Today’s Swing Trade Ideas

UTHR/Long  (Healthcare Sector Biotechnology) UTHR has formed a morning star signal using the big three as support, and price closed over the T-Line yesterday on the daily chart.  The four-hour chart also using the big three as support has formed a Doji continuation pattern or a Doji sandwich setup.  Price has been trying to form a symmetrical triangle for the past couple of months.

My entry plan idea:  Positive trading over the T-Line.
My stop plan idea:  A close back below the T-Line for now.

• Member E- Learning tonight 8 PM Eastern

• JRJC – Yesterday’s featured trade +12.5% open to high

Good Morning,

SPY:   Yesterday saw weakness in the SPY gapping down and closing below the T-Line with an intraday bounce off the 20-day SMA.  The bulls will try to support price near the $205.38 area and the bears willdo their very best to close price below $205.38 — Game On!

The price action of yesterday’s close below the T-Line bringing the two EMAs with it means that we have a T-Line trend change in the 80/20 rule and suggests that 80% of stocks will likely be testing the waters below the T-Line.

I have reposted a clip from my December 5th morning note:
“However, I am starting to see weakness develop and the bears are beginning to gather.  Keep your eyes wide open and watch those candlesticks for hints, clues and whispers.”

 IWM:  Although IWM is still in its sideways trading range, it did close back below the T-Line and the 20 SMA on what could end up being a very telling candlestick signal.  For the past seven trading days, IWM has managed to paint a failed high and a bearish flag.  Some days it’s best to sit back and wait for the story to unfold and be careful not to get sucked into the hype of “trade this, trade that, trade, trade, trade,” when the best course of action could be to sit and be patient until the trade feels right and looks right.

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 above the T-Line ™ implies the bullish short-term swing traders are in control. Bullish morning star signal

Energy Sector: XLE, SX90, ERX, USO  A close below the  T-Line ™  implies the bearish short-term swing traders are in control.   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. Dollar may be trying to weaken, wait for conformation.

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.