<h4Today’s Swing Trade Idea
DATA (Technology Sector Software) DATA is forming a bullish “W” pattern that closed strong above the big 3 Friday. The 200sma and the July 1 high is the next logical target and obstacle then on to the races. Looking for about a 30% trade.
My entry plan ideas: Below Friday’s high but will take a breakout
My stop plan: For now a close below the 50sma
Good Morning,
SPY: 15 day T-Line Run and closed above the 200.00 mark. We will continue to stay bullish while watching for hints of profit taking.
IWM: Has been in an impressive T-Line Run with a new target of about 118.50. Nice T-Line PBO Friday.
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| Symbols for members only | Date | Long/Short | ||
|---|---|---|---|---|
| 8-28-2014 | Long | Buy on positive trading | ||
| 8-21-2014 | Long | Buy on positive trading | ||
| 8-20-2014 | Long | Buy on positive trading | ||
| 8-19-2014 | Long | Buy over T-Line | ||
| 8-15-2014 | Long | Watching for a buy signal | ||
| 8-14-2014 | Long | Buy on positive trading | ||
| 8-13-2014 | Long | Buy on positive trading | ||
| 8-12-2014 | Long | Buy over 50 sma | ||
| 8-6-2014 | Long | Possible PBO setting up | ||
| 7-31-2014 | Long | Buy on positive trading | ||
| 7-30-2014 | Long | T-Line run-protect your profits | ||
| 7-29-2014 | Long | Be a profit trader/Possible PBO | ||
| 7-24-2014 | Long | Buy over 20sma | ||
| 7-23-2014 | Long | Buy on positive trading | ||
| 7-21-2014 | Long | Buy on positive trading | ||
| 7-17-2014 | Long | Caution! | ||
| 7-15-2014 | LONG | Buy on positive trading above 50sma | ||
| 7-14-2014 | Long | Buy on positive trading | ||
| 7-11-2014 | Long | Watch for buy signal | ||
| 7-8-2014 | Long | Buy on positive trading, T-Line Run | ||
| 7-7-2014 | Long | Buy on positive trading | ||
| 6-16-2014 | Long | Buy on positive trading | ||
| 5-13-2014 | Long | Wait for it | ||
| 4-14-2014 | Buy over 20sma | |||
| 4-9-2014 | Long | Buy on positive trading | ||
| 2-25-14 | 200sma | Be ready |
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VXX S&P 500 VIX Short Term Futures: A close below theT-Line ™ implies the bearish short-term swing traders are in control, last week’s candle pattern implies we could be trying to build a bottom.
USO United States Oil Fund: A close Above the T-Line ™ implies the bullish short-term swing traders are in control. Yesterday’s candle implies the 200sma will likely be reached and then possible on to the 50sma.
GDX Gold Miners ETF: A close above the T-Line ™ implies the bullish short-term swing traders are in control. Yesterday’s candle Implies this run is not likely over.
TLT: A close above the T-Line ™ implies the bullish short-term swing traders are in control. Yesterday’s candle implies buyers are in control with possible consolidation near
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
Members Trade Ideas – Members Only
Keep the inverse ETF’s close by and watch them closely they produce good money, fast
Symbols from TC2000
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