Today’s Swing Trade Ideas

MILL/Long (Energy oil and gas)  After forming a rounded bottom, a Doji Bullish Engulf was printed followed by a breakout of the 50-period moving average, two days of consolidation followed by a Bullish Engulf and then Friday closing with a Doji has MILL not only as a Rounded Bottom Breakout but also a Doji continuation pattern.

Entry, Stop & Profits for MILL will be discussed at 9:10 Eastern in the Trading Room…
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SPY:  On the weekly chart, the SPY opened off the lows and closed above the highs, also opening below the 20-day period moving average and T-Line, then closing above both as well as closing above the bearish downtrend line.  After the strong week, Friday was a day to give a little back closing with a dark cloud cover (although not perfect, it is close enough).  This will suggest a lower low today. What we would like to see over the next couple days is just light consolidation. Anything more would give the sellers a little too much control.  Keep your eye on today’s candlestick and the T-Line.

IWM:   With a bullish T-Line run, the last four trading days that has lifted off the T-Line would suggest a little consolidation to allow the T-Line to catch up to price.  Currently, price and the T-Line are in a bullish trend.  We will be watching closely for any cracks in that trend.

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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.

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

TBT: A close above the  T-Line ™ implies the bullish short-term swing traders are in control. This should change today, watch for a close over the T-Line.

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.