Trade Ideas November 5, 2014

Today's Swing Trade Ideas

BCOV/Long  (Technology Sector Software Application)  I first mentioned BCOV as a possible trade two days ago (November 3) as a rounded bottom breakout with about 45% possible profit measuring from the 50-day simple moving average to the 200-day simple moving average.  Prices rallied slightly with an inside day yesterday and now about 24% to target.  I am watching for a PBO J-Hook set up.

My entry plan idea:  (Currently own @ 6.67) Will add on a bullish candle
My stop plan idea:    A close below the 50 SMA

Good Morning,

VPCO ended up being a 53.64% trade and more for others in our trading room, Congratulations to all!

SPY:   Everybody sits on the edge of their seat and tries to figure out what the market reaction will be to such things as an election, and there's always very good arguments on both sides.  But when it comes...

SPY:   Everybody sits on the edge of their seat and tries to figure out what the market reaction will be to such things as an election, and there's always very good arguments on both sides.  But when it comes down to it, the chart and the trend are your best friend.  Looking at the SPY, the buyers have managed an outstanding V-bottom rally T-Line run for about 10%.  The last couple of days we have seen candlestick signals that imply that a minor profit taking pull back could be in order, and yesterday we did have a very slight pullback, nothing to amount to anything.  Looking at the morning futures, you can't help but notice that the Bulls are very happy about the election results, so let's not fight the trend.  Price action above the T-Line is bullish, and as of 7:30 a.m. this morning, there is no sell signal in sight.

 IWM:  The Bulls have enjoyed another day walking up the bullish T-Line with only minor candlestick corrections.  IWM is an excellent chart to study showing how the sellers can lead price down below the T-Line and then the buyers can step in as they did starting on October 13, and then crossing the T-Line on October 16 from there, the buyers have never looked back and the sellers with their hands in their pockets are wondering what to do.  In my personal opinion, the T-Line is a perfect tool for the swing trader.

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
11-4-14 Long Buy on positive trading
11-3-14 Long Buy on positive trading
10-30-14 Long Close on weakness below 200sma
10-29-14 Long Buy on positive trading
10-27-14 Long Buy on positive trading
10-24-14 Long Hit target +28%/watch for PBO
10-23-14 Long Close on weakness below 1.93/watch for PBO
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/watch for PBO
10-9-14 Long Close on weakness/watch for PBO
10-2-14 Long Buy on positive trading
9-25-14 Long Buy on positive trading/be a profit trader
9-18-14 Long CLOSE
9-5-14 Long Close on weakness
8-28-14 Long Buy on positive trading
8-14-14 Long Target hit + 35.5%/PBO?
8-13-14 Long Target Hit +29%/watch for PBO
AAPL 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, Yesterday's candle implies sellers are still in control.

Energy Sector: XLE, SX90, ERX  A close below the  T-Line ™  implies the bearish short-term swing traders are in control.  The current candle pattern implies sellers are present.

TLT: A close below the  T-Line ™ implies the bearish short-term swing traders are in control. Yesterday's doji and the last 5 candles implies consolidation.

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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