Swing Trade Ideas April 28, 2015

Today's Swing Trade Ideas

TZA/Long (Small Cap Bear ETF) After an extended downtrend TZA has formed a double bottom accompanied with a Bullish Morning Star Reversal Pattern closing above the T-Line and the 20-simple moving average.  Currently I'm anticipating TZA to become A Rounded Bottom Breakout.  I am personally long from $9.69.

More on how to trade TZA in the trading room today at 9:10 AM EST
Possible entry plan idea:  The buy box is from $p.78 to $10.12 or a breakout
Possible stop plan idea:  A close below $9.78 or the T-Line

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Good Morning, 

SPY:
A double top Doji bearish engulf is not a good combination to have if you are a bull, and that's exactly what happened in the spy.  Although overall the spy and the market seems to be bullish yesterday was not a good day.  The Bulls did manage to defend their position above the T-Line the question is can they do it today.  It would be nice to seethe Bulls close above 211.58 but at this point I think we would take any kind of bullish candle that closes above 210.35.

There are still plenty of bullish charts to be found and traded and plenty of bearish charts based on yesterday's action, join us in the trading room to find out what we're doing.

IWM: 
IWM close below the T-Line putting the bullish T-Line swing traders in a bad position.  The 50-day simple moving average managed to prop IWM up but I suspect today we see at least a low lower than the 50-simple moving average.  The important thing now is to be patient and  watch for bullish reversal signs.

As I stated in comments about the spy, there are plenty of bullish charts that can be traded and certainly bearish ones as well.

TZA:
Late last week I went long TZA because of a few clues in the chart formation, yesterday price action found itself creating a double bottom and then rallied up through the T-Line closing above both the T-Line and the 20 day simple moving average.  At this point I'm now looking for a close above the 50-day simple moving average but I will keep an eye on the overall market and manage my trade accordingly.

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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. Remember to check for earnings!

Symbols from TC2000
*Members 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.

Symbols formembers only % Date  Long/Short Try our Membership, Check out the Trading Room
4.27.15 Long Watch for a pattern set up
4.23.15 Long BOPT/ Earnings amc
4.22.15 Long Watch for the PBO
4.14.15 Long Be a profit trader/protect
4.13.15 Long BOPT in channel
4.10.15 Long BOPT
4.6.15 Long close
4.1.15 Long Close on weakness
3.30.15 Long BOPT
3.26.15 Short Short on weakness
3.25.15 Long Be a profit trader/protect
3.24.15 Long BOPT
3.19.15 Long Close on weakness
3.18.15 Long Close on weakness
3.6.15 Long BOPT
3.2.15 Long Watch for the PBO
2.25.15 Long Close on weakness
2.23.15 Long Close on weakness
2.17.15 Long BOPT
2.13.15 Long Watch for the PBO
2.3.15 Long Walking the 20
1.22.15 Long BOPT
1.7.15 Long BOPT/Manage trade bullish
12.22.14 Long BOPT/close on weakness
7-8-14 Long BOPT

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

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

US Dollar Index: UUP, DXYO A close below the  T-Line ™  implies the bearish 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.

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