Today’s Swing Trade Ideas

DNR/Long (Oil and Gas) DNR, a Hit-and-Run Candlestick Rounded Bottom Breakout has formed a double bottom followed by a breakout over the construction area.

Possible entry plan idea:  Buy Box Entry between $8.45 and $9.30
Possible stop plan idea:    For now, a close below the T-Line

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Good Morning, 

SPY:  There’s not much change from yesterday.  The buyers and the sellers managed to keep price in the same area closing down only 15 cents from theprevious day.  Price continues to ride the bullish side of the T-Line for 12 days now.  The chart is starting to show three days of consolidation or forming a flag-type chart pattern.  It’s important to know your basic candlestick signals to help determine the future swing direction. Targets remain in the mid-$213.00 area followed by the $215.00 area with pullbacks and opportunities along the way.  Keep your eye on candlesticks for changes that may affect the bullish T-Line run.

IWM:  I remain bullish based on the current trend and yesterday’s candlestick follow-through.  Minor pullbacks are allowed, even welcomed, as they represent opportunities within a trend.  Watch for minor pullbacks and then candlestick reversal signals or patterns that would indicate a bullish trend continuance.

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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.

TBT: A close above the  T-Line ™ implies the bullish 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 below the  T-Line ™  implies the bearish 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.