Today’s Swing Trade Ideas

GDP/Long (Oil and gas ) GDP Is currently painting a J-Hook continuation pattern coming out of the rounded candlestick bottom and is currently a Hit-And-Run Candlestick Rounded Bottom Breakout (RBB)
Click Here to learn more about the RBB Pattern.

Possible entry plan idea:  Buy box entry between $4.18 and $4.75 for the breakout buyers.
Possible stop plan idea:  A close below $4.28
Learn to trade 10%-30% swings

More on how to trade GDP in the Live Trading Room  9:10 AM Eastern Trading Room.
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Tuesday night’s member e-learning has been posted in the members’ area of the website under the members’ blog.  It has also been posted on YouTube.  You can find the video by going to the Hit-And-Run Candlestick home page and clicking on the red YouTube button on the top right.

Good Morning, 

SPY:  Another close above the T-Line, so that makes 15 consecutive trading days leading the T-Line higher and higher.  $211.55 was thenumber for the Bulls to beat yesterday and they did so closing at 211.63.  Yesterday’s Doji close is of no concern unless the close today is below $211.65.  $211.65 is the number for the Bulls to own; otherwise, the T-Line will likely see pressure.

Three industry indices produced noteworthy Bullish Engulfs yesterday: Apparel Stores, Specialty Retail, Auto and Truck Dealerships. Click Here to read more on Bullish Engulfs

United States Oil Fund (USO) is sitting on support, and a close over $19.08 would be sweet for those of us trading oil. ERX is trying to build a bullish J-Hook continuation pattern.

IWM: IWM closed up slightly, but more importantly above the T-Line.  The bull lives on as of the close yesterday.  $122.70 is the number we want the Bulls to beat today, and a close below $122.70 could set up a little selling.

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.

TBT: A close under the  T-Line ™ implies the bearish 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 under 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.