Today’s Swing Trade Ideas
CSCO/Long (Communication index) CSCO was a featured trade idea back on February 19. As you can see, there were a few days of consolidation and then yesterday printed a Bullish Engulf suggesting the buyers are still interested. Continue to hold while moving your stop up to protect profits and watching for candlestick sell signals for profit taking targets.
Possible entry plan idea: Above $29.92
Possible stop plan idea: A close below 29.64
More on how to trade CSCO in the Live Trading Room 9:10 AM Eastern Trading Room.
Good Morning,
SPY: The T-Line acted as support for the seventh time in the last 19 trading days in the SPY. The current trend is obviously bullish andmoving closer to our target area of $213.00. The NASDAQ composite index closed over 5000 and DIA hit a new high of $182.68. IWM closed at $123.47. For the past 19 days, this market has been firing on all cylinders. If the candlesticks, trend and support are bullish, be bullish and obviously just the opposite for a bearish trend. If it walks like a duck, quacks like a duck, it’s probably a duck.
Industry Indexes with Notable Bullish Candlestick Signals and Chart Patterns
Software application, packaging and containers, medical instruments, insurance brokers, scientific and technical instruments, broadcasting radio, contract manufacturers, leisure, specialty chemicals, diversified industrials.
USO & ERX are trying to find stable ground in a bottoming construction area. Will they find it? This could be important as to whether the market stays bullish or starts to turn bearish.
COPX has risen above the downtrend line and the 20-simple moving average is starting to cross above the 50-simple moving average. COPX is also in our bullish rounded bottom breakout patterns.
IWM: IWM printed a Bullish Engulf once again off of the T-Line support area. The current trend is bullish; the current candlestick pattern is bullish. Continue to stay bullish.
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.
| Symbols formembers only | % | Date | Long/Short | Try our Membership, Check out the Trading Room |
| 3.2.15 | Long | Wait for PBO signal | ||
| 2.26.15 | Long | Wait for PBO signal | ||
| 2.25.15 | Long | Wait for PBO signal | ||
| 2.24.25 | Long | Wait for PBO signal | ||
| 2.23.15 | Long | BOPT | ||
| 2.23.15 | Long | Wait for Buy Signal | ||
| 2.19.15 | Long | BOPT | ||
| 2.18.15 | Long | BOPT | ||
| 2.17.15 | Long | BOPT | ||
| 2.13.15 | Long | Wait for Buy Signal | ||
| 2.12.15 | Long | BOPT on trading above 50sma | ||
| 2.9.15 | Long | BOPT | ||
| 2.4.15 | Long | Wait for Buy Signal | ||
| 2.3.15 | Long | Wait for Buy Signal | ||
| 1.22.15 | Long | BOPT | ||
| 1.20.15 | 1.28 Long | Wait for Buy Signal | ||
| 1.12.15 | Long | Wait | ||
| 1.7.15 | Long | BOPT over 20sma | ||
| 2.3.15 | Long | BOPT | ||
| 12.22.14 | Long | Raise stop | ||
| 10-30-14 | Long | Doji-BOPT | ||
| 7-8-14 | Long | Building support |
VXX S&P 500 VIX Short Term Futures: A close below the T-Line ™ implies the bearish 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.
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.
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