Today’s Swing Trade Ideas

VHC/Long (Technology Software Infrastructure) VHC is set up as one of our Pinball strategies with a double bottom and what looks like a reverse cup and handle. The Pinball setup was actually three days ago, but yesterday the buyers painted a Bullish Engulf closing over the 20 SMA and the T-Line. Based on Pinball rules, we look at the 34 EMA as the target direction and with 39% possible, how can we pass up this trade. Last Tuesday night, the members’ e-learning was dedicated to the Pinball setup. You can find the video in the members’ area under “archived videos.”

My entry plan idea:   An inside day, buy below yesterday’s high and above yesterday’s low.
My stop plan idea:   A close below the T-Line

Yesterday in the trading room we exercised our right to be profit traders:

Closed SHLD for 28.97%,
Closed ESI for 39.74%,
SVXY currently up 10.28% on the profit trader list,
SCOK currently up 8.25% on the profit trader list.
It helps to have over 100 friends in a trading room to talk and trade with. So why not make Hit & Run Candlesticks your “Cheers” Trading Room?

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Today’s Swing Trade Ideas

ANAC/Long (Healthcare Biotechnology) ANAC is poised to break out of $27.28. The bullish trend has allowed a pull back to the 50-day moving average forming a very nice little rounded bottom J-Hook chart pattern. The $29.50 area could be the next target.

My entry plan idea:   Buy on positive trading above the T-Line and 20 SMA or a breakout
My stop plan idea:   A close below $24.14

Good Morning,

SPY: Friday’s Doji close below the T-Line implies the sellers are still in control of the T-Line trend…

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Today’s Swing Trade Ideas

ACHN/Long- (Healthcare Biotechnology) ACHN Has had bullish support for the past 12 days while the overall market had been drowning. In that 12 day stretch I see a series of low – high – higher highs, two sets of them. In the last five days has produced three Doji’s a Bullish Engulf with follow-through that squeezed the big three nice and tight. With 25% to the recent high and about 47% to the $16 area makes ACHN our featured trade idea.

My entry plan idea:   Positive trading over the 50 SMA

My stop plan idea: End of day close below 50 SMA

Our Trading Community where we are Profit Traders

• Closed out 2 day BIDU trade for $2,300

Good Morning,

SPY: First and foremost, I am not at all convinced that this is the big reversal we’re looking for, and always monitor your charts for support and resistance…
For now, I am looking at Wednesday’s low to be a tradable low with a target near the 200-day simple moving average around $190.75. If you were to take just the two candle bodies of Wednesday and Thursday, the market painted a bullish belthold. The bullish belthold reversal pattern has the ability to send us to the 200-day simple moving average with possibly even more, but we need more proof for that.

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Trade Rules to Survive

 IWM: Wednesday IWM painted a double bottom morningstar bullish engulf off of the 50% Fibonacci retracement line with bullish follow-through closing over the T-Line Thursday. That’s a lot of bullish reversal checkmarks. Yesterday in the trading room, the bullish scanner was spinning nearly out of control with bullish charts and patterns showing up everywhere. Please don’t get me wrong. I definitely do not think this correction is completely over; however, I do see a very tradable rally. About $110 will be a very important number for IWM to beat.

• Short-term swing traders should be ecstatic with yesterday’s close over the T-Line.

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

Current Swing Trade Featured Trade Ideas- Gold & Silver Members 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, Yesterday’s candle implies sellers are in control.

USO United States Oil Fund: A close below the T-Line ™ implies the bearish short-term swing traders are in control. The current candle pattern (Doji/Bullish Engulf) implies buyers are in control.

TLT: A close above the T-Line ™ implies the bullish short-term swing traders are in control. Yesterday’s candle implies buyers are still in control, J-Hook breakout getting extended.

The above are just my thoughts to myself just thought I would share with everyone.

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.

Rick