Trade Ideas October 15, 2014

Today's Swing Trade Ideas

TKMR/Long (Healthcare Sector Biotechnology) With the near hammer signal on October 8 followed by for Doji's TKMR looks poised to retest the recent high of October 3 which is about 25% away

My entry plan idea:   (Currently own) will add on positive trading above the T-Line
My stop plan idea: About 22.47

TKMR Featured trade idea on October 9 - has had for indecision Doji's walking the 20 day simple moving average. TKMR looks poised for a bullish move.

Good Morning,
SPY: Measuring from the 2011 highs to the most recent highs, the SPY is about 1/2% from the 23.6% Fibonacci retracement line. This area of about $186.50 could prove to be an important pivot area for the SPY, and a breakdown could lead us to the 32.8% retracement line near $177.00.   Of course it's all dependent on whether the bulls can put together a buy signal with follow-through and a series of higher lows.

As of the close yesterday, the bears are in total control with price continuing to close below the T-Line and no buy signals with follow-through in sight.

IWM: Continues to look troublesome with topping signals above the big 3 about the $118.0 area (a month ago) with bearish follow-through, cracking the big three moving averages as if they were fragile egg shells. The T-Line has proven to be strong resistance for IWM from September 19 to yesterday’s close.

It's only logical to trade in the overall direction of the market; therefore, be careful not to force trades to the long side just yet.

With that said, you will find many of us in the live trading room that trade both long and short making money on both on any given day. With the talent in Our Trading Community, you can't go wrong.

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

 

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

Symbols formembers only Date  Long/Short Try our Membership, Check out the Trading Room
10-14-14 Long Watch for a bullish signal
10-9-14 Long Buy on positive trading
10-3-14 Long Bullish Harami yesterday
10-2-14 Long Doji double bottom
9-30-14 Long Buy on positive trading
9-25-14 Long Buy on positive trading
9-18-14 Long Doji double bottom
9-5-14 Long T-Line run
8-28-14 Long Caution
8-14-14 Long Buy on positive trading/reversal setting up
8-13-14 Long Buy above T-Line
7-8-14 Long Caution

 

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, consolidation likely very soon.

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 sellers want it lower.

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, J-Hook breakout getting extended.

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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