Today’s Swing Trade Ideas

MILL/Long (Oil & Gas)  After a 100% run MILL has pulled back to the 34 EMA, the last seven candlesticks are showing how the buyers are stopping the pullback.  Notice the Bullish Engulf six days ago and how the following trading has been contained above the Bullish Engulf’s low.

Possible entry plan idea:  Above $1.68
Possible stop plan idea:  A close below $1.68

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Good Morning, 

SPY:  Over the next few days, we may see a choppy SPY and market.  Intraday yesterday gave everyone a bit of a scare, but the buyersdid come back and closed us back over the T-Line.  The last five days the SPY has printed a high, a low, a failed high, and a lower low.  I am writing this at 7 AM this morning and the SPY is currently trading at $210.36, which is below the T-Line.  How the candlesticks close today will be important. The bulls need to capture $211.32.

I am finding quite a few Rounded Bottom Breakouts today that look amazing with 20%-60% profit potential.
Recently MDR 27%, GTLS 25%, MILL 50%, VIP 32%
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IWM:  Price closed back over the T-Line after spending much of it below the T-Line yesterday.  The sellers are going to try their hardest to retest yesterday’s low and print a close below it.  The big question is:  Can the buyers stop them?  The flag is at $122.90.  Can the buyers recapture it?

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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.

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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 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.