Today’s Swing Trade Ideas

ANAC/Long (Healthcare Biotechnology) ANAC is poised to break out of $27.28. The bullish trend has allowed a pull back to the 50-day moving average forming a very nice little rounded bottom J-Hook chart pattern. The $29.50 area could be the next target.

My entry plan idea:   Buy on positive trading above the T-Line and 20 SMA or a breakout
My stop plan idea:   A close below $24.14

Good Morning,

SPY: Friday’s Doji close below the T-Line implies the sellers are still in control of the T-Line trend…

The buyers did make an impressive end-of-week run, but unfortunately all they really did was trade within last week’s knee-jerk low and the T-Line. Based on last week’s price action and Friday’s close, I will be putting emphasis on the T-Line and the 200-day moving average. This is the area that the buyers will need to control and take from the sellers. Last week, the buyers did break ground on possibly constructing a reversal bottom. Although more construction is needed to support last week’s low

IWM: IWM maintained its close over the T-Line last week, even though based on Friday’s candle, you would have to give it to the sellers. The buyers did defend the T-Line. A close below $107.20 would put a great deal of pressure on the buyers and a slip from there could be very dangerous. A close above $107.20 would indicate the buyers are hanging around possibly making a plan. Be careful; we could see a lot of chopping around in the market for a few days.

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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:

VXX S&P 500 VIX Short Term Futures: A close above the T-Line ™ implies thebullish short-term swing traders are in control, Yesterday’s candle implies buyers are tying find support near the T-Line

USO United States Oil Fund: A close below the T-Line ™ implies the bearish short-term swing traders are in control. The current candle pattern implies buyers are trying to build a short term bottom.

TLT: A close above the T-Line ™ implies the bullish short-term swing traders are in control. Recent candles imply profit taking underway.

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