Today’s Swing Trade Ideas

ATEN/Long (Technology) ATEN is no stranger to our trading room, a few weeks ago many from the room profited from this chart.  On January 15 ATEN posted a low followed by an inside day (bullish Harami), followed by a high then a higher low.  Friday printed and 8.27% candle and the chart appears to be on its way to a J-Hook breakout.  I will be watching for 20% move or about the $6.50 area as the first target then price may climb through the window.

Possible entry plan idea:  Inside day Below 5.37 or on a slight breakout

Possible stop plan idea:   A close below The T-Line
Good Morning, 

SPY:  After a solid close above the 50-period moving average last Thursday, an inside day (Harami) was printed Friday still closing above the 50-day simple moving average and the T-Line.  The important $206.43 level has not been breached by the Bulls as of yet, but then again, the upper downtrend line that we’ve tried to get over so hard was not violated Friday by the sellers.  The basic symmetrical wedge is still the chart pattern to watch through the market maze.  There is no doubt that Greece will cause a little volatility, which is good for trading.

IWM:  IWM successfully had a bullish close over the big three Thursday and a Doji that also closed over the big three on Friday.  The upper downtrend line has been breached by the Bulls.  I don’t think at this point I will worry too much about minor consolidation.  As of Friday’s close, the overall chart pattern is leading to the bullish side.  There is a possibility that’s negated today, but until we see the candlestick and the violation, I will trade based on what I see rather than my emotions.

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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 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 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.