Today’s Swing Trade Ideas

PACB / Long (Healthcare Biotechnology)  After a slight pullback to the 20-day period moving average, PACB gapped yesterday forming a bull kicker closing above the T-Line.  The chart is suggesting approximately $10.25 as a future target, which is about 20%.

My entry plan idea:  Inside day buy, below $8.34 and above the T-Line
My stop plan idea:   A close below the T-Line

**NUGT – Yesterday NUGT was our featured trade idea, and we bought and sold NUGT for a 8.6% daytrade.

Good Morning, 

SPY:  While the SPY trades in its symmetrical triangle, it will continue to be range bound until one of two movements happen:  one movementwould be if the buyers take control and run price above the upper trend-line breaking out of the range into bullish territory; the second movement would be the sellers taking control and running price below the lower trend line breaking down the range into bearish territory.  Below $203.51, the sellers would have the edge and the lower symmetrical trend line will be in danger.  Above $204.60, the buyers would have the edge and the upper symmetrical trend line could possibly open up for the buyers.

IWM:    Above $118.84 gives the buyers the upper hand and the ability to reach higher to the $119.90 area;  below $117.31, the sellers would have the upper hand and the ability to find $114.60.  As always, the close is one of the most important times of the day and today will be no different.  How today’s candle closes could impact the next week or two in trading.

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

Have a few shorts or inverse ready, just in case

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.  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.