Today’s Swing Trade Ideas

NUGT / Long (Gold Miners Bull ETF)   NUGT became a Rounded Bottom Breakout on January 7 and continues to consolidate above the 50-period moving average.  You can see all eight of the Rounded Bottom Breakout setup rules found in the e-book.  Also, a bullish double bottom and a Doji Bullish Engulf secured the 20- period moving average.

My entry plan idea:  Below $15.59 would be nice, but I’d also take an entry below $16.86.
My stop plan idea:   I’m going to use a 5% stop or a bearish candlestick on the close

Good Morning, 

SPY:  The bearish pattern that I have mentioned over the past week or two is still hanging over the market.  Last week we had a nice little reliefrally off of the January lows that closed us back over the big three.  Friday it appeared the bulls had a little trouble with the follow-through and ended up allowing the bears to step in and paint a bearish dark cloud cover that closed back below the big three.  With Friday’s bearish dark cloud cover, we still need to see sellers’ follow-through to complete this signal.  Although not 100% bearish, I will be very cautious on how I proceed today.  The bulls need $206.39 in the SPY and the bears want Friday’s low of $204.25.

IWM:   IWM printed a bearish engulf on Friday that sliced through the 20-day simple moving average but closed above the 50-day simple moving average.  There could be some bears out there looking to close price below the 50, so be forewarned.  Friday’s bearish engulf could also be setting us up for a lower high which could be the start of a bearish channel.

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. Possible short term bottom building

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. Topping and selling signal printed

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.