Today’s Swing Trade Ideas

UVXY/Long (Ultra Vix Short Term Futures ETF) UVXY was first posted on our members watch-list on January 16 as a chart to watch and trade accordingly to the market, it started hinting a PBO buy on January 23 and has had a 34% run.  The continuation pattern of the last three days last week and the close over the 200 day simple moving average suggest there is still bullish interest.

Possible entry plan idea:  Buy on a buy-signal
Possible stop plan idea:    Close at your target or a sell signal
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Friday we closed LOCO for +12.35% and TASR for +2.46%

Good Morning, 

SPY:  Most of December and all of January has been controlled by the sellers with continued lower highs, but so far the buyers have been able to keep price above the Decemberlows of $197.86.  The moving averages (T-Line, 20-period MA and 34-period EMA) are in a bearish trend to the 50-period moving average.  One has to wonder how long $197.86 can hold.  Friday’s nor last week’s candles have given any clue that the buyers are strengthening.  We are still able to find bullish charts that perform well throughout the day and, of course, bearish charts to short.  The inverse ETF’s have worked quite well in this market for the past few weeks. UVXY and SQQQ have been on our members’ trade list from January 14 and 16th.  Another favorite is TZA.

IWM:   The 200-period moving average remains the supporting area for IWM.  The sellers have managed to close it back below the big three, and the 20-period moving average has now broken through the 50-period moving average.  Friday’s closing candle is definitely in favor of the sellers and without bullishness, the 200- period moving average may be the target again.

VT:  The ETF VT chart is an excellent chart to watch for the global view. The blue ice failure is flashing caution on how we handle our long charts and the need for a few shorts or inverse ETF’s.

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 above the T-Line ™ implies the bullish 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 below the  T-Line ™ implies the bearish 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 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.