Today’s Swing Trade Ideas

ALB/Long   (Basic Materials Specialty Chemicals) ALB dropped below the big three in mid-July made lower lows and lower highs.  Then on November 4th and 5th a Doji candlestick with a gap and a bullish close over the 50 day simple moving average and the big three.  The chart begin to consolidate pulling back below the 50 day simple moving average.  The last four candlesticks are showing a bullish cradle pattern and the two day chart is showing a bullish Harami.

My entry plan idea: Buy on an inside day
My stop plan idea:  A close below $59.17

• Yesterday’s featured trade idea (SUPN) up 6.3%. At the close.
• FYI Tuesday nights coaching has been posted to the members area
• Mark your calendars for December 13, 2014 ay 11:00 AM Eastern for an online clinic with the Rounded Bottom Breakout Pattern as the topic. This will be a paid event, details to follow.

Good Morning,

SPY:  The SPY grinds higher with a Bullish Engulf formed on Tuesday and bullish follow-through on Wednesday, and price continues to ride the T-Line into the beyond.  Outside of a few blips and dips, theBulls have certainly had their way this year.  The SPY is up nearly 14%.  In the trading room, it is sometimes overwhelming how many good charts everybody is finding, but we at Hit & Run Candlesticks think that’s a good problem to have.  You probably already know that jobless claims will be out this morning and that always has the chance of being a game changer.

 IWM:  IWM is back on the right side of the T-Line — that is if you’re bullish — and back above the 20-day simple moving average with a bullish Harami on Tuesday and bullish follow-through on Wednesday.

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

Each day 10 -15 stocks are posted in the members area that I believe are poised to move 10-20% (maybe more) within the next few days based on the charts. As you know some work and some don’t…Welcome to trading. Please follow your trading rules for entry stops and profits.

Investing and Trading involves significant financial risk and is not suitable for everyone. No communication or chat sessions should be considered as financial or trading advice. All information is intended for Educational Purposes Only.

VXX S&P 500 VIX Short Term Futures:  A close below the T-Line ™ implies the bearish short-term swing traders are in control.

Energy Sector: XLE, SX90, ERX, USO  A close below the  T-Line ™  implies the bearish short-term swing traders are in control.  Short term bottom trying to form

TLT: A close below the  T-Line ™ implies the bearish short-term swing traders are in control. Trying to get back above T-Line.

UUP US Dollar Index: A close above the  T-Line ™  implies the bullish short-term swing traders are in control.

The information in this email and Blog Post are notes to myself and should NOT be construed as financial or trading advice.

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.

Investing and Trading involves significant financial risk and is not suitable for everyone. No communication or chat sessions should be considered as financial or trading advice. All information is intended for Educational Purposes Only.

http://hitandruncandlesticks.com Trading for Profit is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not tell or suggest which securities or currencies customers or subscriber should buy or sell. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here.