Today’s Swing Trade Ideas
AKAM/Long (Technology) AKAM is trying to break out of consolidation with a Doji continuation pattern and may be trying to reach the $100 area in the near future.
Possible entry plan idea: Above $70.80 and/or breakout of $72.08
Possible stop plan idea: A close below 70.80
More on how to trade AKAM in the Live Trading Room 9:10 AM Eastern (Not Today)
KNDI was a big success with its gap to the 200-simple moving average. On the other hand,
yesterday’s featured trade idea, NTLS, was downgraded and ran to the 50-simple moving average. NTLS should not have been bought or should have stopped out around $5.70 that I posted.
Good Morning,
SPY: Follow-through or trend continuation is very important for the success of a swing trader. With yesterday’s close of $208.58,it was $.12 from the number we needed it to close. The follow-through in the very short-term trend that has been created is currently a bullish bounce at best. The overhead resistance and sellers are still a threat until the buyers can close over the resistance. With the FOMC meetings on Wednesday, the likelihood of this market going anywhere too fast is unlikely, so pack your lunch and settle in. The price action will tell the story and you can visually see the price action in the candlesticks. Keep it simple and follow your charts.
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: IWM still leads the race while closing at $123.33 above the big three moving averages and the T-Line. There’s still a bit of overhead resistance from the recent high of $123.78. Above $121.95, the buyers maintain control; below $121.95, the sellers gain control and the possibility of retesting the recent March lows.
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.
| Symbols formembers only | % | Date | Long/Short | Try our Membership, Check out the Trading Room |
| 3.13.15 | Long | Wait for buyers | ||
| 3.12.15 | Long | BOPT | ||
| 3.11.15 | Long | Waiting for buy signal to add | ||
| 3.9.15 | Long | BOPT T-Line run I closed for profits | ||
| 3.6.15 | Long | BOPT | ||
| 3.2.15 | Long | BOPT above T-Line | ||
| 2.25.15 | Long | BOPT above T-Line | ||
| 2.24.25 | Long | BOPT above T-Line | ||
| 2.23.15 | Long | BOPT above T-Line | ||
| 2.17.15 | Long | BOPT above T-Line | ||
| 2.13.15 | Long | BOPT above T-Line | ||
| 2.12.15 | Long | Waiting for buy signal, double bottom | ||
| 2.4.15 | Long | Waiting for buy signal | ||
| 2.3.15 | Long | BOPT above T-Line | ||
| 1.22.15 | Long | BOPT above T-Line | ||
| 1.7.15 | Long | Waiting for buy signal | ||
| 12.22.14 | Long | Waiting for buy signal | ||
| 7-8-14 | Long | Be ready to buy |
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 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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