Today’s Swing Trade Ideas

ONTY/Long (Healthcare Biotechnology)   A four-month rounded bottom is setting up with the right-side moneymaker still ahead of us.  Moving averages are starting to flip to a bullish direction.  December 12 saw large buyers stepping in with profit taking.  I see a low high, higher low and higher high developing with a Doji and a Bullish Engulf the last two trading days.

My entry plan idea:  Buy on positive trading above yesterday’s low $1.78 and on positive trading above $1.95
My stop plan idea:  A close below $1.78

From the Members Trade Idea List:
KEG +16%
VHC +21% before pulling back
BCOV +27%
RATE 13.85%
ACHN +53%

Good Morning, 

SPY:   The SPY held up very well yesterday with a Doji sandwich continuation pattern above the big three at $207.47 in light of a holiday week. The current outlook for the SPY and swing trades is bullish with price continuing to lead the T-Line in a upward direction.

IWM:  IWM looks determined to retest the July highs at $120.97.  With the current chart pattern and follow-through from the bullish morning star off of the 50-day simple moving average, there is a possibility of the July high test; not to mention the Golden Cross that has occurred (the 50-simple moving average has now crossed up through the 200-day simple moving average).  This being a holiday week, volume will be light and you can see that reflected in yesterday’s trading.

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 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 below the  T-Line ™ implies the bearish 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.