Today’s Swing Trade Ideas

CUR / Long (Healthcare Biotechnology)  On October 20, 2014, CUR painted a long wick, and for the past three months, CUR has consolidated sideways.  It painted a bullish morning star about two weeks ago and then formed your basic 1-2-3 pattern with another morning star and a Doji sandwich (continuation pattern) in one of our Rounded Bottom Breakout patterns (RBB)

My entry plan idea:  Inside day below yesterday’s high and above yesterday’s low
My stop plan idea:   A close back below 2.75

H & R Members Watch-list January 5, 2015
JNUG + 16.52%
UVXY +14.39%
EXK  +4.80%

Good Morning, 

SPY:   Yesterday’s close below the T-Line suggests the short-term sellers are still in control, and you can see on your chart that the candlestick isalso suggesting sellers are in control with a long dark body and the lack of a buyers’ wick at the bottom.  Yesterday’s price action in the SPY tagged our trading room intraday targets as it fell to its lows and closing at $201.72.  In yesterday’s note, I pointed out the possibility of a bearish “M” pattern forming in the SPY, and yesterday just added fuel to the pattern.  Another candlestick pattern that formed yesterday was the follow-through after a bearish Doji sandwich or bearish continuation pattern.  Be careful not to pick the bottom; allow a candlestick reversal signal and pattern form.

Members e-learning tonight 8 PM Eastern in the live trading room.

IWM:   IWM found support at the 50-period moving average (daily chart) closing up slightly above its low at $117.34.  Sometimes it’s hard to tell whether you have a bullish basing top or a bearish top forming until price decides for you.  If you look at your weekly chart of IWM, you can see a triple top and price below the T-Line and about 2.35% above the 20- and 50-period moving averages which suggest price is still in a bullish consolidation area.  Price below the 20- and 50- period moving average would suggest we have been in a bearish top and the buyers have no interest in and showing support.

The market is still a bit mixed from last week’s trading with bullish and bearish trades, and in our members’ trading list, you will find both bullish trades mixed with a few inverse ETF’s for today’s stock picks.

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 below the  T-Line ™  implies the bearish short-term swing traders are in control.  Bullish finish Friday

TBT: A close below the  T-Line ™ implies the bearish short-term swing traders are in control.  Possible bottom forming, short term.

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.