Trade Ideas August 26, 2014

Today's Swing Trade Idea

NEO (Healthcare Sector Diagnostic and Research) NEO was a featured trade idea on August 18 and continues to look bullish coming from a doji bullish engulf and morning star reversal signal followed by a T-Line run/consolidation and looks poised for the $5.90 area and then the $6.20 area.

My entry plan ideas: On a breakout of yesterday's candle or an inside day above the T-Line, traders choice.
My stop plan: A close below $5.15.

Good Morning,
SPY: So close but yet so far away, the S&P 500 closed just under 2000 at 1997.92 while it's ETF SPY closed over $200 yesterday at $200.20. With 11 days now closing over the T-Line, bullish technical chart followers have been rewarded. Just having a few simple rules can make the difference in your trading. Just take the T-Line, for example: using the T-Line has helped many traders go from marginal to successful. There are several ways you can use the T-Line in your trading and one might be how it keeps you on the right side of the trade.

The SPY closed yesterday with a gap-up doji. The doji would indicate indecision but nothing confirming. With price closing over the T-Line, the indication is that the buyers are still in control of the swing trade started on August 11, 2014.

IWM: With yesterday's close above the 50-day simple moving average and the 50% retracement line, my attitude has changed with IWM. As long as we can hold the 50-day simple moving average and the 50% retracement line, the buyers have a chance to push this chart higher. August 8 started this swing trade rally, and it has continued pushing through several obstacles.

Remember to trade cautious, keep your eye on both directions and be a profit trader!

How to Read a Candlestick Chart

You’ve lit dozens of candles over the years, I’ll bet: birthday candles on top of frosted cakes, scented candles to mask unpleasant odors, decorative candles during the holidays, and maybe even purely utilitarian candles when your electricity was out and you couldn’t find a flashlight. Picture the shape of a candle in your head. There’s the body, which is typically cylindrical in shape (boxy from the side), and there is a slender wick, which extends from the top. Keep that basic shape in mind, because today we’re learning how to read a candlestick chart. To Continue reading Click Here

This Week's Economic Calendar---> Click Here

Current Swing Trade Featured Trade Ideas- Gold & Silver Members Only: Become a Member---> Click Here

Members only Date L/S
8-25-14 L Buy on positive trading
8-21-14 L Buy on positive trading
8-20-14 L Close on weakness
8-19-14 L Buy on positive trading
8-15-14 L Buy on positive trading /Watch for PBO
8-14-14 L Buy on positive trading
8-13-14 L Buy on positive trading
8-12-14 L Watch for a buy signal
19% 8-6-14 L Watching
7-31-14 L Buy on positive trading
8.2 7-30-14 L Protect profits/Possible PBO
7-29-14 L Be a profit trader /Caution
7-24-14 L Caution /Profit taking
8 7-23-14 L Protect profits, caution
7-22-14 L Buy over 50sma
7-21-14 L Buy on positive trading
7-17-14 L Caution
7-15-14 L Buy on positive trading above 50sma
7-14-14 L Buy on positive trading / Caution
30 7-11-14 L Buy over T-Line
7-8-14 L Buy on positive trading
7-7-14 L Buy on positive trading
6-16-14 L Buy on positive trading / Caution
5-13-14 L Caution
4-14-14 L Buy on positive trading
+8% 4-9-14 L Buy on positive trading
+38% 2-25-14 L 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. The last three candles imply indecision, consolidation, possible bounce.

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 above the T-Line ™ implies the bullish short-term swing traders are in control. Yesterday's candle implies buyers may be stepping in, Watch for bullish J-Hook breakout

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
Symbols from TC2000

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