Today's Swing Trade Ideas
SIMO/Long (Technology Sector Semiconductors) SIMO gapped over the big three yesterday from a doji continuation pattern, also known as a doji sandwich. I am looking for about 12% on SIMO.
My entry plan idea: Buy at the open to negotiate a better price
My stop plan idea: A close below 26.82
SPY: Who has the ball? Well, the bears do. There are two great patterns to look for when trading short: blue ice failure and the dreaded "h" pattern. And when the dreaded "h" pattern is a blue ice failure, your probability of success is doubled. When you look at your SPY chart, can you see it? If not, give us a try in our trading room and I will teach you!
The bears still have control over the trend and price still trades on the sellers’ side of the T-Line, and yesterday's candle signal implies bears are in control.
IWM: IWM has drawn a double "M" top which is a bearish pattern. Can you find the bearish "h" pattern this last week or so? Price still trades below the T-Line -- bears 1, bulls zip! Yesterday's gap down and close on weakness implies the sellers are in charge.
Need help knowing when a bottom has formed? Hit & Run Candlesticks can help.
Beware Profit Traders we are in earnings season
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||Caution/wait for a PBO|
|10-2-14||short||Close the sort, good earnings now a long|
|10-1-14||Short||Cover on strength|
|9-30-14||Long||Buy on positive trading|
|9-25-14||Long||wait for a PBO|
|9-18-14||Long||Wait for buy signal|
|9-5-14||Long||Buy on positive trading|
|9-2-14||Long||Buy on positive trading|
|8-28-14||Long||Watch for buy signal|
|8-14-14||Long||Needs a buy signal|
|8-13-14||Long||Buy on positive trading|
|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 bullishness.
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 weakness
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.