Trade Ideas October 17, 2014

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

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  • 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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 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:

Symbols formembers only Date  Long/Short Try our Membership, Check out the Trading Room
10-14-14 Long Buy on positive trading
10-9-14 Long Caution
10-3-14 Long Buy over T-Line
10-2-14 Long T-Line stop
9-30-14 Long Buy on positive trading/T-line run
9-25-14 Long Buy on positive trading
9-18-14 Long Buy over T-Line
9-5-14 Long Close
8-28-14 Long Buy on positive trading
8-14-14 Long Buy on positive trading/reversal setting up
8-13-14 Long Buy on positive trading
7-8-14 Long AAPL is messing with us

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

Trade Ideas October 16, 2014

Today's Swing Trade Ideas

Trade Management - Today is a day to manage the trades that you're in. The market, over the last few days has not been nice to most traders, looking for another stock to buy is not likely to help anything. The sellers are still in control. Price below the T-Line and lower highs.

My entry plan idea:   Brew a nice cup of coffee

My stop plan idea: Only after 3 cups

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Good Morning,

SPY: Yesterday we talked about the 23.6% Fibonacci line at approximately $186.50 and how important it was for the bulls to defend... Continue Reading

Trade Ideas October 15, 2014

Today's Swing Trade Ideas

TKMR/Long (Healthcare Sector Biotechnology) With the near hammer signal on October 8 followed by for Doji's TKMR looks poised to retest the recent high of October 3 which is about 25% away

My entry plan idea:   (Currently own) will add on positive trading above the T-Line
My stop plan idea: About 22.47

TKMR Featured trade idea on October 9 - has had for indecision Doji's walking the 20 day simple moving average. TKMR looks poised for a bullish move.

Good Morning,
SPY: Measuring from the 2011 highs to the most recent highs, the SPY is about 1/2% from the 23.6% Fibonacci retracement line. This area of about Continue Reading

Trade Ideas October 14, 2014

Today's Swing Trade Ideas

ALNY/Long (Healthcare Sector Biotechnology) ALNY Has printed a bull kicker candlestick chart pattern gapping over the 20 day period moving average and the T-Line. When you're looking at the chart notice the bullish W pattern starting in March. I'm looking for a 30% gain plus to the January 2014 high

My entry plan idea:   I will be watching for a PBO buy and above the 20 day period moving average.

My stop plan idea: A close below the 20 day period moving average

Beware Profit Traders we are entering earnings season

Hit & Run Candlesticks Members: A list of Ebola Related Stocks have been posted in the members area, "Members Resources", "Components For ETF's and Indexes" look all the way to the bottom.

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Trade Ideas October 13, 2014

Today's Swing Trade Ideas

No featured trade idea today,

Trading is not always about looking for the next hot stock, it's also about managing what you have.

My entry plan idea:

My stop plan idea:

Beware Profit Traders we are entering earnings season

This Week's Economic Calendar---> Click Here

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Trade Ideas October 9, 2014

 

Today's Swing Trade Ideas

TKMR/Long (Healthcare Sector Biotechnology) TKMR has been trending nicely from late July this year with little rallies and pullbacks.  It has recently pulled back to the 20-day simple moving average and formed a bullish harami yesterday.  The lower wick is not quite long enough to call a hammer.  A swing from yesterday's close to the recent high is about 25% -- excellent money in its own right and about 30% to a double-top test.  Most everyone in the Hit & Run Candlesticks trading room either owns it now or is considering it.  Thank you to all the members that have been talking about it and posting this ticker in the room.

My entry plan idea:   (Currently own shares at 23.20) Will consider adding more above the 20-day period moving average and on a breakout of the T-Line
My stop plan idea:  A close below 22.35

Beware Profit Traders we are entering earnings season

This Week's Economic Calendar---> Click Here

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Trade Ideas October 8, 2014

 

Today's Swing Trade Ideas

SIMO/Long (Technology Sector Semiconductors) SIMO gapped over the big three yesterday from a doji continuation pattern, also known as a doji sandwich.  I am looking for about 12% on SIMO.

My entry plan idea:   Buy at the open to negotiate a better price

My stop plan idea:  A close below 26.82

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Trade Ideas October 7, 2014

 

 Today's Swing Trade Ideas

TZA/Long (Small Bear ETF)  TZA was a featured trade idea on September 5 of this year.  A cool 26% could have been yours before the bearish harami on October 2.  TZA has now pulled back to the T-Line forming a doji followed by a bullish engulf.  This is what we at Hit & Run Candlesticks call a PBO (pullback opportunity).

My entry plan idea:   Buy above 17.14

My stop plan idea:  A close below the T-Line

Member E-Learning
Tonight's member e-learning will be held live at 5:30 PM Eastern and we will recast the members E-Learning at 8 PM Eastern.  Both will be in the live trading room.   Good Profit Trading - See you in the Room

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Trade Ideas October 6, 2014

 

Today's Swing Trade Ideas

BLOX/Long (Technology/Communication Equipment) BLOX was a featured trade idea on September 25 and remained on our members’ featured list.  Wednesday, Thursday and Friday of last week, BLOX entered the PBO (pullback opportunity) area.  BLOX is poised to breakout of the bullish J-Hook pattern headed for the 200-day moving average.

My entry plan idea:   (All ready long) I will be adding more to my BLOX above 15.28

My stop plan idea:  A close below the T-Line

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Trade Ideas October 3, 2014

Today's Swing Trade Ideas

RALY/Long (Technology Sector Software) RALY Has been in a RBB pattern (rounded bottom breakout) from the gap of August 29, for about a month now it's been walking along the T-Line and looks like it's ready to finish its run to the 200 period moving average which is approximately 12% away. With a successful bullish breakout of the 200 period moving average I see another 20% possible. Remember to consider the direction of the overall market as it can benefit and harm you.

My entry plan idea:   Positive trading above the T-Line

My stop plan idea: A close below the T-Line

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