Trade Ideas November 18, 2014

Today's Swing Trade Ideas

EXK/Long  (Basic Materials Silver)  EXK has been in a downtrend and is now trying to construct at least a short-term bottom.  The bottom construction started on November 10 then on November 14.  A bullish engulf was printed with a bullish doji harami follow-through yesterday closing over the t-line. EXK is now set up in a strategy we call “The Pinball.”  With the first target around $3.50, an entry below or very near $2.87 could produce about a 23% profit.

My entry plan idea:  Below $2.87
My stop plan idea:    A close below the T-Line

Member E-Learning/Coaching tonight, 8:00PM Eastern in the Live Trading Room (Password Required)

Good Morning,

SPY: The SPY continues to maintain its bullish posture by continuing to close above the t-line and with a tiny bullish engulf after two doji's.  All of this happening yesterday while there was talk about a Japanese recession and a myriad of other situations around the world and the US.  You can say what you want and make predictions, but the fact remains the bulls have been relentless.  Yes, they've allowed the bears to have a pullback or two (their day in the sun), but in the end, the bulls have been absolutely bullish. I still have a big concern that if the SPY starts to slide below the T-line, we could see price dangling around the $199 area.

 IWM:   IWM is taking the bearish harami three days ago a little seriously followed by a weak doji then followed yesterday by a sellers’ gap and a lower close.  The $114 area or the 23.6% retracement is looking better and better.

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, be careful with this one
11-4-14 Long Buy on positive trading
11-3-14 Long Nasty candle, close with profits
10-30-14 Long Trying to bottom, wait for it
10-29-14 Long Profit taking watch the T-Line and 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 Watch for PBO
10-14-14 Long Protect or close
10-9-14 Long Buy over T-Line
10-2-14 Long Sideways, close on weakness
9-25-14 Long Target hit +15.5%, Protect!
9-5-14 Long Buy on positive trading
8-28-14 Long Wait for it, no buy signal
8-14-14 Long Target hit + 35.5%/ protect profit
8-13-14 Long Target Hit +29%/Close protect profit
7-8-14 Long Shooting Star careful

 

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 candles  implies a possible short term bottom is trying to construct, no confirmation.

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, The Hammer low is important.

TLT: A close above the  T-Line ™ implies the bullish short-term swing traders are in control, a rounded bottom it trying to form.

UUP US Dollar Index: Has formed a bearish and golf engulfing the last six candles, the sellers are really trying to take control here, Yesterday a bullish inside day Harami formed. We will see.

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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