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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