Trade Ideas October 6, 2014

 

Today's Swing Trade Ideas

BLOX/Long (Technology/Communication Equipment) BLOX was a featured trade idea on September 25 and remained on our members’ featured list.  Wednesday, Thursday and Friday of last week, BLOX entered the PBO (pullback opportunity) area.  BLOX is poised to breakout of the bullish J-Hook pattern headed for the 200-day moving average.

My entry plan idea:   (All ready long) I will be adding more to my BLOX above 15.28

My stop plan idea:  A close below the T-Line

Good Morning,

SPY:  After the dramatic drop away from the T-Line on Wednesday of last week, the SPY has rallied from the Thursday lows to catch up to the T-Line on Friday.  As a kid, did you ever play “capture the flag”?  Well, think of the daily 50-period simple moving average as the flag and the buyers are trying to capture the flag or rather they desperately need to capture the flag.  As of the Friday close, price action is still trending down below the T-Line and the big three.  I do suspect we see a test of the 50-day simple moving average.  The question will be if the buyers capture the 50 SMA.

IWM:  IWM has come from a bullish harami Thursday to a gap-up doji on Friday closing just under the T-Line.  Just like I mentioned in the SPY comment, the buyers or bulls need to capture the 50 SMA flag.  The buyers or bulls need to capture the T-Line flag on IWM.  We had to lower the goal on IWM because price is a bit far from the 50 SMA.

Beware Profit Traders we are entering earnings season

Members Trade Ideas -  Members Only

In the members area you will find 10-15 trade ideas every day

14 more trade ideas in the members area

This Week's Economic Calendar---> Click Here

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

Symbols formembers only Date  Long/Short Try our Membership, Check out the Trading Room
10-3-14 Long Buy on positive trading
10-2-14 short Can be shorted on weakness
10-1-14 Short profits yesterday
9-30-14 Long Buy on positive trading
9-29-14 Long Buy on positive trading
9-18-14 Long Buy on positive trading
9-18-14 Long Wait for buy signal
9-17-14 Long Close/waiting for a buy signal
9-5-14 Long Close for now
9-2-14 Long Buy on positive trading
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/watch for buy signal
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  profit taking.

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 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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