Swing Trade Ideas May 7, 2015

Today's Swing Trade Ideas

BABA/Long (Specialty Retail)  BABA looks to be gapping up this morning on earnings, and a close above the 50 SMA will give us a Rounded Bottom Breakout.  In the next couple of weeks, we could see BABA in the $95 area.

More on how to trade BABA in the trading room today at 9:10 am EDT
Possible entry plan idea:  The buy box is from $83.50 to $87.60
Possible stop plan idea:  A close below the 50-sma
After our morning call of UVXY in the trading room, there were several members that enjoyed the rain of money.  Both TVIX and UVXY are currently pinball setups.
TBT is approaching the 200-simple moving average, so watch for some consolidation or a pullback.

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Good Morning, 
SPY:  The buyers did manage to bring the SPY up from its lows yesterday before the close, and we are approaching an oversold condition, but I do think it's a little early.  The sellers controlled yesterday's price, and keeping the close below the big three and the T-Line still gives the sellers the upper hand.
IWM:  IWM has reached oversold according to stochastic settings 12.4.4, but the candlesticks as of yesterday's close did not show a strong bull presence.  A bearish dreaded "h" pattern is still being drawn by the chart artist.

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

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
5.6.15 Long T-Line PBO
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 Close on Weakness
4.14.15 Long No trade
4.13.15 Short Short
4.10.15 Long BOPT
4.1.15 Long Caution/close on weakness
3.30.15 Long Watch for the PBO
3.26.15 Short Short on weakness
3.24.15 Long BOPT
3.19.15 Long BOPT
3.6.15 Long Manage your trade
3.2.15 Long BOPT
2.23.15 Long BOPT
2.17.15 Long BOPT
2.13.15 Long Toppy manage your trade
1.22.15 Long BOPT
1.7.15 Long Caution/close on weakness
12.22.14 Long Close on weakness
7-8-14 Long Starting 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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