One of Today’s Swing Trade Ideas
FEYE/Long (Technology) Friday FEYE broke out of its wedge on the bullish side closing over its April highs and poised to take on the February’s highs about 46.44. Inside the wedge FEYE produced higher lows that helped it climb to the breakout. Note that FEYE was also a featured trade idea on April 13.
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Good Morning,
SPY: The transports (mainly the rails right now) Are definitely applying pressure to the market and not allowing the market to move up. FedEx and UPS did not fare very well on Friday’s close, possibly a tipping point for them. As of the close Friday last week the Bulls are still in charge price continued to close over the T-Line and the big three and avoided a close below the breakout line
IWM: Although IWM closed last week above the big three and the T-Line the 20 SMA still lags below the 50 SMA suggesting the Bulls have not been bullish enough long enough. The current chart pattern on IWM should give a little concern on whether to be 100% bullish or not. It might be prudent to have a few shorts, inverse ETF’s pullback on the amount of longs or the amount of money spent on longs.
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Members Trade Ideas – Members Only
In the members area you will find 10-15 trade ideas every day
Each day 10 -15 stocks are posted in the members area that I believe are poised to move 10-20% (maybe more) within the next few days based on the charts. As you know some work and some don’t…Welcome to trading. Please follow your trading rules for entry stops and profits. Remember to check for earnings!
Symbols from TC2000
Investing and Trading involves significant financial risk and is not suitable for everyone. No communication or chat sessions should be considered as financial or trading advice. All information is intended for Educational Purposes Only.
| Members only | Date | Long/Short | Try our Membership, Check out the Trading Room | |
| 5.21.15 | Long | BOPT above T-line | ||
| 5.20.15 | Long | BOPT above T-line | ||
| 5.19.15 | Long | BOPT above T-line | ||
| 5.13.15 | Long | BOPT above T-line | ||
| 5.6.15 | Long | BOPT above T-line | ||
| 5.5.15 | Long | Are stops set? | ||
| 5.4.15 | Long | BOPT above T-line | ||
| 4.30.15 | Long | Caution be ready to close | ||
| 4.28.15 | Long | BOPT above T-line | ||
| 4.27.15 | Long | BOPT above T-line | ||
| 4.23.15 | Long | BOPT | ||
| 4.22.15 | Long | Raise stop protect profits | ||
| 4.14.15 | Long | BOPT above T-line | ||
| 4.13.15 | Long | BOPT above T-line | ||
| 4.10.15 | Long | BOPT above T-line | ||
| 3.30.15 | Long | BOPT above T-line | ||
| 3.24.15 | Long | BOPT | ||
| 3.6.15 | Long | Raise stop/BOPT above T-line | ||
| 1.22.15 | Long | BOPT above T-line | ||
| 7-8-14 | Long | BOPT above T-line |
VXX S&P 500 VIX Short Term Futures: A close below the T-Line ™ implies the bearish short-term swing traders are in control.
Energy Sector: XLE, SX90, ERX, USO A close below the T-Line ™ implies the bearish short-term swing traders are in control.
TBT: A close below the T-Line ™ implies the above short-term bearish swing traders are in control. At some point TBT in a bullish stance will put pressure on the bullish market.
US Dollar Index: UUP, DXYO A close above the T-Line ™ implies the bullish short-term swing traders are in control.
The information in this email and Blog Post are notes to myself and should NOT be construed as financial or trading advice.
Investing and Trading involves significant financial risk. No communication should be construed as financial or trading advice. All information provided is for Educational Purposes Only.
Investing and Trading involves significant financial risk and is not suitable for everyone. No communication or chat sessions should be considered as financial or trading advice. All information is intended for Educational Purposes Only.
http://hitandruncandlesticks.com Trading for Profit is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not tell or suggest which securities or currencies customers or subscriber should buy or sell. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here.
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