Today’s Trade Idea
Long: PLUG (Technology Sector Electronic Components) After last week’s gap over the big three and a two-bar pullback finding support on the 20-day simple moving average, 34 EMA and T-Line and then Friday’s Bullish Engulf indicated that the buyers are still involved with PLUG. And with about 30% to our next target, PLUG is our featured trade idea today. Follow the candlesticks, the T-Line, and the 20-day simple moving average.
My entry plan idea: (Currently already own) And will look to add to PLUG on an intraday pullback today below Friday’s high and above.
My stop plan: Protective stop $4.52
Good Morning,
SPY: We have a huge advantage in being our own stock investor or short-term swing trade investor. We have the ability to move in and out of the market or a stock as we wish. We have the tools that can help us produce double-digit percent gains in just a few days and the tools to keep our losses very small.
I believe we should be questioning the market each and every day, be aware of the geo-political attitude, earnings, but most of all, follow the trend and the trading tools that you trust the most.
Friday we closed back over the T-Line which implies that the short-term swing trade buyers are back in control. Please keep in mind that last week’s bearish evening star is still in play and has not been trumped. Two levels of importance in the SPY are $198.29, which is what the bulls would like to clear, and $195.06 is what the bears would like to capture. Anything in the middle is merely sideways consolidation.
This Week’s Economic Calendar—> Click Here
Current Swing Trade Featured Trade Ideas- Gold & Silver Members Only: Become a Member—> Click Here
| Symbols for members only | Date | Long/Short | ||
|---|---|---|---|---|
| 7-17-2014 | Long | Wait for buysignal | ||
| 7-16-2014 | Long | Buy on positive trading | ||
| 7-15-2014 | LONG | Buy on positive trading | ||
| 7-14-2014 | Long | Buy on positive trading | ||
| 7-11-2014 | Long | Buy on positive trading | ||
| 7-9-2014 | Long | Buy on positive trading | ||
| 7-8-2014 | Long | Buy on positive trading | ||
| 7-7-2014 | Long | Buy on positive trading | ||
| 6-26 | Long | Buy on positive trading | ||
| 6-16-2014 | Long | Buy on positive trading | ||
| 6-4-2014 | Long | Buy on positive trading | ||
| 6-3-2014 | Long | Did you take your profits | ||
| 5-13-2014 | Long | be a profit trader | ||
| 5-6-2014 5-28-2014 |
Long | Wait for buysignal | ||
| 4-14-2014 | Buy on positive trading | |||
| +8% | 4-9-2014 | Long | Buy on positive trading | |
| +38% | 2-25-14 | 200sma | Buy on positive trading |
***Members see the ticker symbols —> Become a Member Click Here
VXX S&P 500 VIX Short Term Futures: Friday’sclose below theT-Line ™ implies the bearish short-term swing traders are in control, Fridays candlestick implies consolidation
USO United States Oil Fund:Friday’sclose above the T-Line ™ implies the bullish short-term swing traders are in control. Fridays candlestick implies consolidation
GDX Gold Miners ETF: Friday’sclose above the T-Line ™ implies the bullish short-term swing traders are in control. Friday’s candlestick implies the bulls are in control
TLT: Fridaysclose above the T-Line ™ implies the bullish short-term swing traders are in control. Fridays candlestick implies consolidation
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
Symbols from TC2000
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