Today’s Swing Trade Ideas

HCLP/Long (Basic Materials) HCLP Is a Rounded Bottom Breakout RBB with a lower support trend line forming a bullish PBO double bottom hook.  Monday printed a Bullish Engulf and Tuesday printed follow-through.

More on how to trade HCLP in the trading room today at 9:10 AM EST
Possible entry plan idea:  The buy box is from $36.41 to $38.72
Possible stop plan idea:  A weak candlestick signal or below T-Line

Updates:
Friday “Open Mic”  April 17, 2015 Current Speakers:
Petra
Jim Cooper
Ed Carter

Appreciation Clinic for Rounded Bottom Breakout Book holders April 18,
Yes we still have a few seats available for the Saturday RBB Appreciation clinic

Profit Scanner Users & Trial Users
Thursday April 16th Meet-up at 11:00 PM EDT.
Access Information:
Room URL: http://hitandruncandlesticks.omnovia.com/room2
Password: coach
The difference the right tool makes – 2-Week Free Trial Click Here

Good Morning, 

SPY:  The SPY is currently wedged in between a symmetrical triangle trying to form a bullish J-Hook breakout of the upper triangle resistance line.  Pulling back to the 50-simple moving average yesterday and closing with a bullish bounce has added to the bullish defense of the recent chart pattern.  About $210.60 is the resistance that the buyers are trying to put behind them; anything below the 50- simple moving average would give us concern.

IWM:  IWM printed a long-legged Doji yesterday touching the 20-simple moving average and closing back above the T-Line.  Resistance is still in the $120.05 area while the T-Line and the 20-simple moving average continue to act as support

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 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.