Trade Ideas October 13, 2014

Today's Swing Trade Ideas

No featured trade idea today,

Trading is not always about looking for the next hot stock, it's also about managing what you have.

My entry plan idea:

My stop plan idea:

Beware Profit Traders we are entering earnings season

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

Good Morning

SPY: Is the SPY on the 200-period moving average? Yes, it is. Could this mean a possible bounce? Yes, it could. This kind of bottom picking can shake the coin from the savviest of traders because the savviest of traders realize the trend is still down. The sellers disguised as bears are still in control of this market, pushing price lower and lower. The savvy trader knows to wait for a qualified reversal signal/pattern which takes three days at a minimum to form, and that's under good conditions. Today, the sellers will try to push price below $190.49 and the buyers will try to capture $193.36 or above; anything in between is just noise and craziness.

IWM: As of the close on Friday, I see IWM continuing lower due to the lack of a bullish reversal sign. An easy way to spot signs of a possible reversal is bullish candlesticks with follow-through and a close back over the T-Line changing from closing below the T-Line. The sellers disguised as bears are still in control of this market. Stay cautious!

Members Trade Ideas - Members Only

In the members area you will find 10-15 trade ideas every day

No trade ideas today, trading is not about always looking for the next hot stock, it's also about managing what you have.

 

Current Swing Trade Featured Trade Ideas- Gold & Silver Members Only:

Symbols formembers only Date  Long/Short Try our Membership, Check out the Trading Room
10-9-14 Long Buy on positive trading
10-8-14 Long Close
10-3-14 Long Close and wait
10-2-14 Long Close and wait
9-30-14 Long Buy on positive trading
9-25-14 Long Buy on positive trading
9-18-14 Long Close and wait
9-17-14 Long Close
9-5-14 Long Manage trade
9-2-14 Long Close on weakness
8-28-14 Long Caution
8-14-14 Long Buy on positive trading
8-13-14 Long Close and wait
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 buyers are in control.

USO United States Oil Fund: A close below the T-Line ™ implies the bearish short-term swing traders are in control. The current candle signal implies a possible short term bottom is starting to form.

TLT: A close above the T-Line ™ implies the bullish short-term swing traders are in control. Yesterday's candle implies buyers are still in control.

The above are just my thoughts to myself just thought I would share with everyone.

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.

Rick

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