Today’s Swing Trade Ideas

TASR/Long (Aerospace and Defense) I could really kick myself for not buying TASR yesterday as it started moving up through the 20-period moving average.  We talked about it in the trading room and several of our members did take advantage of it.  Yesterday’s close produced a bullish morning star signal after a run from late October with a slight profit taking pull back starting in late December.

Possible entry plan idea:  Inside day or breakout of yesterday’s candle
Possible stop plan idea:   Below $29.50

Good Morning, 

SPY:  Yesterday’s close at $202.05 put us back in the symmetrical wedge that we had drawn a week and a half ago.  Any trading within that wedge is simplyboth the Bulls and the Bears walking around in circles with no commitment.  It would appear that the Bulls are desperately trying to establish a bottom at about the $198.70 level.  The Bulls need to close over $204.50.  This would give them a chance to start creating higher lows rather than lower highs.  As it currently stands, the Bears still have the upper hand.  The market continues to offer both Bull and Bear opportunities.  The members of Hit-and-Run Candlesticks point them out in the trading room each and every day.

IWM:    There’s not much change in the IWM, just consolidation yesterday.  The Bulls need to close over $117.70 and defend $114.40.  The double bottom, bullish piercing candle and yesterday’s consolidation are still intact.  The question is: What will the buyers do with it?

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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.

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.