Swing Trade Ideas January 2, 2015

Today's Swing Trade Ideas

REN / Long (Energy sector)  REN is a pinball setup with about 39% to the pinball target.  REN is a 1-2-3 chart with a confirmed bullish morning star that has now closed back above the T-Line and the 20-day simple moving average.  The chart is still in a confirmed downtrend; therefore, we are only looking for a relief rally.

My entry plan idea:  Inside day with a close over the 20-day period moving average would be nice.
My stop plan idea:   A close back below the T-Line.

Trade management is so very important.

Good Morning, 

SPY:   Prices closed back down through the T-Line which means the bullish swing trader has lost control until a bullish reversal signal and
pattern are created or a close back up through the T-Line.  At the time of this writing, the futures are looking a bit bullish, but it's the end of the day close that counts.  From a little longer point of view, the Bulls are still in control and for now the last two candles are due to into-the-year trading and profit taking.  I expect today's trading to be much like the past couple of weeks -- slow and overall low volume.  Next week could be a different story.

IWM:   IWM also closed below the T-Line putting the short-term sellers in control. By the end of the day, the buyers need to see a bullish reversal candlestick or a close back over the T-Line.  If price continues below the T-Line, the 20-day period moving average is a likely target direction.

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.

Symbols formembers only % Date  Long/Short Try our Membership, Check out the Trading Room
12.26.14 Long Wait for PBO
12.23.14 Long Buy on positive trading
12.22.14 Long Watch for PBO
12.19.14 Long Watch for PBO
12.18.14 Long Watch for PBO
12.17.14 Long Wait for PBO
12.10.14 Long Buy on positive trading above the Tline
12-2-14 Long Buy on positive trading
11-7-14 Long Buy on positive trading
11-5-14 Long Buy on positive trading over 20sma
+14% 11-3-14 Long Buy on positive trading
10-30-14 Long Close on weakness
+35% 10-23-14 Long Buy on positive trading
7-8-14 Long Wait for it

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.

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.

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