Today’s Swing Trade Ideas

SYK/Long (Medical Devices) SYK There is evidence of support near the $91 area and about four days ago broke out of the downtrend line of the descending triangle. SYK attempted to test the $100 area on December 23.  The chart is showing signs of heading that direction again.

How to trade SYK- Entry, Stop & Profit, Candlesticks signals and patterns in the Live Trading Room  9:10 AM Eastern Trading Room.

Become a member Today

Good Morning, 

SPY:  Eleven days ago, price was treading water underneath the big three and the T-Line wanting to be bullish.  As of the closeyesterday, the Bulls are now ten days above the T-Line and trending above the big three with the 20-period moving average now crossing above the 50-period moving average.  The bullish T-Line run demonstrates how the Bulls are in charge and continuing to lead price into higher territory.  The S&P 500 not only broke but closed above 2100 yesterday.  The strength of the buyers will continue to be present until we see weak candlestick signals or even selling candlestick signals.  Barring any complete meltdowns, the new target for the SPY is approximately $213.00.  NOTE:  We are likely to see normal consolidation and opportunities along the way.

IWM:  IWM over $122.50, the new bullish target would be $125.40.  IWM broke out yesterday closing above its recent highs.  Although price has pulled quite a bit away from the T-Line, a consolidation or a minor pullback is highly likely.  The Bulls continue to show their strength and the ability to keep the bears at bay.  Continue to follow the bullish T-Line trend and keep your eyes on the candlesticks for attitude changes.

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.

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.

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

TBT: A close above the  T-Line ™ implies the bullish short-term swing traders are in control. This should change today, watch for a close over the T-Line.

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.