a stop under $23 huge stop but as a longer term play because I mean you know I would expect a big big move on this one otherwise I wouldn’t play it because it’s a really really big stop entry stop and then Target I I I don’t really know for sure what the target is but minimum 7080 no 60 something 68 that would be kind of the target the bed um I don’t like the stocks that crash completely like this I think the vast majority of the time they have a hard time going back up but this looks to be breaking out on the bnet so I like it higher over I think 1380 with a stop under maybe 1060 and Target the 200 Ma on The Daily the CCE doesn’t look very good does it but it looks actually really good as a longer term play so long right here stop right here this is a weekly time frame looks good long term on the CCE clh doesn’t look good on the weekly it looks better on the monthly this is the monthly chart and it looks also good on the daily the weekly is iffy so I don’t think I’ll be touching this one but a lot of people have asked me about the sell and I’ve always said no because it was in a downtrend on the daily chart oops so it was always in a downtrend well now it’s trying to end the downtrend so I do like it higher but the weekly is a little bit difficult on the C the entry would be over this Bar’s High 3240 the stop would be under 2780 the crnc is the daily buy setup like it higher over 752 with a stop under 670 Target one would be nine and then Target two would be I don’t know up here like 12 and a half or 13 five is also a daily buy setup not sure it looks I mean I’m not sure it’s going to trigger because the the hourly is just in in a downtrend I usually wait for the 20 to get below price on the hourly before I play long but it it does have a nice pullback multiple red bars in a row with the biggest forming at the End plus a reversal bar so I like it over 10651 by 101 160 big stop Target maybe 120 on the five gos is a penny stock which is not my thing but it looks good on the hourly chart looks very good long stop you can use a tire stop Friday is low which would be right here if you want that would be a much tighter stop but I would use the bottoming tail bars low entry would be over 95 cents stop under 80 cents or 8050 or 88 big big difference prch uh is basing at the highs a little bit extended but this was also a breakout and a nice igniting bar so basically I like it over last week’s high with a stop under it right here on the prch looks nice PayPal uh PayPal looks good on the monthly chart so it looks good longer term as you know we’re in the affirm which is another uh what is it the buy now pay later company similar to PayPal I like it I don’t like it as much as the affirm but it’s grinding up if you’re not in it already like it higher right here stop right here long-term play also R is another one that I like long term a tough daily nice nice monthly and then the weekly is nice as well one two three on the weekly so over 8675 with a stop under 8050 Target one would be right here Target to who knows but a longer term play the SE is the daily base breakout so over the base right here whatever the highest point is stop under the base right here okay on the SE beautiful transition here on the monthly but it’s already well underway that’s the SC slm is a 123 on the weekly so literally I like it over 2740 by 2580 2740 stop under the daily pivot 20 24 2580 tnxp is another penny stock it looks good so it needs to be over the base whatever the highest point is looks like it’s about 28 and then the stop the stop is a little bit tricky I would put it under the base so about 16 and a half cents Target to 45 which is this Bar’s High that’s 84 I don’t know where I got the 8 the 45 from probably need need to add to open up the the the the the chart a little bit change the scaling that will open it up so here we go so you know 45 is probably this Bar’s High that’s 46 but tell you the truth it has room mostly to about 80 cents 84 so I like it that’s the TN XP the shorts not as many but that’s okay we got the aplt as an hourly based breakdown it looks good under 108 stop over this Bar’s High 13 7 140 under 108 by 140 looks good the B ioa is a short under 423 by $5 it’s a base breakdown after an igniting Gap the by n already in it already added to it also short and then I don’t know where we shorted some more here I think but anyways if you’re not in it looks pretty good lower with a stop over the over the pivot 670 is the pivot crbp is a base breakdown looks good under the base stop above it so under the lowest point on the daily chart stop over 1641 and then TD is the daily sell setup that triggered already on Friday but it’s not too late at all under Friday’s low 5320 with a stop over 5390 so that’s my list for tomorrow I as always posted my entire daily watch list in the video description so check that out again if you have any questions reach out and if you like the video please be sure to hit the like button thank you so much and I’ll see you next week take care byebye everybody