Trade Ideas November 17, 2014

Today's Swing Trade Ideas

TZA/Long  (Small-cap bear 3X)  TZA printed a bullish piercing candle on Thursday and a Doji Friday at the upper wick area of Thursday's piercing candle telling us that the buyers are taking charge with the whole Harami Doji continuation candle. A close over the t-line could set us up for about a 10-15% bounce if the sellers in the market has their way.

My entry plan idea:  A buy above the T-Line.
My stop plan idea:    A close below the T-Line

Good Morning,

SPY:  Last week I wrote about how a Doji needs attention especially after a long trend and that the subsequent following candle can be very telling. Friday ended upbeing another Doji day so today would be the telling day and judging by the premarket information the buyers may be scrambling to hold the t-line. Last week I also talked the 23.6 Retracement line lying about 199.00 between the 20 day simple moving average and 50 day simple moving average and how a PBO to the 23.6 Retracement could end up being a positive move for the overall bull trend. Of course below that 23.6 Retracement and the bulls could be in a world of hurt.

 IWM:   After the bearish Hiromi Thursday of last week Friday printed a Doji at the low wick area of the Harami telling us that the sellers may be taking charge. The 23.6 Retracement PBO area for the IW him is around 115 which I think is likely to slip and a stronger support area might be a little lower near the 200 SMA or the 114.00 area.

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 I post a 10 -15 stocks 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.

Symbols formembers only Date  Long/Short Try our Membership, Check out the Trading Room
11-12-14 Long Buy on positive trading
11-7-14 Long Caution/flirting with the 50sma
11-5-14 Long Buy on positive trading/could see weakness today
11-4-14 Long Buy on positive trading
11-3-14 Long Buy on positive trading, but think profits
10-30-14 Long Trying to bottom, wait for it
10-29-14 Long Profit taking watch the T-Line and PBO
10-27-14 Long Watch for PBO
10-24-14 Long Hit target +28%/Buy on positive trading
10-23-14 Long Buy on positive trading
10-20-14 Long Could see some profit taking
10-17-14 Long Buy on positive trading
10-14-14 Long Protect or close
10-9-14 Long Buy over T-Line
10-2-14 Long Sideways
9-25-14 Long Target hit +15.5%, Protect!
9-5-14 Long Buy on positive trading
8-28-14 Long Wait for it
8-14-14 Long Target hit + 35.5%/Close protect profit
8-13-14 Long Target Hit +29%/Close protect profit
7-8-14 Long Buy on positive trading/protect

 

VXX S&P 500 VIX Short Term Futures:  A close below the T-Line ™ implies the bearish short-term swing traders are in control, The recent dojis  implies a possible Hop over the t-line.

Energy Sector: XLE, SX90, ERX  A close below the  T-Line ™  implies the bearish short-term swing traders are in control.  THE Hammer Continuation pattern and double bottom implies we might see more upside from here..

TLT: A close above the  T-Line ™ implies the bullish short-term swing traders are in control, Trapped between the 20 and 50 Sma's poised to take on the 20smaTLT looks poised for a bullish move from here.

UUP US Dollar Index: Has formed a bearish and golf engulfing the last six candles, the sellers are really trying to take control here.

The information in this email and Blog Post are notes to myself and should 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.

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