Trade Ideas October 8, 2014

 

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

Good Morning,

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

Members Trade Ideas -  Members Only

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

 

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
9-17-14 Long Get ready
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.

Rick

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