Trade Ideas October 22, 2014

Today's Swing Trade Ideas

ACHN/Long  (Healthcare Biotechnology)
Is trying to put together a Doji continuation pattern, some know it as a (Doji sandwich) above the big three and after constructing a two-week base.  ACHN was also a featured trade idea on October 17.  As of the close yesterday we are still looking for approximately 20% in this position.

My entry plan idea:   Accumulate below $12 and above $11.60
My stop plan idea:   A close below $11.60

Good Morning,

SPY:  Yesterday the Bulls were able to close above 192.70 and the 20 day simple moving average.  There is no doubt that the Bulls have had a fantastic rally the...

last few days but the $64,000 question remains, do they have enough juice to successfully close above the 50 day simple moving average and maintain their bullish charge without a minor retreat.  It wasn't too many days ago we were talking about a relief rally was very likely, so has the recent rally been nothing more than a relief rally or is it a rally that is the start of a bullish reversal that pushes price successfully above all the major moving averages to possibly test new highs.  And that my friends is the $64,000 question.

If you're looking for clues you won't find them in your gut or the television nor will you find them from so-called gurus telling you "you can't possibly lose in the stock market" and how do double your money a ridiculous amount of times in a month.  The clues will come from studying the charts, candlestick signals which depict price action and human nature. We all know the teach you to fish give you a fish story so if you want to learn how to fish meet me down by the creek. Click Here for Directions

IWM: IWM did indeed capture the 109.94 flag then went on to close over the 34 exponential moving average.  IWM looks as if it's on its way to the 50 day simple moving average just as in the spy the $64,000 question is can it successfully close above the 50 SMA without a retreat first.  Follow the charts, price action doesn't lie

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

 

Current  Swing Trade Featured Trade Ideas- Gold & Silver Members Only:

Symbols formembers only Date  Long/Short Try our Membership, Check out the Trading Room
10-21-14 Long Buy on positive trading
10-20-14 Long Buy on positive trading/ profit taking soon
10-17-14 Long Buy on positive trading
10-14-14 Long Buy on positive trading/protect your profits
10-9-14 Long Caution
10-2-14 Long T-Line stop
9-30-14 Long Buy on positive trading/watch for profit taking
9-25-14 Long Buy on positive trading
9-18-14 Long Buy on positive trading
9-5-14 Long Wait for it
8-28-14 Long Buy on positive trading
8-14-14 Long Buy on positive trading
8-13-14 Long Buy on positive trading
7-8-14 Long Buy on positive trading

 

VXX S&P 500 VIX Short Term Futures:  A close below the T-Line ™ implies the bearish short-term swing traders are in control, Yesterday's candle implies sellers are in control.

USO United States Oil Fund:  A close below the  T-Line ™  implies the bearish short-term swing traders are in control.  The current candle pattern implies buyers are trying to build a short term bottom.

TLT: A close above the  T-Line ™ implies the bullish short-term swing traders are in control.  Recent candles implies consolidation and sellers are in control.

The above are just my thoughts to myself just thought I would share with everyone.

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.

Rick

Comments are closed.

Skip to toolbar