Trade Ideas November 7, 2014

Today's Swing Trade Ideas

NLNK/Long  (Healthcare Sector Biotechnology) NLNK recently broke above the big three and the 200-day simple moving average and has now pulled back to the 20- day simple moving average.  Yesterday it closed over the T-Line forming what looks like a J-Hook PBO.  From the T-Line to the recent high is about 25%.

My entry plan idea:  Above the 20-day SMA and below yesterday's high (inside day)
My stop plan idea:    A close below  $30.53

Good Morning,

SPY:   Yesterday the SPY broke out ahead of job numbers yesterday...

SPY:   Yesterday the SPY broke out ahead of job numbers today. The buyers continue to outweigh the number of sellers.  Price continues its move higher above the T-Line.  A good jobs number today could send the SPY to the $210.00 area over the next week or so.  My plan is to stay long using candlesticks to clue me in on when to take profits.

 IWM:   After a three-day cooling spell, IWM posted a bullish harami yesterday poised for a higher move today, especially on good jobs numbers.  You have to give it to IWM for the work got done over the last few weeks trying to get back to its recent highs in July.  Keep an eye on the resistance levels for possible trouble; in the meantime, the trend rules and the trend is currently bullish.

This Week's Economic Calendar---> Click Here

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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
11-5-14 Long Buy on positive trading
11-4-14 Long Buy on positive trading
11-3-14 Long Buy on positive trading
10-30-14 Long Doji, watch it
10-29-14 Long Buy on positive trading
10-27-14 Long Buy on positive trading
10-24-14 Long Hit target +28%/Buy on positive trading
10-23-14 Long Buy on positive trading
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 Buy on positive trading
10-9-14 Long Buy on positive trading PBO
10-2-14 Long Buy on positive trading
9-25-14 Long Be a profit trader
9-5-14 Long Manage carefully
8-28-14 Long Close on weakness
8-14-14 Long Target hit + 35.5%/Buy on positive trading
8-13-14 Long Target Hit +29%/Buy on positive trading
7-8-14 Long Buy on positive trading

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 in control.

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 a possible bullish snap back.

TLT: A close below the  T-Line ™ implies the bearish short-term swing traders are in control. Yesterday's doji and the last 7 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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