Today’s Swing Trade Ideas

DGLY/Long  (Technology sector)  After forming a bullish kicker on December 2 and a small rally, profit taking took over pulling the chart back to its 50-day simple moving average where it started to create a bottom.  Tuesday formed an inverted hammer followed by yesterday’s gap above the 20-day simple moving average and the Doji.  In the recent past, you can also see a bullish “W” pattern.

My entry plan idea:  In the buy box – between $13.22 and $17.03
My stop plan idea:  A close below $13.19

• WRES was a quick day trade for +30.77% along with SN +12.4%
• On Friday, December 19, we have a special guest (one of our own members) that will present at 2 PM Eastern and you are invited. No password needed; we will post the link tomorrow morning.

Good Morning, 

SPY:   In yesterday’s morning email I posted a pretty picture of what I thought yesterday would end up (bullish morning star).  We had the bullish inverted hammer in place; we just needed the bullish candle follow-through and like magic, it appeared.  It wasn’t magic; it was reading the candlestick signals. With Tuesday’s inverted hammer coupled with an extreme oversold condition, it became simple logic that we were going to see a rally yesterday.  Today I suspect we will see a little follow-through and the Bulls will likely be hunting for that $204.00 doorway.  Be warned the bears may try to defend $204 -$206.

IWM:  Bazinga!!  Would you take a look at that IWM chart.  It opened below the 50- day simple moving average and closed above the 20-day simple moving average for a 3.9% gain yesterday.  I would suspect that IWM will test its recent high in the very near future.

This Week’s Economic Calendar—> Click Here

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.

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.

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 above the  T-Line ™  implies the bullish short-term swing traders are in control.  Short term bottom constructing.

TBT: A close below the  T-Line ™ implies the bearish short-term swing traders are in control.  Possible bottom forming, short term.

US Dollar Index: UUP, DXYO A close below the  T-Line ™  implies the below short-term swing traders are in control. Dollar may be trying to weaken, wait for conformation.

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.