Today’s Swing Trade Ideas

EYES/Long (Healthcare)   EYES has pulled back to the 50-simple moving average and has now drawn a candlestick bullish morning star reversal pattern.  This pattern could be the clue that a bullish reversal may happen soon.

More on how to trade EYES in the trading room today at 9:10 AM EST.
Possible entry plan idea:  The buy box is from $11.53 to $12.91
Possible stop plan idea:  A weak candlestick signal or below 11.53

Updates –
Tina Logan webinar “East meets West”
Rounded Bottom Breakout clinic (end of April)
Vancouver meetup coming in July

Good Morning, 

SPY: (FOMC Minutes 2: PM EDT Today) and (Jobless Claims 8:30 AM EDT Tomorrow)

Here come the feds; here come the feds.  You know their job is not to control the market, but who thinks they don’t?  Every time the marketstarts to look a little sick, the feds come in, snap their fingers and wave their wands, and, poof, the market is fixed.  I wonder if today will be the same because the market seems to have lost its mojo and the sellers are chipping away at a few of those buyers.  Yesterday, the SPY could not close over $208.61 (good for the sellers, bad for the buyers) and the successful lower highs (good for the sellers, bad for the buyers).  It was the same for the QQQ’s and the DIA’s.  SMH is acting like a bear under the 50-simple moving average trying to form the old dreaded “H” pattern.  Let’s not forget about the transports; just take a peek at the transports ETF, ticker symbol IYT — YIKES!   Not to worry!  We are always able to find great trading charts both long and short in the Hit-And-Run Candlesticks live trading room.  Are you feeling frustrated with this market?  Having trouble with your trades?  Join us and meet the team.

IWM:  What’s happening to our leader?  IWM has been keeping the market a float; yesterday’s closing candle did not represent the Bulls very well.  A close back below the 20-simple moving average could be a clue that IWM is losing ground, and if you look at the chart from the 24th, you can see possibilities for the sellers. So come on Janet, snap your fingers and wave your wand.

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. Remember to check for earnings!

Symbols from TC2000
ATLS
BYD – S
EHTH
EYES
FEYE
HK
MUR
MX
NES
NXTM
PFMT
SNSS
SODA

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 below the T-Line ™ implies the bearish short-term swing traders are in control.

Energy Sector: XLE, SX90, ERX, USO  A above the T-Line ™  implies the bullish short-term swing traders are in control.

TBT: A close below the  T-Line ™ implies the above short-term bearish 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.

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.