Today’s Swing Trade Ideas

CURT/Long  (Technology Sector Communication Equipment)  CURT Is currently a featured trade idea, thought I would post it again because of the chart formation.  The rounded bottom is still intact, the close over the T-Line in the 20 simple moving average are holding nicely.  With a 2 bar consolidation still holding in the bar that got our attention and Friday closing with a near-perfect Doji sets this chart up For a Nice Pinball Play

My entry plan idea: Below 1.16 and above 1.07
My stop plan idea:  Pinball rules = a close below the T-Line

Good Morning, 

SPY:   If the SPY manages to put in an oversold bounce today because it got there a little too quickly, it is possible we do see an oversold bounce.  The end-of-the-day close is what counts, and the end-of-the-daycandle on the daily chart is what we read.  I doubt very seriously that any kind of balance could lead us up to any remarkable recovery whatsoever at this point.  In a bullish trend, we look for higher lows and higher highs; in a bearish trend we look for lower lows and lower highs.  We can already see that in last week’s trading.

IWM:  IWM barely held on to its channel trading Friday closing at the low end.  A slight bounce is possible but not likely to finish strong.  I do believe more downside is ahead of us.

IYT:  On November 28, IWM painted a bearish dark cloud cover with massive follow-through.  The chart pattern the last two weeks has painted lower lows and lower highs that are now close below the 20-day simple moving average, and I’m fairly confident that price will have the pleasure to see the 50-day simple moving average before too long.  Be careful not to get tricked into a bullish bounce because we at Hit&RunCandlesticks.com know that we need a bottom formation and bullish follow.

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.

Symbols from TC2000

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 above the T-Line ™ implies the bullish short-term swing traders are in control. PBO coming.

Energy Sector: XLE, SX90, ERX, USO  A close below the  T-Line ™  implies the bearish short-term swing traders are in control.   No buy signal as of yet.

TLT: A close above the  T-Line ™ implies the bullish short-term swing traders are in control.

UUP US Dollar Index: A close below the  T-Line ™  implies the below short-term swing traders are in control. Dollar may be trying to weaken, wait for conformation.

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.