Trade Ideas November 10, 2014

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Today’s Swing Trade Ideas

REXX/Long  (Energy Sector Oil and Gas)  With a close over the T-Line REXX will confirm our pinball setup strategy, prices found that the T-Line can be a strong resistance line and keep price pushed down, Friday price took control and closed over the T-Line following a double hammer bottom.  With about 20% to the pinball target.  Remember to keep your stops in place and trade with your rules.

My entry plan idea:  Below $8.27 and above $7.38
My stop plan idea:    A close below the T-Line

Good Morning,

SPY:   The spy continues its bullish journey and has had only PBO profit taking signals… Continue Reading

Morning Star Candlestick Pattern

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If you’ve ever wished upon a star, I hope that that star was a Morning Star candlestick pattern. Unlike the Evening Star, an omen that hints at bad things to come (i.e., low stock prices), the Morning Star is a sign of good fortune. If you spot this bullish reversal signal, which is composed of three candles, you can expect stock prices to increase. Although the bears have been in control, the bulls are ready and able to take over. To learn how to spot the Morning Star signal, how to decipher its characteristics, and how to interpret its meaning, just scroll down.
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