Today’s Swing Trade Ideas

XOOM/Long  (Financial services)  X00M was in gap a couple days ago closing over the 50-day simple moving average creating a rounded bottom breakout pattern on a strong bullish candle.  Yesterday a Doji was formed above the 50-day simple moving average and in the upper half of Wednesday’s bullish candle creating a Doji continuation pattern or a Doji sandwich.  There may be a little consolidation which would open the door for a better price entry.

My entry plan idea:  In the buy box – between $15.86 and 16.98
My stop plan idea:  A close below $15.86

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Good Morning, 

SPY:   ♫♪All I want for Christmas are my two front teeth♫♪ And a big bullish rally Santa delivers.  What a remarkable reverse in trading attitude the last two days. The Bulls havemanaged to close this back over the big three: the 50-day simple moving average, 34-exponential moving average, 20-day simple moving average and the T-Line.  The Bulls are back in charge but will need a little consolidation.  As I wrote yesterday, be forewarned that the bears may try to defend the $204 – $206 area of the SPY.  As you can see, the bears did a poor job of  the $204 area so today we may see a little consolidation  in the $206 area.

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

Energy Sector: XLE, SX90, ERX, USO  A close above the  T-Line ™  implies the bullish short-term swing traders are in control.  Short term bottom constructing.

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

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.