Today’s Swing Trade Ideas

TTI/Long (Energy Sector)  After a bullish gap on February 27 TTI pulled back to retest the gap crossing back up over the big three making it a rounded bottom breakout.  Following the T-Line up to the 100 SMA and has now consolidated with a left right combo.

More on how to trade TTI in the trading room today at 9:10 AM EST.
Possible entry plan idea:  The buy box is from $5.75 to $6.24
Possible stop plan idea:  A weak candlesticks signal or below 5.75

Good Morning, 

SPY:  Lower highs and lower lows is something that the bears sit around and talk about, and the SPY has done just that starting late February early March.  Yesterday’s close set an another lower high, also closing below the big three.  Continued weakness in the SPY could test the March lows, and without a bullish reversal signal, we could see a new low established.  Last night during e-learning, we saw the ES pullback significantly, but I see this morning it’s back up.  Only the end of the day will tell how we close.  The bulls needs to capture the $208.60 flag to stay in the ballgame; unfortunately, it looks like they’re going after the $205.70 flag.

IWM:  IWM still maintains its leadership closing yesterday with an inside day Doji above the T-Line and the big three.  A close over $125 would keep the bulls and buyers in a good place; a close below the T-Line and the bear will growl.  Bullish gap closing over the T-Line and the big three but still needing follow-through to clear the recent highs. $123.15-ish is still a very important number for the buyers to defend.  While yesterday’s bullish gap was impressive, the buyers need to have the strength to print a Bullish candle.

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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
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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 below the T-Line ™  implies the bearish short-term swing traders are in control.

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

US Dollar Index: UUP, DXYO A closeabove 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.