Today’s Swing Trade Ideas

UBNT/Long  (Communication Equipment) UBNT has formed a double bottom with a Doji Bullish Engulf in early December and a Doji continuation pattern in the last three bars.  A close over the 50-day simple moving average yesterday has set up the rounded bottom breakout pattern.

My entry plan idea:  Ideally buy above $30.74 and below $32.77 or buy on positive trading above yesterday’s high.
My stop plan idea:    On a bearish candlestick signal below 30.74.

Good Morning, 

SPY:   Yesterday was another day where the SPY closed below the T-Line after attempting a monster one-day rally but gave it all back before the close.  I don’t believe the SPY has reached its low;however, it has reached an oversold point where a relief rally could be put together, today or very soon.  If and when a relief rally is launched, I would expect price to reach the T-Line and possibly above the T-Line but then retreat trying to establish a bottoming base.  Unfortunately, the 200-period moving average may be too strong of a magnet.

IWM:  Yesterday IWM nearly pushed into our low target area.  If there is a wave of buying today, we may have to be patient and allow the relief rally to work before price falls into our window.  As mentioned in the SPY, I do not believe IWM has found its load just yet and any kind of rally at this point would just be a relief rally.

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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.

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.   Possible short term bottom constructing.

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

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.