Today’s Swing Trade Ideas

SUPN/Long   (Healthcare Drug Manufacturer) SUPN has been controlled by the sellers for the past 3 to 4 months being held under the big three.  Recently  the buyers have taken charge running price from below the big 3 to above the big three.  Rolling up to the 200 period moving average and consolidating with the morning star signal supported with the T-Line SUPN is our featured trade idea today.

My entry plan idea: Buy on positive trading above the T-Line

My stop plan idea:  $8.66

• Over half the traders in the trading room went to the bank with 20-50% on DGLY yesterday.
• Below is the revised PCF for the TC2000 scan that we talked about last night in the Member E-Coaching .
• (((C – C20) / C20) > .12) and (C <= H3 or C <= H4) and C20 <= AVGC50.20 and C > AVGC50
• I have already put together several variations and will get them posted to the website soon.

Good Morning,

SPY:  The Bulls managed to pull the SPY back over the T-Line, but it is still in a foggy trading box.  Overall the Bulls are still controlling the SPY, S&P 500 and the rest of the market for the most part.  In theshort-term, it’s just a bunch of chop and noise, and it will stay that way as long as we stay trapped between the November high and the current December low.  Basically our trading plan will be to simply find quality chart setups, set stops and trade for profits.

 IWM:  IWM managed to print a bullish Harami and has held above the recent November low of $114.37, which also just happens to be slightly above the 200- day period moving average.  None of this changes the fact that IWM still closed below the T-Line and the 20-day simple moving average, which means until we see bullish follow-through, I believe IWM is being stalked by the bears.

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

TLT: A close below the  T-Line ™ implies the bearish 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.