Today’s Swing Trade Ideas

SPXS/Long  (S&P 500 Bear 3X ETF)  SPXS is an inverse ETF play that is forming a Doji continuation pattern or you may know it as a Doji sandwich.  For the past three months, SPXS has been forming a rounded bottom and has now started a bullish “W” pattern from late November and early December and has led to price closing over the T-Line and the 20-day simple moving average with a Doji continuation pattern formed by the last four bars, and today may be the continuation bar.

My entry plan idea: Buy on positive trading above the T-Line and/or on trading above 21.77
My stop plan idea:  A close below 21.61

ACAN Featured Swing Trade on December 20 is now a close with  +14%

ALNY Featured Swing Trade on November 14 is now a close with  21%

Saturday Rounded Bottom Breakout Seminar/Clinic

When: Saturday December 13, 2014

Time: 11:00 AM Eastern

Where: Online in the Trading Room

For more information: Click Here

Good Morning, 

SPY:   “Keep It Simple” is something we work very hard at here at Hit-And-Run Candlesticks, and one of our swing trade strategies is to follow what price is doing in relationship to the T-Line.  The chartclipped to your left is a few bars of the SPY.  You can see how price has traded below the T-Line for the past four bars and judging by the futures this morning, it will lead the T-Line lower, at least at the open.  Now that price has confirmed its decline below the T-Line, we must wait till we see a bullish candlestick reversal signal that has bullish confirmation before the SPY can be traded for a bullish swing trade.

IYT:  IYT continues to trade in a sideways range.  The last two bars have been inside days and yesterday’s print was a gravestone Doji which is a sign of weakness.  The 200-day simple moving average along with the 50-day simple moving average may offer support below.

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.

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.

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.   No buy signal as of yet.

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

UUP US Dollar Index: A close below the  T-Line ™  implies the below short-term swing traders are in control. Dollar may be trying to weaken, wait for conformation.

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.