Swing Trade Ideas February 3, 2015

Today's Swing Trade Ideas

LPI/Long (Energy) LPI closing over the 50-period moving average yesterday made it a Rounded Bottom Breakout. Yesterday, LPI saw confirmation closing over the 50-period moving average after a Doji /Bullish Engulf.  This candlestick pattern suggests buyers are very interested.  Note the void in late November.

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Yesterday’s featured trade idea and members list - (UVXY) produced 10% before turning back down; SN gapped and closed for 12%; SD gapped and closed for 9.9%; OIL, LINE, and CLR closed very well with nice-looking chart setups.

Good Morning,

SPY: Once again the SPY has found support with the December low of $197.86 while closing at $201.92, right at the T-Line.  Yesterday’s close put us back in our originalsymmetrical triangle which suggests the buyers and sellers are back at the table to vote on the future direction.  Out of 11 morning star sectors, real estate was the only one to close red yesterday below its previous day's close, and there was no real surprise that energy was the leader.

IWM: IWM found the 200-period moving average yesterday, bounced and closed up with a hammer candle which suggests the buyers may be trying to hammer out a bottom.  A hammer candle requires confirmation; therefore, today's close is needed for that confirmation.

VT:  The ETF VT chart is an excellent chart to watch for the global view.  VT managed to close positive over the 20-day simple moving average and the T-Line. Unfortunately, it's overhead resistance is a bit tough -- the 50- and 200-period moving average as well as a bearish downtrend line.  A close over the 200-period moving average would suggest globally the Bulls are back in town.

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.

Symbols formembers only % Date  Long/Short Try our Membership, Check out the Trading Room
1.30.15 long Buy on positive trading
1.26.15 long Buy on positive trading
1.22.15 Long Buy on positive trading
1.20.15 1.28 Long Buy on positive trading
1.16.15 Long Keep on watchlist
1.14.15 Long Keep on watchlist
1.12.15 Long Buy on positive trading
1.7.15 Long Buy on positive trading
2.3.15 Long Buy on positive trading after hammer
12.22.14 Long Wait for it
12.19.14 Long Harami
12-2-14 Long Harami
10-30-14 Long Buy over 50sma
7-8-14 Long T-Line run

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.

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