Today’s Swing Trade Ideas

MOBI/Long (Technology ) MOBI printed an impressive hammer 18 days ago followed by a 27% profit run.  Recently, MOBI has found itself in a pull back printing a higher low with a couple of Dojis followed by a Bullish Engulf that ran through the big three closing over the T-Line.  This is another high probability money-making rounded bottom breakout (RBB Pattern).
Click Here to learn more about the RBB Pattern.

Possible entry plan idea:  Buy box entry between $3.93 and $4.31 for the breakout buyers.
Possible stop plan idea:  A close below $3.93

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More on how to trade MOBI in the Live Trading Room  9:10 AM Eastern Trading Room.
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A BIG THANK YOU to all that visited the open trading room this week.  We hope to see you in the trading room for the last open day.  Please tell a friend and bring them with you.  Again, thank you to all who made this last week very enjoyable.  Rick

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Good Morning, 

SPY:  Yesterday was a little touch-and-go on who is going to come out ahead, the sellers or the buyers.  The buyers managed to closeover the T-Line with a Doji hammer candle while the sellers managed to keep us under $211.65, which was very important to show that the buyers could maintain overall control.  Unfortunately, the buyers could only close us at $211.38.  Today we will have to lower our standards a bit and the buyers need a close over $211.30, if we could be setting up for a short-term top.  Ultimately, a close over $211.75 will show that the buyers still have muscle.  Overall, the Bulls certainly have had control of the T-Line run, the Doji gap down, and the lower close of the last two days could be hinting that the Bulls are a little tired.

Industry Indexes with Notable Candlestick Signals and Chart Patterns
Pharmaceutical Retailers, Electronics Distribution, Beverages Soft Drinks, Savings and Cooperative Banks, Regional Banks, Auto Manufacturer, Beverages Wineries and Distilleries, Insurance Property and Casualty, Tobacco, Staffing and Outsourcing

USO &ERX are trying to find stable ground in a bottoming construction area. Will they find it?

IWM: IWM closed well yesterday over our $122.70 number to beat showing that the Bulls still have a great deal of interest in small caps. For the buyers to continue to show strength and positive power, today’s magic number is $123.01.

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.
Symbols from TC2000
Full list of trade ideas-members 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.

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.

TBT: A close above the  T-Line ™ implies the bullish short-term swing traders are in control. This should change today, watch for a close over the T-Line.

US Dollar Index: UUP, DXYO 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.