Today’s Swing Trade Ideas

OIH/Long (Oil Service ETF)   OIH has successfully delivered a double bottom left right combo on the 17th followed by a T-Line run that forced A Rounded Bottom Breakout (RBB) pattern.  Currently we have a little to bar pullback with Bob bullish follow through yesterday.

More on how to trade OIH in the trading room today at 9:10 AM EST.
Possible entry plan idea:  The buy box is from $35.08 to $36.46
Possible stop plan idea:  A weak candlestick signal or below $35.08

Updates –

Tina Logan webinar “East meets West”
Appreciation Clinic for Rounded Bottom Breakout Book holders April 18,
Vancouver meetup coming in July

Good Morning, 

SPY: The SPY has now broken out and closed at our $208.61 price target that we’ve been looking for the last few days with a nice bullish pattern to boot. There are still hurdles, and you can look at your chart and still see lower highs that need to be dealt with starting from early March and then again on March 18.  The candles from the last nine trading days have printed a double bottom and Bullish Engulf’s a rising type method and a bullish flag.

IWM:  Although very unimpressive early in the trading day yesterday, IWM did step up and proved it was on the bullish side of the fence closing above the T-Line again.  It wouldn’t take much for IWM to pick a fight with the March highs.  It just needs to win.  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
** Members 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.

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 above the  T-Line ™ implies the above short-term bullish 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.