Today’s Swing Trade Ideas

RATE/Long   (Internet Content & Information)Became A Rounded Bottom Breakout on November 10, consolidated for 14 days and yesterday closed with a Bullish Engulf over the T-Line, with a double bottom

My entry plan idea: But yesterday at $11.97) plan to add more on positive trading above $11.65
My stop plan idea:  $11.48

• Yesterdays featured trade idea (TZA) produced just under 4% for many.
• Members e-learning tonight 8 PM Eastern in the live trading room

Good Morning,

SPY:  For the first time in 29 days, the SPY closed below the T-Line, and after gapping down came dangerously close to a bearish island reversal.  The bulls will need to do a little work to pull themselves backover the T-Line.  If they’re not careful, the bears could take a little advantage here and drop the price to about the 20-day simple moving average.  The transports (IYT) didn’t help too much yesterday after Friday’s bearish belthold and yesterday printed bearish follow-through closing below the T-Line and the 20-day simple moving average.

 IWM:  IWM closed with bearish follow-through yesterday gapping down below the T-Line and the 20-day simple moving average.  The 200-day simple moving average is only about a half percent below yesterday’s close, and I believe price will find the 200 SMA.  If the bears manage to close below the 200-day simple moving average, that will also take out November’s low.  Looking at a four-hour chart, you can see that IWM is trying to paint a bearish “M” pattern and $114.37 will be a key area for the bulls to defend and the bears to crush.  The pattern is also visual on the daily chart as well.

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 above the T-Line ™ implies the bullish 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.  Watching for a bottom to form

TLT: A close above the  T-Line ™ implies the bullish short-term swing traders are in control. Profit taking underway

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 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.