Today’s Swing Trade Ideas

ZU/Long (Specialty Retail)  ZU Is set up for one of our Pinball Plays. ZU has also printed A Bullish Morning Star Signal and your left right combo, (Doji Bullish Engulf).

Possible entry plan idea:  Above the T-Line
Possible stop plan idea:  A close below the T-Line for now

More on how to trade ZU in the Live Trading Room  9:10 AM Eastern

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TASR was pointed out in the trading room Wednesday and was also bought closing it out Thursday for a 9.94% gain.
LOCO, Myself and a few members have been holding Loco and as you can see it’s gapping up today, raise your stops or take your profits but gaps are always gifts.

Good Morning, 

SPY:   Yesterday was a fantastic day for the members of our trading room!  But let’s not get ahead of ourselves too fast.  Let’s be smart about the money we pocketed yesterday.

The SPY formed a very nice bullish morning star signal as did the DIA.  The QQQs formed a bullish piercing candle while IWM gapped and closed over the 20 – simple moving average.  As a reminder, with all reversal candlestick signals, a requirement of confirmation is needed.  The confirmation is not necessarily the next few days, but price must respect the reversal signal by not canceling it out.  The following are numbers that the market must confront, beat and hold in short order; otherwise, we could see a sellers’ pattern develop:
SPY     $208.70
IWM     stay above $121.95
DIA     $180.12
QQQ     $106.31

IWM:  There is always going to be a leader in the race, and there is no doubt that IWM is the leader.  Wednesday, IWM posted a higher low closing over Tuesday’s candle.  Yesterday, price gapped and never looked back closing up 1.66%.  Way to Go IWM!!  Now the important thing will be to hold $121.95.

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. Remember to check for earnings!

Symbols from TC2000
Members 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.

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 below 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.