Trade Ideas August 27, 2014

Today's Swing Trade Idea

ARO (Consumer Cyclical Sector Apparel Stores) After producing a rounded bottom breakout, ARO has had profit taking while finding support at the T-Line. The 20-day simple moving average is just now crossing over the 50-day simple moving average starting the right side of the profit curve. With about 15% to the next resistance level and 50% to the 200-day simple moving average, we should all be able to find a profit.

My entry plan ideas: An entry below $3.95 and above the T-Line.
My stop plan: A close below The T-Line.

Good Morning,
SPY: With the SPY over $200 and the S&P 500 over 2000, the bulls have owned the last couple of weeks and the long traders’ pockets are getting full. Price continues to run above the T-Line and price continues to move away from its support level of $198.20, but let's remember how charts work. The farther it pulls away, the closer it comes to pulling back. Timing the market and being on the right side of the trend is very important, and anyone that looks at the charts today can see that the trend is bullish. But let's also take a look at how far away this bull is from the T-Line and the big three and breakout support. The bulls can continue to run; we just need to be more aware of candlestick construction to give us clues. We will continue to stay long until we see the clues that tell us otherwise.

IWM: IWM printed a bullish candle yesterday to help confirm Monday's close over the 50-day simple moving average. The T-Line continues to support the lows. We will keep a bullish posture on IWM until the candlesticks tell us otherwise, $101.30 seems likely.

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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
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 Caution
7-21-14 L Caution
7-17-14 L Buy on positive trading
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 on positive trading
7-8-14 L Profit taking
7-7-14 L Profit taking
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

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VXX S&P 500 VIX Short Term Futures: A close below theT-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 buyers are trying to take control.

TLT: A close above the T-Line ™ implies the bullish short-term swing traders are in control. Yesterday's Bearish Engulf candle implies profit takers are interested in profits.

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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