Today’s Swing Trade Ideas

EXK/Long (Basic Materials Silver)  EXK had four days of consolidation after a Rounded Bottom Breakout (RBB) pattern.  Friday printed a bull kicker-type signal and the combined overall pattern has the possibility of a 30% plus return.

Possible entry plan idea:  Positive trading over $2.73
Possible stop plan idea:   Below $2.49

Good Morning, 

SPY:  Friday’s bullish piercing candle, two cents from a Bullish Engulf and what appears to be no bad news over the long weekendputs the Bulls in a good position to reach out for the 50-day period moving average over the next few days. If the Bulls can put together a close over the 50-day period moving average in the next few days, that would put price above the downtrend line that connects the lower highs. Of course, closing over the 50-period moving average may be a bit of a chore with the resistance overhead.  The Bulls need to put together a string of higher lows and higher highs to maintain a bullish course.

IWM:    A bullish piercing candle, the double bottom and the 200-period moving average was the picture on Friday’s close.  A close over $117.40 would put the Bulls in a good position over the 50-period moving average to take on the recent high of $119.39.  Of course, this is based on the Bulls following through with Friday’s bullish piercing candle.  Failure would only lead to one more lower high and possibly strengthening the position of the sellers.

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.  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.