Today’s Swing Trade Ideas

SIGM/Long   (Semiconductor) SIGMHas formed a four bar cradle pattern after pulling back to the 20 day simple moving average on the daily chart.  The three-day chart has formed a little flag supported by the big three.  The three-day chart is also a rounded bottom breakout.

My entry plan idea:  Positive trading over the T-Line, but don’t Chase
My stop plan idea:  A close below $4.35

• How to Trade Gaps Webinar Today 1:30 PM Eastern Open to the public
• Click Here to enter the webinar today (No password needed)
• Another great day yesterday for the trading room and DUGLY

Good Morning,

SPY:  The spy continues to maintain its bullish posture overall and even though the last nine trading days has just move sideways making noise.  As of the closeyesterday the Bulls are still in control, however I am starting to see weakness develop and the bears are beginning gather.  Keep your eyes wide open, watch those candlesticks for hints, clues and whispers. Employment numbers could be a game changer both up or down.

 IWM:  For the most part IWM has moved sideways from the November 30 one gap, yesterday closing with an inside day right at the T-Line in the 20 day simple moving average.  Today could be a telltale sign of the future direction and what’s coming.  I am also starting to see hints and clues that the bears are lurking, if you listen carefully you can hear them whispering to each other.  For the most part I am still bullish IWM although I did buy a little TZA yesterday.  Continue to trade Smart, good charts, good entries, stops, and for goodness sakes don’t be afraid to take profits.

This Week’s Economic Calendar—> Click Here

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.

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 below the  T-Line ™  implies the bearish short-term swing traders are in control.  Short term bottom trying to form. No buy signal as of yet.

TLT: A close above the  T-Line ™ implies the bullish short-term swing traders are in control. .

UUP US Dollar Index: 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.