Today’s Swing Trade Idea
(No Featured trade Idea today)
My entry plan ideas
My stop plan:
Good Morning,
SPY: The past two weeks the spy as well as the overall market has been outstanding for the bullish minded swing traders, day traders as well. The all-time new highs are quite an accomplishment. Yesterday in the trading room we talked a little bit about how a successful swing trader might trade in the direction of the current overall market trend and be 99% invested in that trend whether its bullish or bearish but always good to keep one eye on the flipside. If the market and the overall attitude is bullish the successful trader might want to keep the short trade scans and inverse ETF’s close by and handy in your toolbox.
A good rule of thumb is when price moves too far from the mean, consolidation or a pullback becomes likely.
IWM: In my opinion the IWM is still the laggard in the weak link in the overall market, although the market does not seem to care as of yet. IWM has been struggling with the 50 day simple moving average the last few days.
This Week’s Economic Calendar—> Click Here
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| Symbols formembers only | Date | Long/Short | ||
|---|---|---|---|---|
| 8-21-2014 | Long | Buy on positive trading | ||
| 8-20-2014 | Long | Buy on positive trading | ||
| 8-19-2014 | Long | Buy on positive trading | ||
| 8-15-2014 | Long | Buy on positive trading /Watch for PBO | ||
| 8-14-2014 | Long | Buy on positive trading | ||
| 8-13-2014 | Long | Buy on positive trading | ||
| 8-12-2014 | Long | Watch for a buy signal | ||
| 8-7-2014 | Long | Should have been closed | ||
| 19% | 8-6-2014 | Long | Possible PBO setting up | |
| 7-31-2014 | Long | Buy over 50sma | ||
| 8.2 | 7-30-2014 | Long | Protect profits | |
| 7-29-2014 | Long | Be a profit trader!!!!! | ||
| 7-24-2014 | Long | Caution /Profit taking | ||
| 8 | 7-23-2014 | Long | Protect profits, might get a run to the 200 | |
| 7-22-2014 | Long | Close for now | ||
| 7-21-2014 | Long | Buy on positive trading | ||
| 7-17-2014 | Long | Buy on positive trading | ||
| 7-15-2014 | LONG | Buy on positive trading above 50sma | ||
| 7-14-2014 | Long | Buy on positive trading | ||
| 30 | 7-11-2014 | Long | Buy over T-Line | |
| 7-8-2014 | Long | Buy on positive trading | ||
| 7-7-2014 | Long | Buy on positive trading | ||
| 6-26 | Long | Close on weakness | ||
| 6-16-2014 | Long | Buy on positive trading | ||
| 6-4-2014 | Long | Buy on positive trading | ||
| 5-13-2014 | Long | Caution | ||
| 4-14-2014 | Buy on positive trading | |||
| +8% | 4-9-2014 | Long | Buy on positive trading | |
| +38% | 2-25-14 | 200sma | Be ready |
***Members see the ticker symbols —> Become a Member Click Here
VXX S&P 500 VIX Short Term Futures: A close below the T-Line ™ implies the bearish short-term swing traders are in control, Yesterday’s candle pattern implies we could be nearing a PBO.
USO United States Oil Fund: A close below the T-Line ™ implies the bearish short-term swing traders are in control. Yesterday’s doji candle Inside day implies indecision.
GDX Gold Miners ETF: A close below the T-Line ™ implies the bearish short-term swing traders are in control. Yesterday’s candle Implies Sellers are in control
TLT: A close below the T-Line ™ implies the bearish short-term swing traders are in control. Yesterday’s candle implies buyers may be stepping in
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
Members Trade Ideas – Members Only
Keep the inverse ETF’s close by and watch them closely they produce good money, fast
Trade Ideas
Symbols from TC2000
No trade ideas today
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