Today’s Swing Trade Ideas

TGTX / Long (Healthcare)   TGTX has formed a support line near the $15.40 area. After a big snap to the upside, we are seeing profit taking near the 20-day simple moving average.  Yesterday formed a morning star-type reversal signal.  On a breakout of the recent high, we would have a J-Hook continuation pattern with a 30%-plus profit target.

My entry plan idea:  Positive trading above yesterday’s close or an inside day
My stop plan idea:    A close below the T-Line for now

Featured Trade Idea — CUR up 20% in 2 days
Featured Trade Idea (yesterday) up 5.86%
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Attention members:  Inside the members’ blog post today you will find six leading sectors listed.

Good Morning, 

SPY:  The bearish “M” continues to wane on the SPY.  The T-Line trend is now close below the big three (20 SMA, 34 EMA, 50 SMA).  On the bright side, the recent low did not violate the December 16 low creating a low high and higher low thus far.  Yesterday, the SPY managed to put together a bullish Harami by closing in the upper half of the previous day’s candle.  The morning futures are looking a bit bullish and the likelihood of price taking on the big three is looking extremely good today.  A couple of days ago we talked about a possible bounce relief rally that should make it to the $205.25 area and then we could re-evaluate price action and the candlestick structure.

IWM:   Yesterday, IWM found support on the 200-period moving average while also finding its low above the December 16 low creating a low high, higher low chart pattern.  IWM posted a bullish Harami closing about midway of the previous day’s candle but still under the 50-day simple moving average.  We are looking at a possible price target today of $118.75

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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.

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.

Leading Sectors

VXX S&P 500 VIX Short Term Futures:  A close above the T-Line ™ implies the bullish 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. Possible short term bottom building

TBT: A close below the  T-Line ™ implies the bearish short-term swing traders are in control.  Possible bottom forming, short term.

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.