Today’s Swing Trade Idea
TZA (Small Cap Bear 3X) Featured on September 5th. Last Friday, TZA formed a bullish harami closing over the T-Line and 20-day SMA and looks to want the 50-day SMA. Over the 50-day SMA, we could see the 200-day SMA, about a 12% move.
My entry plan ideas: (Already own TZA) Buy over $14.22
My stop plan: $14.14
Good Morning,
SPY: Last week the sellers toyed with the buyers and forced a little profit taking. The sellers have respected the 23% retracement line. The question is: Can the buyers hold the line? The SPY closed Friday below the T-Line and lower highs are a seller’s sign. Looking at the weekly chart, I am seeing a possible evening star. Swing traders / profit traders are in the best position to be successful in this market. Follow the trend and don’t be afraid to take profit. You know you don’t have to wait for an absolute sell signal. Think about it — what would 8-15% do for you?
IWM: Is at a critical point and really needs to find strength above the 50- and 200-day SMAs.
Could you have made money with us? I think so! Check out these winners!
DATA- Featured on September 2 — 20%er
NEO- Featured on August 19 — 15%er
ZLTQ- Featured on August 14 — 34%er
CLVS – Featured on August 13 — 18%er
ECYT- Featured July 31 — 40%er
PEIX- Featured July 30 — 30%er
EGOV- Featured July 29 — 15%er
UCTT- Featured July 23 — 13%er
CSUN- Featured July 15 — 20%er
EXTR- Featured July 14 — 24%er
DANG- Featured July 11 — 30%er
BWP- Featured July 16 — 16%er
KNDI- Featured May 13 — 78%er
AT- Featured April 4 — 40%er
Are there losses? Of course there are. Keep those to a 2-5% loss and you win!
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| Symbols formembers only | Date | Long/Short | ||
|---|---|---|---|---|
| 9-5-2014 | Long | Buy on positive trading | ||
| 9-2-2014 | Long | Protect your profit / Raise stop | ||
| 8-28-2014 | Long | Buy on positive trading | ||
| 8-21-2014 | Long | Buy on positive trading | ||
| 8-20-2014 | Long | Caution | ||
| 8-19-2014 | Long | Protect your profit /Raise stop | ||
| 8-14-2014 | Long | Protect your profit /Raise stop | ||
| 8-13-2014 | Long | Wait for buy signal | ||
| 8-6-2014 | Long | Watch for buy signal | ||
| 7-31-2014 | Long | Watch for pbo | ||
| 7-30-2014 | Long | Watch for pbo | ||
| 7-29-2014 | Long | Buy on positive trading | ||
| 7-17-2014 | Long | Buy on positive trading | ||
| 7-15-2014 | LONG | Buy on positive trading | ||
| 7-14-2014 | Long | Close on weakness | ||
| 7-8-2014 | Long | Buy on positive trading | ||
| 7-7-2014 | Long | Close on weakness | ||
| 6-16-2014 | Long | Close on weakness | ||
| 4-14-2014 | Buy over 20sma/ Close on weakness | |||
| 4-9-2014 | Long | Close on weakness |
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VXX S&P 500 VIX Short Term Futures: A close above the T-Line ™ implies the bullish short-term swing traders are in control, the candle pattern is suggesting a short term bottom is starting to build.
USO United States Oil Fund: A close below the T-Line ™ implies the bearish short-term swing traders are in control. The current candle pattern is suggesting sellers are in control.
GDX Gold Miners ETF: A below the T-Line ™ implies the bearish short-term swing traders are in control. Yesterday’s candle implies the sellers are in control.
TLT: A close below the T-Line ™ implies the bearish short-term swing traders are in control. Yesterday’s candle implies the sellers are in control.
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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