Trade Ideas November 12, 2014

Today's Swing Trade Ideas

TSLA/Long  (Auto Manufacturers)  TSLA appears to be recovering from the 200- period moving average and has recovered two other times in the past from the 200-period moving average.  With yesterday's close over the 50-period moving average and yesterday's gap, it tells the story that the buyers are stepping in.  An inside day buy today just might make for a nice entry.

My entry plan idea:  A buy above $242.70 and below $250.95.   Of course, a breakout would work as well.
My stop plan idea:    Manage the trade with a stop on a close below the T-Line to start with.

The Rounded Bottom Breakout (RBB) E-Book Course is on sale right now for only 3 more days at $297.00.  November 14th at midnight, standard pricing applies.

Members $347.00

Retail $447.00

Pre-launch Special $297.00

Below are a few RBB Examples.  One $1,500 RBB trade at 20% would pay for the RBB course and you keep it for life.  Ready to learn a trading strategy that has rules and works?   Yes, I am!

UIC +25%

MITK +25%

ONE +24%

NDLS +29%

BCOV +20%

Good Morning,

SPY:   We just might see a little profit taking in the market today and a good test of the T-Line, even a close or two below the T-Line in the next few days, and that's okay as long as the trend maintains its posture.  The short-term swing trend will stay intact as long as price can continue to close over the T-Line, and if price does crack and close below the T-Line, we will be watching for a reversal signal and a bullish sign which may occur around $199.25.   Of course, this is only if the T-Line fails to support.  Overall, the buyers continue to control this bullish run that started in mid-October.

 IWM:   The bullish J-Hook forming in IWM may see a little pressure from the sellers today, but unless it closes below the T-Line area, the bullish J-Hook will maintain its J-Hook posture.  On the other hand, if the sellers close below the T-Line, the 200-period moving average in the downtrend line becomes the target area, near $114.00.

Rounded Bottom Breakout (RBB) trades

URZ - up 32.67% in 3 days RBB trade

MITK - up 14.55% in 2 days RBB trade

ONE - up 10.22% in 3 days RBB trade

SREV - up 24% in 8 days RBB trade

SOHU setting up now RBB trade

IO setting up now RBB trade

RPRX over the 50sma sets it up RBB trade

RPRX - Friday was a nice 1 day trade for 18.38% thanks to a member in the trading

room!

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 I post a 10 -15 stocks 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.

 

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.

Symbols formembers only Date  Long/Short Try our Membership, Check out the Trading Room
11-7-14 Long Caution
11-5-14 Long Buy on positive trading
11-4-14 Long More weakness coming, wait for it
11-3-14 Long Buy on positive trading
10-30-14 Long Trying to bottom, wait for it
10-29-14 Long Buy on positive trading
10-27-14 Long Buy on positive trading
10-24-14 Long Hit target +28%/Buy on positive trading
10-23-14 Long Wait for it
10-21-14 Long Close on weakness
10-20-14 Long Buy on positive trading
10-17-14 Long Buy on positive trading
10-14-14 Long Profit taking could be on the way
10-9-14 Long Caution, wait for it
10-2-14 Long Close on weakness
9-25-14 Long Target hit +15.5%, Protect!
9-5-14 Long Manage carefully be ready
8-28-14 Long Wait for it
8-14-14 Long Target hit + 35.5%/Buy on positive trading
8-13-14 Long Target Hit +29%/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 a possible bounce today.

Energy Sector: XLE, SX90, ERX A close above the T-Line ™ implies the bullish short-term swing traders are in control. The recent trend implies the buyers are working it.

TLT: A close below the T-Line ™ implies the bearish short-term swing traders are in control, Trapped between the 20 and 50 Sma's.

The information in this email and Blog Post are notes to myself and should 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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