Today’s Swing Trade Ideas
CAMP (Communication Equipment) CAMPIs breaking down from a downward base and a blue ice failure pattern on the daily chart. The weekly chart is also below the 50 period Moving average and looks to be headed toward the 200 simple moving average.
My entry plan idea: Will be to wait for a relief rally in short this trade at a better price, near 16.90 maybe
My stop plan idea: Bullishness over 15.51
Good Morning,
SPY: Another seller’s day in the market yesterday. With yesterday’s gap down and a close to the dark side, it’s beginning to look evident that the 200-period moving average is a probable target. Even if the market gives us a relief rally, there is still a high probability of lower lows; in other words, the bottom is not in as of yesterday’s close. Members of Hit & Run Candlesticks are very familiar on how bottoms are formed, and construction has been made and a minor trend has started.
IWM: IWM has once again fallen to a support double bottom which pretty much means nothing without bullish price action confirming a bullish move. It’s very important not to pick a bottom. Most successful traders find this to be a losing proposition and most frustrating.
October 2 – jobless claims 8:30 AM
October 3 – employment situation 8:30 AM/international trade 8:30 AM
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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 | |
| 9-30-14 | Long | Buy on positive trading | ||
| 9-29-14 | Long | Stops set? | ||
| 9-18-14 | Long | Buy on positive trading | ||
| 9-18-14 | Long | Wait for buy signal/should be stopped out | ||
| 9-17-14 | Long | Close | ||
| 9-5-14 | Long | Protect your profits | ||
| 9-2-14 | Long | To the 50sma | ||
| 8-28-14 | Long | Watch for buy signal | ||
| 8-19-14 | Long | Watch for buy signal | ||
| 8-14-14 | Long | 50sma support? Watch for buy signal | ||
| 8-13-14 | Long | Buy on positive trading | ||
| 7-31-14 | Long | close on weakness | ||
| 7-8-14 | Long | Buy on positive trading/ Caution |
VXX S&P 500 VIX Short Term Futures: A close above the T-Line ™ implies the bullish short-term swing traders are in control, Yesterday’s candle implies buyers are in control With a slight pullback in the wind.
USO United States Oil Fund: A close above the T-Line ™ implies the bullish short-term swing traders are in control. The current candle pattern is suggesting sellers are in control.
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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