Today’s Swing Trade Ideas
GREN/Long (Healthcare biotechnology) Yesterday I posted that GERN can be bought at 4.00 in the live trading room. Many members bought it as I did. The price continued to climb closing up $.19 from our entry. GERN bounced off the 100 SMA on April 30 creating a high at the 20 SMA and pulling back with a double bottom, then a big rally yesterday engulfing many candles and the big three. We call this a hungry candlestick.
Members, for the GERN trading plan (Entry, Stop, Target) login to the members area or join us in the Trading Room for the morning commentary on all of the members trade ideas at 9:10 AM EDT.
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Good Morning,
SPY: Another Doji close for the spy above the T-Line, Bulls still have control. But I think the focus needs to be on the transportation average index. We will be using the ETF IYT. Over the last three weeks I have been talking with our members on the seriousness of the IYT chart and how this bear might be growing. While most other indexes are suggesting bullishness the transportation index is just suggesting bearishness asyou can see from the overall market charts this leaves us in a sideways confused trading pattern. If the transports continue to show weakness especially below 152.03 it could really start to weigh on the market and drag it down. I would suggest great caution in your trading by protecting your profits and cutting your losers as soon as possible. Overall I am still bullish and all 15 members private stock picks are all bullish trades. This may not last.
IWM: IWM closed with another Doji above the 50 SMA and the T-Line this keeps the Bulls in charge and there is no doubt they are trying to figure out how to break through the resistance overhead.
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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 | |
| 5.20.15 | Long | BOPT above T-line | ||
| 5.19.15 | Long | BOPT above T-line | ||
| 5.13.15 | Long | BOPT above T-line | ||
| 5.6.15 | Long | Doji watch for buy signal | ||
| 5.5.15 | Long | BOPT above T-line | ||
| 5.4.15 | Long | Watch for PBO signal | ||
| 4.30.15 | Long | BOPT above T-line | ||
| 4.28.15 | Long | Close/ on watch list | ||
| 4.27.15 | Long | Possible double bottom/caution | ||
| 4.23.15 | Long | Watch for PBO, close on weakness | ||
| 4.22.15 | Long | Raise stop protect profits | ||
| 4.14.15 | Long | Watch for pbo | ||
| 4.13.15 | Long | BOPT above T-line | ||
| 4.10.15 | Long | 50sma needs to hold | ||
| 3.30.15 | Long | Protect profits | ||
| 3.24.15 | Long | BOPT | ||
| 3.6.15 | Long | Raise stop | ||
| 1.22.15 | Long | Close on a weaker close | ||
| 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 above the T-Line ™ implies the above short-term bullish 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 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.
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