Today’s Swing Trade Ideas
MCEP/Long (Energy sector) MCEP is a Hit-And-Run Candlesticks Rounded Bottom Breakout pattern that has now pulled back to a key buying level with Friday printing a bullish piercing candle.
More on how to trade MCEP in the trading room today at 9:10 am EDT
Possible entry plan idea: The buy box is from $6.20 to $6.42
Possible stop plan idea: A close below the T-Line or $6.20
Trading room membership has its privileges: HNR up 20.91%, OPK up 16.21%, NES up 22.93%, JNUG up 12.73%
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Good Morning,
SPY: The SPY closed at new highs cracking through a three-month challenge. Price closing over the T-Line suggests that the buyers or Bulls are in charge. The T-Line and the big three are also in a position that suggests that the buyers are leading the moving-average trend with the T-Lineabove the 20 SMA and the 20 above the 34 EMA and the 34 EMA above the 50 simple.
IWM: Last week the buyers did fairly well with IWM; although a close over $124.28 would tell a bullish story. IWM did produce a successful lower high/higher low/higher high chart pattern. Unfortunately, it is still plagued by being a possible blue-ice failure.
IYT: The ETF IYT Dow Jones Transportation Average index is also still fighting the current blue-ice failure.
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
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.
| Symbols formembers only | Date | Long/Short | Try our Membership, Check out the Trading Room | |
| 5.13.15 | Long | BOPT above T-line | ||
| 5.6.15 | Long | BOPT above T-line | ||
| 5.5.15 | Long | BOPT above T-line | ||
| 5.4.15 | Long | BOPT above T-line | ||
| 4.30.15 | Long | BOPT | ||
| 4.28.15 | Long | On watchlist | ||
| 4.23.15 | Long | Watch for the PBO | ||
| 4.22.15 | Long | Manage trade | ||
| 4.14.15 | Long | Watch for pbo | ||
| 4.13.15 | Long | BOPT above T-line | ||
| 4.10.15 | Long | BOPT above T-line | ||
| 4.1.15 | Long | Watch for the PBO | ||
| 3.30.15 | Long | T-Line run | ||
| 3.24.15 | Long | BOPT | ||
| 3.6.15 | Long | Manage your trade | ||
| 2.13.15 | Long | Close on weakness | ||
| 1.22.15 | Long | BOPT above T-line | ||
| 12.22.14 | Long | BOPT above T-line | ||
| 7-8-14 | Long | BOPT above T-line |
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 close below the T-Line ™ implies the bearish 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. At some point TBT in a bullish stance will put pressure on the bullish market.
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.
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