Swing Trade Ideas January 30, 2015

Today's Swing Trade Ideas

FLEX/Long (Technology) FLEX has found support on the 200-period moving average twice this month creating a double bottom.  The bull kicker yesterday gapped over the big three and closed near the recent high.  Over $12, FLEX  could work its way to $20.

Possible entry plan idea:  Above the 50-day simple moving average
Possible stop plan idea:    A close below the 50-day simple moving average

Covered YHOO short yesterday +12.17%
Up 17% on LOCO, plan to protect profits

Good Morning, 
SPY:  The SPY dropped to previous lows and then began to bounce and work its way up closing with a bullish Harami back inside the trading wedge we havedrawn on our charts.  Price remains below the big three, and the 20-period moving average remains below the 50-period moving average on the daily chart.  FYI - the SPY's close yesterday was below the two-hour 200-period moving average and was flirting with the four-hour 200-period moving average.

Many of us at H&R and in the trading room have been trading some of the oil charts and the little relief rallies has offered 20% - 30% or more.  Yesterday USO, OIH and XOP printed hammer-like candles which might be a clue to a possible relief rally bounce.

IWM:   Wednesday’s bearish engulf closing below the big three was not a very healthy sign for IWM; then poof --  what do you know?  Janet spoke a few dovish words yesterday opposed to her hawkish words on Wednesday, and just like magic, the buyers are happy and IWM as well as the rest of the market closed with a Bullish Harami back over the big three.

The overall market and all the indices have made no real decision on their direction up or down.  They are currently just walking sideways, and I do not feel sideways is the best of tradable directions.  Trade cautiously.

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 1.28 Long Buy on positive trading
1.16.15 Long Buy on positive trading
1.14.15 Long Buy on positive trading
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 Close
12.26.14 Long Buy over 20sma
12.22.14 Long Buy on positive trading
12.19.14 Long Buy on positive trading above 20sma
12.10.14 Long Buy on positive trading above 50sma
12-2-14 Long Buy on positive trading
11-7-14 Long Close on weakness
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 above the T-Line ™ implies the bullish short-term swing traders are in control.

Energy Sector: XLE, SX90, ERX, USO  A close below the  T-Line ™  implies the bearish 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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