Today’s Swing Trade Ideas

NOG/Long (Energy sector )  In the last seven trading days, NOG has printed a double bottom, bullish piercing candle, five days of consolidation and a bullish morning star signal.  Friday’s wick and not being able to close over the recent high could be a deal breaker, so for that reason we are using a breakout signal for entry.

Possible entry plan idea:  Above $9.00
Possible stop plan idea:  A close below The T-Line

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

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Good Morning,

SPY:  It is very important today to keep your eye on what price does in relationship to the T-Line.  The last three candlestick signalsprinted from last week are hinting toward a little topping pattern, combining that with Stochastics in the overbought area and confirming a slight rollover.  Last week I posted numbers that the Bulls needed to achieve, and they failed on all accounts.  Today the Bulls really need to close over $211.10 to stay in the game and over $211.25 we would have a bullish setup

Industry Indexes with Notable Bullish Candlestick Signals and Chart Patterns
Infrastructure Operations, Footwear and Accessories, Luxury Goods, Confectioners, Waste Management, Computer Systems, Coal, Farm Products.
With a close below the T-Line on the SPY and IWM, we will look at notable bearish candlestick signals.
USO & ERX are trying to find stable ground in a bottoming construction area. Will they find it?  This could be important as to whether the market stays bullish or starts to turn bearish.

IWM: Again keep your eyes on the T-Line and monitor how price reacts – a close above the T-Line or a close below the T-Line.  On IWM’s 4-hour chart,  I see a bearish engulf and the possibility of more downside.  $122.95 is the number for IWM to control anything below that puts the T-Line in jeopardy.

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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
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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 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.