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.

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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.

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