Today’s Swing Trade Idea
FEYE (Technology sector software application) FEYE has the potential of a 35% move with almost a five-month base after its decline and appears to be taking control. Yesterday’s bullish morningstar signal over the big three is the indication of the possible rally and attack of the 200-day simple moving average.
My entry plan ideas: (Trading room buy yesterday) I plan to add above the T-Line and below yesterday’s high.
My stop plan: A close below 31.80.
Good Morning,
SPY: The bullish morningstar balance from support is still in play as yesterday SPY posted a doji at the upper end of Tuesday’s candle. This chart pattern has probabilities of being a bullish continuation pattern. In the trading room before the close yesterday, I posted two possible bullish targets for the SPY: $202.55 then 203.80. Looking through charts last night, I noticed there are quite a few cup-and-handle setups, J-Hook’s, rounded bottom breakouts and a few pinball setups that are looking good.
IWM: Seems to be the weakest link compared to the SPY and the QQQs. Over the 20-day simple moving average would put IWM in the ballgame.
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| Symbols formembers only | Date | Long/Short | ||
|---|---|---|---|---|
| 9-18-2014 | Long | Buy on positive trading | ||
| 9-5-2014 | Long | Caution | ||
| 9-2-2014 | Long | Buy on positive trading | ||
| 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 | Wait for a buy signal | ||
| 8-14-2014 | Long | Buy on positive trading | ||
| 8-13-2014 | Long | Buy on positive trading | ||
| 8-6-2014 | Long | Close on weakness | ||
| 7-31-2014 | Long | Wait for buy signal | ||
| 7-30-2014 | Long | Close | ||
| 7-29-2014 | Long | Wait for buy signal | ||
| 7-17-2014 | Long | Wait for buy signal | ||
| 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 | Buy on positive trading | ||
| 6-16-2014 | Long | Buy over 20sma/ Close on weakness | ||
| 4-14-2014 | Buy over 50sma/ Close on weakness |
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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, Yesterday’s Doji implies slight indecision.
USO United States Oil Fund: A close above the T-Line ™ implies the bullish short-term swing traders are in control. The current candle pattern is suggesting buyers 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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