Today’s Swing Trade Ideas

ESI/Long (Education and Training Services)  ESI has printed a bullish morning star signal that closed right at the 50-day simple moving average.  For about 3-1/2 months, it’s been cruising sideways after its October bullish pop.  From yesterday’s candlestick pattern, we are looking for a 20% plus move.

Entry, Stop & Profits for ESI will be discussed at 9:10 Eastern in the Trading Room Click Here to Join

Yesterday’s featured trade idea and members list:  (LPI) produced 16.55% yesterday. We also closed LINE, MCEP and SN for 16.44%, 17.66% and 34.6%.  For almost two weeks we’ve been waiting to pounce on these oils.

If you missed last night’s Member E-Learning you can find it posted in the members area

Good Morning, 

SPY:  The power of bubbling crude.  The energy sector saw a bounce the last couple of days, and you can see it in charts such as USO, XLE, OIH, ERX, and SX90. With oilbouncing, the SPY found the energy to rise and close above the 50-period simple moving average.  The rest of the market also followed and closed in a bullish fashion.  However, the close was still inside our ascending triangle that we have had drawn for the last couple of weeks.  In other words, the SPY did not take out a recent failed high.  I’m not trying to paint a bearish picture; I’m just simply trying to point out the chart.  Monday and Tuesday the Bulls did do a great job and could be on their way to retesting the recent highs, but as we all know, confirmation is a must.  $206.42 is the resistance that the Bulls will need to close over and about $201.93, the Bulls will need to defend with their life.

IWM:   IWM printed a bullish hammer Monday and then followed up Tuesday with a gap bullish close over the 50-day simple moving average.  It is very simple now that the Bulls need to continue their run the next day or two and close over $119.40 and, of course, defend the 50-day simple moving average.

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.