Swing Trade Ideas January 27, 2015

Today's Swing Trade Ideas

EXK/Long (Silver) EXK has had a 62% run since late December and about a 30% swing from its last pullback.  EXK printed a bullish piercing candle yesterday, opening below the T-Line and closing above the T-Line.  This is what we call a PBO (pullback opportunity).  EXK is also a set up in one of my favorite chart strategies called the Rounded Bottom Breakout with 20 to 40% possible profit ahead of it.

Possible entry plan idea:  Positive trading over the T-Line
Possible stop plan idea:    Yesterday's low, $2.66

Recent RBB Setups
LAYN 31%
ADHD 80%
AU 26%
EXK 30%  Read more about RBB's

Good Morning, 

SPY:  And at the time that I'm writing this, the morning futures are showing a weaker open compared to the close yesterday.  I would also suspect due to theweather in the Northeast, the volume in today's trading will be a little light just as it was yesterday, and the end result could very well be a lower close today which would be a continued pullback, perhaps to the $203.20 area.  I have adjusted our upper downtrend line to accommodate the last three trading day highs which puts them all back inside the wedge, and I suspect today's close will also be in the wedge.  What this means is price action continues to move sideways with no real bullish or bearish direction.

IWM:  Although IWM had a great closing candle yesterday working on the continuation pattern that it's been building, today's weather drag might dampen the bullishness.  If $118.63 can't support price, then it's very possible we end up today somewhere around $117.85.

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
1.26.15 Buy on positive trading
1.22.15 Long Buy on positive trading
1.21.15 Long Buy on positive trading
1.20.15 Long Buy on positive trading
1.16.15 Long Keep on list for now
1.14.15 Long Keep on list for now
1.13.15 Long Buy on positive trading
1.12.15 Long Buy on positive trading
1.7.15 Long Buy on positive trading
1.6.15 Long Buy on positive trading
1.5.15 Long Buy on positive trading above 20sma
12.26.14 Long Buy over 20sma
12.22.14 Long Buy on positive trading
12.19.14 Long Buy on positive trading
12.10.14 Long Buy on positive trading above 50sma
12-2-14 Long Buy on positive trading
11-7-14 Long Buy on positive trading
10-30-14 Long Buy over 50sma
7-8-14 Long Buy on positive trading

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.

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