Today’s Swing Trade Idea

NEO (Healthcare Sector Diagnostic and Research) NEO has had an impressive bullish T-Line run starting July 1 then met with profit taking late July. On Thursday and Friday of last week, we saw buyers coming in and closing Friday with an impressive morning star signal closing back over the T-Line and the 20-day simple moving average. Continued bullishness from here could post a 20+ percent gain for the swing trader.

My entry plan idea: Buy a starter position over $5.28
My stop plan: A close below the T-Line

Good Morning,
SPY: Follow the charts, no emotion, just cold hard focus. There is nobody I know that is super bullish or super bearish; they are extremely cautious right now. Why? Because the market (SPY) is at an important decision level, now above the 50-day SMA and into the gap and could challenge the $196.88 level with success and could fail. As of the close Friday, the SPY is still below the bullish higher low starting June 12, 2014 and ending on July 30, 2014.

IWM: The morning futures are suggesting the buyers have found a spark of energy, and it could be enough energy to challenge the 50-day simple moving average and the July 24 high. A close over the 50-day simple moving average would indeed put the buyers in a good position. A close below the 50-day simple moving average would show weakness.

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VXX S&P 500 VIX Short Term Futures: Aclose below theT-Line ™ implies the bearish short-term swing traders are in control, Yesterday’s candle implies we could be nearing a bottom

USO United States Oil Fund: Aclose below the T-Line ™ implies the bearish short-term swing traders are in control. Yesterday’s candle implies a pause in the downtrend no real buyers as of yet

GDX Gold Miners ETF: Aclose below the T-Line ™ implies the bearish short-term swing traders are in control. Yesterday’s candle Implies profit taking.

TLT: Aclose above the T-Line ™ implies the bull short-term swing traders are in control. Yesterday’s candle implies the bullish trend is healthy, possible profit taking today

The above are just my thoughts to myself just thought I would share with everyone.

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.

— Rick

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Keep the inverse ETF’s close by and watch them closely they produce good money, fast
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