Today’s Swing Trade Ideas

ALB/Long   (Basic Materials Specialty Chemicals) ALB dropped below the big three in mid-July made lower lows and lower highs.  Then on November 4th and 5th a Doji candlestick with a gap and a bullish close over the 50 day simple moving average and the big three.  The chart begin to consolidate pulling back below the 50 day simple moving average.  The last four candlesticks are showing a bullish cradle pattern and the two day chart is showing a bullish Harami.

My entry plan idea: Buy on an inside day
My stop plan idea:  A close below $59.17

• Yesterday’s featured trade idea (SUPN) up 6.3%. At the close.
• FYI Tuesday nights coaching has been posted to the members area
• Mark your calendars for December 13, 2014 ay 11:00 AM Eastern for an online clinic with the Rounded Bottom Breakout Pattern as the topic. This will be a paid event, details to follow.

Good Morning,

SPY:  The SPY grinds higher with a Bullish Engulf formed on Tuesday and bullish follow-through on Wednesday, and price continues to ride the T-Line into the beyond.  Outside of a few blips and dips, the Continue Reading

Today’s Swing Trade Ideas

SUPN/Long   (Healthcare Drug Manufacturer) SUPN has been controlled by the sellers for the past 3 to 4 months being held under the big three.  Recently  the buyers have taken charge running price from below the big 3 to above the big three.  Rolling up to the 200 period moving average and consolidating with the morning star signal supported with the T-Line SUPN is our featured trade idea today.

My entry plan idea: Buy on positive trading above the T-Line

My stop plan idea:  $8.66

• Over half the traders in the trading room went to the bank with 20-50% on DGLY yesterday.
• Below is the revised PCF for the TC2000 scan that we talked about last night in the Member E-Coaching .
• (((C – C20) / C20) > .12) and (C <= H3 or C <= H4) and C20 <= AVGC50.20 and C > AVGC50
• I have already put together several variations and will get them posted to the website soon.

Good Morning,

SPY:  The Bulls managed to pull the SPY back over the T-Line, but it is still in a foggy trading box.  Overall the Bulls are still controlling the SPY, S&P 500 and the rest of the market for the most part.  In the Continue Reading

Today’s Swing Trade Ideas

RATE/Long   (Internet Content & Information)Became A Rounded Bottom Breakout on November 10, consolidated for 14 days and yesterday closed with a Bullish Engulf over the T-Line, with a double bottom

My entry plan idea: But yesterday at $11.97) plan to add more on positive trading above $11.65
My stop plan idea:  $11.48

• Yesterdays featured trade idea (TZA) produced just under 4% for many.
• Members e-learning tonight 8 PM Eastern in the live trading room

Good Morning,

SPY:  For the first time in 29 days, the SPY closed below the T-Line, and after gapping down came dangerously close to a bearish island reversal.  The bulls will need to do a little work to pull themselves back Continue Reading

Today’s Swing Trade Ideas

TZA/Long   (Inverse ETF)TZA may be set up for short-term play to about $14.25, possibly higher but will have to evaluate each and every day

My entry plan idea: Would like to buy less than $13.50
My stop plan idea:   On a close below the T-Line

Good Morning,

SPY:  Last week’s candle pattern in the SPY is looking a little toppy, mostly to light volume in the market.  The question is:  How much will it carry over into this week?  And between retail sales, falling oil, a Continue Reading

Today’s Swing Trade Ideas

No Featured Trade Ideas Today   I have post 11 stocks in the members area that are poised to move 10 to 15% in the next several days.

My entry plan idea:
My stop plan idea:

Sunday password change:  Please note that Sunday the password will change to the live trading room for December.

Good Morning,

SPY:  I don’t expect too much excitement in the market today with the light volume trading while most traders and investors are enjoying a long weekend.  I will be Continue Reading

Today’s Swing Trade Ideas

Giving Thanks/Long  (Happy Thanksgiving)  

My entry plan idea:  Small tester bites of a pie

My stop plan idea:    Don’t stop till it’s gone!

My family wishes your family a Happy and Safe Thanksgiving

Good Morning,

SPY:  Not too many surprises this week, the market is pretty much flat as been expected with the Bulls still in charge.  There’s going to be quite a lot of economic news today

which gives even more reasons to spend more time in the kitchen with stuffing, turkeys, ham pies and cookies.

 IWM:  A Low volume holiday week makes for a good day to clean your desk drawer out. Bulls are still in control

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.

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.

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  A close below the  T-Line ™  implies the bearish short-term swing traders are in control.

TLT: A close above the  T-Line ™ implies the bullish short-term swing traders are in control.

UUP US Dollar Index: A close above the  T-Line ™  implies the bullish short-term swing traders are in control. Could see some weakness soone

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.

Today’s Swing Trade Ideas

BCOV/Long  (Technology Sector)  BCOV is a active featured trade idea.  A rounded bottom breakout that has pulled back to test the 34 EMA, formed a Doji low four days ago followed by a higher low and a Bullish Engulf yesterday.  Notice how all the buyers have started buying around the $6.30 area.

My entry plan idea:  Below the T-Line and above the 34 EMA
My stop plan idea:     $6.24

Good Morning,
SPY:  Doji inside day yesterday. A Single candlestick that indicates indecision. A single candlestick signal that indicates warning. Most meaningful when it is displayed as Continue Reading

Today’s Swing Trade Ideas

AREX/Long  (Energy Sector)  AREX close Friday in our Rounded Bottom Breakout Pattern along with a J-Hook pattern setting up.  Over the past couple of weeks price is formed what appears to be a bottom with a rally from the lows to the 50 day simple moving average pulling back to the 20 day simple moving average closing over the 50 simple moving average Friday.  We’ll start with a 15% target and see what happens.

My entry plan idea:  Below $13.25 And above $11.50
My stop plan idea:    A close below the T-Line for now

Good Morning,

SPY:  Our T-Line trend line continues to stay bullish as price climbs higher.  Friday’s high came right to our trend line, then ended up closing down for the day.  Friday’s Continue Reading

Today’s Swing Trade Ideas

TZA/Long  (Small-Cap Bear 3X ETF)  TZA is back on the featured list because it’s off its lows closing above the t-line and a swing low buy signal along with a candlestick continuation pattern.

My entry plan idea:  Above the t-line, careful not to Chase
My stop plan idea:    A close below the T-Line for now

Good Morning,

SPY:  We’ve sure seen a lot of Doji closes in the spy over the past couple of weeks so yesterday’s Doji close should not have been a surprise and the buyers have continued to keep price leading the t-line in Continue Reading

Today’s Swing Trade Ideas

LRAD/Long  (Technology Sector)  LRAD is forming a bullish W pattern that has now come back over the big three with a 13.88% move yesterday after a PBO double bottom pattern with about a 20% profit target or more depending on your entry and exit.

My entry plan idea:  Below $3.20 inside day

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

MITK, URZ, SNSS, KING, SPEX, BDBD, EXK are all double digit gainers from our MEMBERS’ trade Ideas over the last 12 days ranging from 10 – 44%. Looking for a friendly “Cheers” like trading room?

Good Morning,

SPY:  The flagship of stock trading which is price continues to sail into bullish waters. The SPY has been consolidating over the last few days and the bullish decision of yesterday is forming a Continue Reading