Today’s Swing Trade Ideas
RALY/Long (Technology Sector Software) RALY Has been in a RBB pattern (rounded bottom breakout) from the gap of August 29, for about a month now it’s been walking along the T-Line and looks like it’s ready to finish its run to the 200 period moving average which is approximately 12% away. With a successful bullish breakout of the 200 period moving average I see another 20% possible. Remember to consider the direction of the overall market as it can benefit and harm you.
My entry plan idea: Positive trading above the T-Line
My stop plan idea: A close below the T-Line
Good Morning,
SPY: A doji was formed in the SPY yesterday, which is not too surprising after a two-week selling spree and has put the SPY in an oversold condition that brings out the oversold buyers. Unfortunately, the doji of yesterday did not change the overwhelming bearish trend, not to mention that we know after a correction like we’ve had, it takes more than one candle to create a meaningful bullish run. So at this point, there is a possibility of a minor relief rally. But as of yesterday’s close, the sellers still control the trend. A good jobs number could help with a relief rally if not…..look out below.
IWM: IWM printed a bullish harami yesterday but still closed below the T-Line and is still in a downtrend. A relief oversold rally is possible, but the chart is still controlled by the sellers as of the close of yesterday.
TZA, a featured trade Idea on September 5, has posted a 26.2% return for the H&R Candlestick readers. Click Here to read more about September 5.
October 3 – employment situation 8:30 AM/international trade 8:30 AM
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
Current Swing Trade Featured Trade Ideas- Gold & Silver Members Only:
| Symbols formembers only | Date | Long/Short | Try our Membership, Check out the Trading Room | |
| 10-2-14 | short | Can be shorted on weakness | ||
| 10-1-14 | Short | I protected profits yesterday | ||
| 9-30-14 | Long | Buy on positive trading | ||
| 9-29-14 | Long | Buy on positive trading | ||
| 9-18-14 | Long | Buy on positive trading | ||
| 9-18-14 | Long | Wait for buy signal | ||
| 9-17-14 | Long | Close/waiting for a buy signal | ||
| 9-5-14 | Long | Protect your profits | ||
| 9-2-14 | Long | To the 50sma | ||
| 8-28-14 | Long | Watch for buy signal | ||
| 8-19-14 | Long | Watch for buy signal | ||
| 8-14-14 | Long | 50sma support? Watch for buy signal | ||
| 8-13-14 | Long | Buy on positive trading | ||
| 7-31-14 | Long | close on weakness | ||
| 7-8-14 | Long | Buy on positive trading/ Caution |
VXX S&P 500 VIX Short Term Futures: 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 consolidation.
USO United States Oil Fund: A close above the T-Line ™ implies the bullish short-term swing traders are in control. The current candle signal (Bullish Piercing) is suggesting a possible reversal pattern starting.
TLT: A close above the T-Line ™ implies the bullish short-term swing traders are in control. Yesterday’s candle implies buyers are still in control with consolidation.
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
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