Today’s Swing Trade Ideas

ASNA/Long (Apparel Stores)  The bullish belthold four trading days ago, closed over the T-Line and the 200 day simple moving average.  There was a little consolidation the day after and a Bullish Engulf Friday suggesting that the buyers are still hanging around.

Possible entry plan idea:  Above $13.31For the low end of the buy box and over 13.50 would be the buy box breakout.
Possible stop plan idea:  End of the day close below $13.31

Learn to trade 10%-30% swings with the RBB strategy

More on how to trade ASNA in the Live Trading Room  9:10 AM Eastern Trading Room.

Good Morning, 

SPY:  The sellers took control of the swing trade on March 4th by closing below the T-Line on the SPY. The sellers have managed to take Friday’s close to $207.50, not far from the 50-day simple moving average.  The overall market or bigger picture remains bullish.  When looking for a reversal to the bullish direction, watch the candlestick signals for bullish engulfs, bullish haramis, piercing candles, beltholds and bull kickers.  Combinations like the left/right combo, and of course patterns that require several candlesticks, such as rounded bottoms, fry pan bottoms, lower high, higher low, higher high setups.  And, of course, a close back over the T-Line to $208.48 is the number for the Bulls to capture and hold today.

IWM:  The sellers took control of the swing trading with the T-Line Friday and the price closing below the 20-day simple moving average.  All this suggests that the chop mentioned the other day is here.  By closing below the 20-day period moving average, the next logical target below is the 50-day simple moving average.  Of course, we must have continued selling pressure.  At some point, the buyers are going to try to lift up this pullback.  For today, the number they will need is $121.

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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.

Symbols from TC2000
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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 below 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.