Trade Ideas October 21, 2014

Today's Swing Trade Ideas

VHC/Long (Technology Software Infrastructure) VHC is set up as one of our Pinball strategies with a double bottom and what looks like a reverse cup and handle. The Pinball setup was actually three days ago, but yesterday the buyers painted a Bullish Engulf closing over the 20 SMA and the T-Line. Based on Pinball rules, we look at the 34 EMA as the target direction and with 39% possible, how can we pass up this trade. Last Tuesday night, the members’ e-learning was dedicated to the Pinball setup. You can find the video in the members’ area under “archived videos.”

My entry plan idea:   An inside day, buy below yesterday's high and above yesterday's low.
My stop plan idea:   A close below the T-Line

 

Yesterday in the trading room we exercised our right to be profit traders:

Closed SHLD for 28.97%,
Closed ESI for 39.74%,
SVXY currently up 10.28% on the profit trader list,
SCOK currently up 8.25% on the profit trader list.
It helps to have over 100 friends in a trading room to talk and trade with. So why not make Hit & Run Candlesticks your "Cheers" Trading Room?

Good Morning,

SPY: Inch by inch the Bulls are taking back what's theirs. For all you T-Line traders or anyone that follows the T-Line, the bullish close yesterday over the T-Line implies the short-term bullish swing traders are in control. The next flag that the buyers need to capture is $192.70; a close above $192.70 would put the buyers above the 200-day simple moving average and above the 50% retracement of the bearish run we've experienced. A little consolidation and basing from there would set the buyers up for taking on the 20 SMA and 50 SMA.

Please be cautious; the bulls are currently in bear country, and at any time, a bear could awaken.

IWM: IWM has successfully closed over the T-Line and the 20-day simple moving average. Before IWM can take on the 50-day simple moving average, it will have to capture the $109.94 flag.

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
10-20-14 Long Buy on positive trading/ profit taking soon
10-17-14 Long Buy on positive trading
10-14-14 Long Buy on positive trading
10-9-14 Long Caution
10-2-14 Long T-Line stop
9-30-14 Long Buy on positive trading/watch for profit taking
9-25-14 Long Buy on positive trading
9-18-14 Long Buy on positive trading
9-5-14 Long Wait for it
8-28-14 Long Buy on positive trading
8-14-14 Long Buy on positive trading
8-13-14 Long Buy on positive trading
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 a lower low is likely.

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 implies consolidation.

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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