Swing Trade Ideas May 23, 2016

May 23, 2016 by Rick Saddler

Rick’s Featured Trade Ideas

ALKS/LONG |RBB| Morning Star | Flag PBO |

ALKS| Plan your trade & trade your plan | May 20, 2016
Possible entry plan idea: Buy box $40.16- $43.79
Possible stop plan idea: Protective below $40.16
Swing trade playground: $40.40- $55.75=38%
Playground risk reward: 9:1 + depending on | entry | exit | stop

SPY: T-Line ™ chart suggest the sellers are in control.
7:00 am: Price is still in the sellers’ channel
just as we expected and just as we posted right here on Friday morning before the market opened. “Bounce and relief rally likely,” and the SPY closed up on Friday .63% at $205.49, still closing below the 50-day simple moving average and still in the sellers’ channel.

The sellers remain in control and will remain in control unless the buyers can control the $207 area, which would put them above the downward channel. From a bullish angle, price has found support above the 23.6 fib line, and if you go back to April 1, the buyers have refused to give that line up. This is the main reason I have been watching and creating a watch list for long trades. Typically speaking, if a pullback can hold above the 23.6 retracement line, that pull back is minor and not chart destructive. On the other hand, if the sellers take control of the 23.6, this will put the 38.2 under scrutiny and that may be playing too close to the edge.

We highly recommend caution and to even consider that cash is a position. Most of all, we believe having a plan is the key to success. Taking the one or two minutes to create a trading plan is worth every penny.

Each day 10 -15 stocks are posted in the members area that I believe are poised to move 10-20% (or more) within the next few days. Please follow your trading rules for entry stops and profits. Remember to check for earnings!
Members only
Keep your eye on the inverse ETF’s They trade well!
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.
To see all of today’s trade ideas Click Here

2-sma > T-Line™ = Minor trend up
T-Line™ > 34-ema = Intermediate trend up
2-sma < T-Line™ = Minor trend down
T-Line™ < 34-ema = Intermediate trend down

*Click Here*	*for members login \| Trade Ideas &*	*House trade list*
	Bullish Above	Weak Below
	12.90	12.30
	14.60	14.40
	43.40	42.55
	94.83	94.23
	118.27	117.70
	92.05	89.55
	217.25	213.95
	698.36	693.93
		13.20

VXX S&P 500 VIX Short Term Futures: A close above the T-Line ™ implies the bullish short-term swing traders are in control. A close below the T-Line ™ implies the bearish short-term swing traders are in control.

Energy Sector: XLE, SX90, ERX, USO A close above the T-Line ™ implies the bullish short-term swing traders are in control. A close below the T-Line ™ implies the bearish short-term swing traders are in control.

SMH: A close above the T-Line ™ implies the above short-term swing traders are in control. A close below the T-Line ™ implies the bearish short-term swing traders are in control.

IYT: A close above the T-Line ™ implies the above short-term bullish swing traders are in control. A close below the T-Line ™ implies the bearish short-term swing traders are in control.

US Dollar Index: UUP, DXYO A close above the T-Line ™ implies the bullish short-term swing traders are in control. A close below the T-Line ™ implies the bearish short-term swing traders are in control. Learn more about the T-Line – Click Here

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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