Today’s Swing Trade Ideas

TZA/Long  (Small-Cap Bear 3X ETF)  TZA is back on the featured list because it’s off its lows closing above the t-line and a swing low buy signal along with a candlestick continuation pattern.

My entry plan idea:  Above the t-line, careful not to Chase
My stop plan idea:    A close below the T-Line for now

Good Morning,

SPY:  We’ve sure seen a lot of Doji closes in the spy over the past couple of weeks so yesterday’s Doji close should not have been a surprise and the buyers have continued to keep price leading the t-line ina bullish direction. I still maintain that the 23.6 Retracement near the 199.00 area is still a viable target for the spy. There are times when the t-line can be tough and strong and there are times when it can be as thin as ice. If you can pull up a four hour chart in your charting program, do so for the spy. I do see bullish candles formed but I also see a bearish flag pattern forming and patterns tend to be stronger than one simple signal.

 IWM:  IWW finally broke down yesterday reaching our 23.6% retracement bouncing up and closing above the lows for the day. Yesterday’s close remained under the t-line suggesting that sellers are still in control. A swing low sell signal is now in place with the 2 DEMA  below and leading  the t-line at the close yesterday.  The November 3rd bearish Harami started this drop and the  continuation follow-through has led price down, yesterday’s candle was simply more of the selling continuation. Now that we’ve had a swing low sell signal and trading below the t line a bullish reversal candle or pattern is required. FYI… The four hour chart is painting a bearish H pattern

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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.

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. Double bottom yesterday’s close, we will see.

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 engulf with follow throughs, 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.