Today’s Swing Trade Ideas

LOCO/Long (Restaurants)  LOCO has been a featured trade idea in the past and it is again today.  The chart continues to perform in a bullish manner.  A rounded bottom breakout has led LOCO to a bullish continuation pattern we call a J-Hook.

More on how to trade LOCO in the trading room today at 9:10 AM EST
Possible entry plan idea:  The buy box is from $27.41 to $28.92
Possible stop plan idea:  A close below $27.41 or the T-Line
Updates:
Friday “Open Mic”  was a huge success.  Looking for volunteers for this coming Friday.
Mark S. Open Mic 12:00 EDT
Profit Scanner Users & Trial Users
Monday, April 20, 2015 Meet-up at 11:00 AM EDT
Access Information:
Room URL: http://hitandruncandlesticks.omnovia.com/room2
Password: coach
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Basic setup Wednesday April 22, 2015 11:am EDT

Good Morning, 

SPY:  The SPY recouped its losses yesterday but is still closing within a range.  FYI, the range is getting smaller.  Overall, the buyers have managed to keep the trend workingin their favor while the sellers continue to try and change their success.  I’ve heard from many traders that this is a crazy market.  I agree, but the reason it’s crazy is because it’s moving sideways and sideways means chop, and chop usually gets the best of most traders.  We’ve seen some great numbers come out of our trading room, so let’s keep doing what we’re doing.  Trade good quality charts with patterns and strategies that we understand.

IWM:  IWM is back over the T-Line.  This is a good start to fix Friday’s bearish gap. With resistance in the mid-$126 area, the buyers need to keep up the good work from yesterday.

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 below the  T-Line ™  implies the bearish 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.