Swing Trade Ideas May 6, 2015

Today's Swing Trade Ideas

UWTI/Long (Oil sector)  UWTI has been in a bullish trend starting from mid-March, and the price has now climbed over the big three and over the 100 SMA while still in a Rounded Bottom Breakout pattern.  If managed correctly, bought and sold that is, I see price running into the $5 area which is about 35%

More on how to trade UWTI in the trading room today at 9:10 am EDT
Possible entry plan idea:  The buy box is from $2.03 to $2.18
Possible stop plan idea:  A close below the T-Line

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Good Morning, 

SPY:  Once again the SPY failed to make a new high on Monday with its bullish gap and instead formed a Shooting Star candle.  Yesterday confirmed that the sellers had control with its own gap down and a long bearish-bodied candle that closed below the big three and the T-Line.The same indicators mentioned in the IWM comments are suggesting a bit more weakness in the SPY as well.

IWM:  IWM has been experiencing the bear as the ruler the past week or so, and of course, we know that Janet and her Fed groupies can change everything as we've seen in the past.  And we do hear from them today.  If you judge the IWM chart without the Feds,  you can see that price has broken down below the big three and is currently trading below the T-Line, and a bearish dreaded "h" pattern has formed with the 200 SMA hoping to catch the falling price.  I took a peek at a few other indicators:  TSV, MS, OBV, STOCH, VZO, and the Cloud, and all of these indicators are looking pretty dismal and suggest more pressure on IWM and its price.  Oh yeah, did I mention Ms. Janet could change everything?

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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. Remember to check for earnings!

Symbols from TC2000

*Members Only
g 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
5.5.15 Long BOPT above T-line
5.4.15 Long Watch for the PBO
4.30.15 Long Watch for the PBO
4.28.15 Long BOPT
4.27.15 Long Watch for the PBO
4.23.15 Long BOPT
4.22.15 Long Watch for the PBO
4.14.15 Long BOPT
4.13.15 Short Short
4.10.15 Long BOPT
4.1.15 Long Caution
3.30.15 Long BOPT Earnings today amc
3.26.15 Short Short on weakness
3.25.15 Long Take  profits!!!!!!!
3.24.15 Long BOPT
3.19.15 Long BOPT
3.6.15 Long Think Profits
3.2.15 Long BOPT
2.23.15 Long BOPT
2.17.15 Long BOPT
2.13.15 Long BOPT
2.3.15 Long BOPT
1.22.15 Long BOPT
1.7.15 Long caution
12.22.14 Long Close on weakness
7-8-14 Long Strarting to look short

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.

TBT: A close above the  T-Line ™ implies the above short-term bullish swing traders are in control. At some point TBT in a bullish stance will put pressure on the bullish market.

US Dollar Index: UUP, DXYO A close below the  T-Line ™  implies the bearish 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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