Today’s Swing Trade Ideas
SIMO/Long (Technology Sector Semiconductors) SIMO gapped over the big three yesterday from a doji continuation pattern, also known as a doji sandwich. I am looking for about 12% on SIMO.
My entry plan idea: Buy at the open to negotiate a better price
My stop plan idea: A close below 26.82
Good Morning,
SPY: Who has the ball? Well, the bears do. There are two great patterns to look for when trading short: blue ice failure and the dreaded “h” pattern. And when the dreaded “h” pattern is a blue ice failure, your probability of success is doubled. When you look at your SPY chart, can you see it? If not, give us a try in our trading room and I will teach you!
The bears still have control over the trend and price still trades on the sellers’ side of the T-Line, and yesterday’s candle signal implies bears are in control.
IWM: IWM has drawn a double “M” top which is a bearish pattern. Can you find the bearish “h” pattern this last week or so? Price still trades below the T-Line — bears 1, bulls zip! Yesterday’s gap down and close on weakness implies the sellers are in charge.
Need help knowing when a bottom has formed? Hit & Run Candlesticks can help.
Beware Profit Traders we are in earnings season
Members Trade Ideas – Members Only
In the members area you will find 10-15 trade ideas every day
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Current Swing Trade Featured Trade Ideas- Gold & Silver Members Only:
| Symbols formembers only | Date | Long/Short | Try our Membership, Check out the Trading Room | |
| 10-3-14 | Long | Caution/wait for a PBO | ||
| 10-2-14 | short | Close the sort, good earnings now a long | ||
| 10-1-14 | Short | Cover on strength | ||
| 9-30-14 | Long | Buy on positive trading | ||
| 9-25-14 | Long | wait for a PBO | ||
| 9-18-14 | Long | Wait for buy signal | ||
| 9-17-14 | Long | Get ready | ||
| 9-5-14 | Long | Buy on positive trading | ||
| 9-2-14 | Long | Buy on positive trading | ||
| 8-28-14 | Long | Watch for buy signal | ||
| 8-14-14 | Long | Needs a buy signal | ||
| 8-13-14 | Long | Buy on positive trading | ||
| 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 bullishness.
USO United States Oil Fund: A close below the T-Line ™ implies the bearish short-term swing traders are in control. The current candle signal implies weakness
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.
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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