Today’s Swing Trade Idea
Long: EGOV (Technology Sector Software) Chart pattern – rounded bottom breakout, after the Doji on July 10 the buyers stepped in with a bullish gap over the big three, followed by profit taking and consolidation walking along the 50 day simple moving average. The last three days we have seen a morning star type candle pattern.
My entry plan idea: My plan will be to buy below $16.87 and above $16.23 I’m looking for a 10 to 20% move
My stop plan: Just below $16.23
Good Morning,
SPY: Keep your eye on the ball, it would appear that the buyers put together a game plan and closed the spy with the Doji at the T-Line after a couple of days of profit taking. The overall trend in the spy remains bullish and it looks as if the short-term swing traders are trying to run with the ball above the T-Line. We will continue to watch candlesticks for a price clue.
Yesterday there were many of us in the trading room that took a position on PLUG after the profit taking pull back in the formation of the Doji on the T-Line, premarket it looks as if were up about 9% thank you to the trading room!
The July 8 featured trade idea AAPL continues to work well headed for the hundred dollar mark and then higher.
IWM: Has formed a double bottom that I will consider a clue for the bullish team, unfortunately it has also formed a bearish H pattern and a blue ice failure. The fight is on between the Bulls in the bears, we will have to wait patiently to see who comes out on top.
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| Symbols for members only | Date | Long/Short | ||
|---|---|---|---|---|
| 7-24-2014 | Long | Buy on positive trading | ||
| 7-23-2014 | Long | Buy on positive trading | ||
| 7-22-2014 | Long | Buy on positive trading | ||
| 7-21-2014 | Long | Buy on positive trading | ||
| 7-17-2014 | Long | Buy on positive trading | ||
| 7-16-2014 | Long | Close | ||
| 7-15-2014 | LONG | Wait for buysignal | ||
| 7-14-2014 | Long | Buy on positive trading | ||
| 7-11-2014 | Long | Buy on positive trading | ||
| 7-8-2014 | Long | Buy on positive trading | ||
| 7-7-2014 | Long | Watch for PBO | ||
| 6-26 | Long | Buy on positive trading | ||
| 6-16-2014 | Long | Buy on positive trading | ||
| 6-4-2014 | Long | Wait for buysignal | ||
| 6-3-2014 | Long | Did you take your profits | ||
| 5-13-2014 | Long | Buy on positive trading | ||
| 5-6-2014
5-28-2014 |
Long | Buy on positive trading | ||
| 4-14-2014 | Caution | |||
| +8% | 4-9-2014 | Long | Buy on positive trading | |
| +38% | 2-25-14 | 200sma | Close |
***Members see the ticker symbols —> Become a Member Click Here
VXX S&P 500 VIX Short Term Futures: Yesterday’sclose above theT-Line ™ implies the bullish short-term swing traders are in control, Yesterday’s candlestick implies consolidation
USO United States Oil Fund: Yesterday’sclose below the T-Line ™ implies the bearish short-term swing traders are in control. Yesterday’s candlestick implies buyers are trying but not good enough, fighting a blue ice failure
GDX Gold Miners ETF: Yesterday’sclose above the T-Line ™ implies the bullish short-term swing traders are in control. Yesterday’s candlestick implies a test of 27.00
TLT: Yesterday’sclose above the T-Line ™ implies the bullish short-term swing traders are in control. Yesterday’s candlestick implies 119-120 target
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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