Today’s Swing Trade Ideas

WERN/Long (Trucking)  WERN printed a Bullish Engulf yesterday supported on the 50-simple moving average closing back above the 20-simple moving average and the T-Line on higher than normal volume.  IYT, the transportation ETF, had a candle-positive day yesterday but still closed under the 50-simple moving average.  Follow-through is needed.

Possible entry plan idea:  Above the $31.25
Possible stop plan idea:  A close below the T-Line end of day

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

Good Morning, 

SPY:  From the close yesterday and on the daily chart, the sellers still have control with yesterday printing anew low and a new close.  Price did close on the 100-simple moving average and in the middle of choppy support.  Again, sellers are still showing their strength and the Bulls have all but disappeared.  Looking at the one hour chart, there are minor, very minor signs of a short-term bottom in construction.  Only today will tell.  Continue to trade cautious or don’t even trade at all today.  The sellers will be trying to keep price under $205.60 while the buyers will be looking for $206.45.

IWM:  From the daily chart view, the Bulls are starting to stir making a higher low and a higher high, filling the gap with a bullish candle.  Both the 1-hour and 2-hour charts along with the 4-hour chart, it is starting to show signs that the Bulls are not completely dead.  It looks as if IWM might be trying to put together enough energy to attack the daily 20-simple moving average.  Continue to trade cautious and be careful not to overtrade.  The sellers will be trying to get price back below $120.30 while the buyers will be trying to pull themselves above $122.00.

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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 above the T-Line ™ implies the bullish short-term swing traders are in control.

Energy Sector: XLE, SX90, ERX, USO  A below 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.