Today’s Swing Trade Ideas

ARWR/Long (Healthcare)   The past week a ARWR has started to show signs of possibly revisiting the $9.30 area or near the 200 – simple moving average.  In the last five days or trading you can see a low high higher low and yesterday’s Bullish Engulf, engulfed seven candles plus the big three on good volume

More on how to trade ARWR in the trading room today at 9:10 AM EST.
Possible entry plan idea:  The buy box is from $7.00 to $7.57
Possible stop plan idea:  A weak candlesticks signal or below 7.00

Good Morning, 

SPY:  SPY, QQQ, DIA, IYT, SMH:  They all have another failed high in common.  Price is below the T-Line suggesting thesellers have short-term swing control.  T-Line is below the big 3, 5 out of the 6.   All 6 have offered minor relief rallies.  The SPY closed near the 50% retracement of the January lows and March highs.  If Humpty Dumpty falls off this wall, $201.50 and $198.50 are possible destinations.  By now, we should have all cut back on our longs by taking profits or small losses, added a short or two or possibly an inverse ETF.  Remember the 80/20 rule:  If 80% of the market is pulling back, so is 80% of the stocks.

IWM:  IWM remains the leader with only one failed high and still closing above the big 3and the T-Line.

TLT: May be poised to test the $138.00 area.

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. Remember to check for earnings!

Symbols from TC2000
Member 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.

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, USO  A above the T-Line ™  implies the bullish short-term swing traders are in control.

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

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.