Today’s Swing Trade Ideas

AREX/Long  (Energy Sector)  AREX close Friday in our Rounded Bottom Breakout Pattern along with a J-Hook pattern setting up.  Over the past couple of weeks price is formed what appears to be a bottom with a rally from the lows to the 50 day simple moving average pulling back to the 20 day simple moving average closing over the 50 simple moving average Friday.  We’ll start with a 15% target and see what happens.

My entry plan idea:  Below $13.25 And above $11.50
My stop plan idea:    A close below the T-Line for now

Good Morning,

SPY:  Our T-Line trend line continues to stay bullish as price climbs higher.  Friday’s high came right to our trend line, then ended up closing down for the day.  Friday’scandle is suggesting that the Bulls are still in control, but they may need to consolidate and regroup for a few days.  Going into Thanksgiving week could cause a bit of volume to drop off.

 IWM:  IWM was trying to form a bullish J-Hook breakout on Friday, but it appears that it stopped at the downtrend line, and the bears ended up closing Friday very close to Thursday’s close.  Price did continue to close above the T-Line, so for now the Bulls are still in charge of the short-term swing trade.  The only question is:  Can they defend the T-Line going into this holiday week?

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.

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  A close above the  T-Line ™  implies the bullish short-term swing traders are in control.

TLT: A close above the  T-Line ™ implies the bullish short-term swing traders are in control, a rounded bottom forming.

UUP US Dollar Index: 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 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.