Trade Ideas October 2, 2014

 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

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
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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