Swing Trade Ideas February 23, 2015

Today's Swing Trade Ideas

RUBI/Long (Technology ) Longer-term RUBI is forming a cup and handle.  The handle started to reverse and take shape in early February making a high followed by a PBO making a lower high followed by a rally that is currently closing over the T-Line.  Note the bullish Doji sandwich which equates to a bullish continuation pattern.  Possible targets would be about $18.80 and $20.50.

Possible entry plan idea:  Buy box entry between $16.67 and $17.70 for the breakout buyers.
Possible stop plan idea:  16.67

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Good Morning, 

SPY:  Based on the early morning futures, we should see an inside open. Friday the buyers had thecomfort of having the T-Line for their trending support line.  The price pushed lower than the T-Line for just a moment and then popped back above rallying to an impressive close at $211.24.  It is clearly obvious at the close of Friday that the buyers still have control.  Mid-$213 and $215 are still price targets for the SPY, but as in all charts, we know there will be times of minor pullbacks and little hick-ups.  These are times when we have a choice to take our profits and wait for the next set up or ride it out.  Each trader should have their own plan on how to handle the situation; if not, we may be able to help you in the live trading room.  What's your trading plan?

IWM:  I remain bullish based on the current trend and yesterday's candlestick follow-through.  Minor pullbacks are allowed, even welcomed, as they represent opportunities within a trend.  Watch for minor pullbacks and then candlestick reversal signals or patterns that would indicate the bullish trend continues.

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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.

Symbols formembers only % Date  Long/Short Try our Membership, Check out the Trading Room
2.20.15 Long Doji-Buy on positive trading-BOPT
2.19.15 Long Breakout -BOPT
2.18.15 Long T-Line Run PBO Bullish Engulf
2.17.15 Long Careful pullback coming
2.13.15 Long Consolidation watch trend line
2.12.15 Long Morningstar -BOPT
2.10.15 Long Careful pullback coming
2.9.15 Long Careful pullback coming
2.4.15 Long Possible Doji-Sandwich -BOPT
2.3.15 Long Bullish Engulf-Buy on positive trading
1.30.15 long T-Line consolidation protect profits
1.22.15 Long Piercing-Buy on positive trading
1.20.15 1.28 Long Careful pullback coming
1.16.15 Long Keep on watch list
1.14.15 Long Keep on watch list
1.12.15 Long Close for now- wait for PBO
1.7.15 Long Inside day-Buy on positive trading
2.3.15 Long Caution
12.22.14 Long Consolidation watch trend line
APT 10-30-14 Long Caution
AAPL 7-8-14 Long Consolidation needed-protect profits

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 below the  T-Line ™  implies the bearish 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.

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