Today’s Swing Trade Ideas

EXK / Long (Basic Materials Silver)  EXK has come off of its lows closing above the T-Line with about 13 1/2% between the T-Line and the 34 EMA and about 25% from the T-Line to the 50-day simple moving average.  EXK is set up for both a pinball trade as well as a snap-back 50 trade.  Also take note of the 1-2-3 formation with the Doji Bullish Engulf the last two trading days.  All are strategies that we use here at Hit &Run Candlesticks.

My entry plan idea:  Positive trading above the T-Line
My stop plan idea:   A close back below the T-Line.

Good Morning, 

SPY:   Friday’s close was below the T-Line suggesting the short-term sellers are in control.  When this occurs, it’s important to be patient and wait for a bullish candlestick signal or pattern. The buyers found a little support at Friday’s low near the 50-day simple moving average closing at $205.43 about the 20-day simple moving average.  Now that we are back at our first full week of trading, the buyers and sellers are likely giving a clue for the near-term future trading.  Currently, the buyers control the longer trend and the sellers are controlling the short-term swing-trade trend.  I also see the possibility of a bearish “M” pattern forming in the SPY which still needs confirmation.

IWM:   IWM found support at the 20-day simple moving average and recent highs.  But with three lower closes and a close below the T-Line, it’s important to wait for a bullish reversal signal or pattern.

The market is still a bit mixed from last week’s trading with bullish and bearish trades, and in our members’ trading list, you will find both bullish trades mixed with a few inverse ETF’s for today’s stock picks.

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.

Energy Sector: XLE, SX90, ERX, USO  A close below the  T-Line ™  implies the bearish short-term swing traders are in control.  Bullish finish Friday

TBT: A close below the  T-Line ™ implies the bearish short-term swing traders are in control.  Possible bottom forming, short term.

US Dollar Index: UUP, DXYO 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.