Today’s Swing Trade Ideas
BCOV/Long (Technology Sector Software Application) After Friday’s breakout on high-volume BCOV has become a rounded bottom breakout with about 45% profit measuring from the 50 day simple moving average. Notice the candlestick rounded bottom for the past two weeks.
My entry plan idea: On a pullback below 6.55 and above the 50sma
My stop plan idea: A close below the 50sma area
Good Morning,
SPY: At the close on Friday, the SPY printed a hanging man candlestick signal which implies the sellers may try to push price away from its Friday high.
SPY: At the close on Friday, the SPY printed a hanging man candlestick signal which implies the sellers may try to push price away from its Friday high.
The recent trend starting from the October 15 lows has been bullish with a run back up through the 200 SMA and the big three as well as a bullish T-Line run. Even if there is selling off of Friday’s candle, that would not necessarily mean that the sellers have taken control; consider what the trend is doing.
IWM: IWM also printed a hanging man candlestick signal at the close on Friday which implies sellers may try to pull price below Friday’s high. The bullish run from the September lows has been impressive, and Friday did close above the downtrend line from the July 1 highs to the July 3 highs to the October 30 highs.
The S&P 500, NASDAQ, Russell 2000 and the Dow Jones are all a bit overbought and could stand a profit taking pull back in the near future.
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
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 | |
| 10-30-14 | Long | Wait for it | ||
| 10-29-14 | Long | Buy on positive trading | ||
| 10-27-14 | Long | Buy on positive trading | ||
| 10-24-14 | Long | Hit target +28% | ||
| 10-23-14 | Long | Close on weakness | ||
| 10-21-14 | Long | Buy on positive trading | ||
| 10-20-14 | Long | T-Line run/Caution profit taking | ||
| 10-17-14 | Long | Caution/follow the candles | ||
| 10-14-14 | Long | Close on weakness | ||
| 10-9-14 | Long | Close on weakness | ||
| 10-2-14 | Long | Buy on positive trading | ||
| 9-25-14 | Long | Buy on positive trading | ||
| 9-18-14 | Long | Watch for PBO | ||
| 9-5-14 | Long | Caution | ||
| 8-28-14 | Long | Buy on positive trading | ||
| 8-14-14 | Long | Close on Weakness + 35.5% | ||
| 8-13-14 | Long | Target Hit +29% | ||
| 7-8-14 | Long | Caution/think profits |
VXX S&P 500 VIX Short Term Futures: A close below the T-Line ™ implies the bearish short-term swing traders are in control, Friday’s implies bulls are showing up.
Energy Sector: XLE, SX90, ERX A close above the T-Line ™ implies the bullish short-term swing traders are in control. The current candle pattern implies buyers are ib charge.
TLT: A close below the T-Line ™ implies the bearish short-term swing traders are in control. Friday’s doji and the last 3 candles implies the sellers are reconsidering.
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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