Today's Swing Trade Idea
REXX (Energy Sector Oil and Gas) REXX started its move in early August with a run to the 50-day simple moving average pulling back slightly and closing over the big three on September 15 and showed follow-through yesterday with about 17 1/2% to the 200-day moving average. REXX is looking like a chart we could profit from. Note the energy sector is forming a bullish morning star signal.
My entry plan ideas: To buy above $14.71, yesterday's low
My stop plan: $14.54
SPY: Yesterday the SPY painted a bullish engulf in the candle pattern for the last three days and is a bullish morning star pattern. From early August to early September, the SPY has seen a 5.6% increase with a 1.5% correction in the last couple weeks, falling below the 23.6% retracement. Now the bullish morning star setup has found support on the 34 EMA, and yesterday’s bullish engulf closed back over the 23% retracement, not to mention the 20-day simple moving average and the T-Line. With a good word from the FOMC today, we could see bullish follow-through from the setup that could run to $202.50 and possibly higher in the next few days. Of course, a bad word from the FOMC meeting could send us to the 50-day simple moving average.
IWM: Formed a bullish harami yesterday with a possible short-term low. Positive remarks from the FOMC could send the IWM up through the 20-day simple moving average and higher.
Could you have made money with us? I think so? Check out these winners!
DATA- Featured on September 2 -- 20%er
NEO- Featured on August 19 -- 15%er
ZLTQ- Featured on August 14 -- 34%er
CLVS - Featured on August 13 -- 18%er
ECYT- Featured July 31 -- 40%er
PEIX- Featured July 30 -- 30%er
EGOV- Featured July 29 -- 15%er
UCTT- Featured July 23 -- 13%er
CSUN- Featured July 15 -- 20%er
EXTR- Featured July 14 -- 24%er
DANG- Featured July 11 -- 30%er
BWP- Featured July 16 -- 16%er
KNDI- Featured May 13 -- 78%er
AT- Featured April 4 -- 40%er
Are there losses? Of course there are. Keep those to a 2-5% loss and you win!
Get you membership today - Profit with us
This Week's Economic Calendar---> Click Here
Current Swing Trade Featured Trade Ideas- Gold & Silver Members Only: Become a Member---> Click Here
|Symbols formembers only||Date||Long/Short|
|9-2-2014||Long||Buy on positive trading|
|8-28-2014||Long||Buy on positive trading|
|8-21-2014||Long||Buy on positive trading|
|8-20-2014||Long||Buy on positive trading|
|8-19-2014||Long||Wait for a buy signal|
|8-14-2014||Long||Wait for a buy signal|
|8-13-2014||Long||Wait for buy signal|
|7-31-2014||Long||Wait for buy signal|
|7-30-2014||Long||Watch for pbo|
|7-29-2014||Long||Wait for buy signal|
|7-17-2014||Long||Wait for buy signal|
|7-15-2014||LONG||Wait for buy signal|
|7-8-2014||Long||Buy on positive trading|
|6-16-2014||Long||Buy on positive trading|
|4-14-2014||Buy over 20sma/ Close on weakness|
***Members see the ticker symbols ---> Become a Member Click Here
VXX S&P 500 VIX Short Term Futures: A close below theT-Line ™ implies the bearish short-term swing traders are in control, Yesterday bearish engulf implies a lower low.
USO United States Oil Fund: A close above the T-Line ™ implies the bullish short-term swing traders are in control. The current candle pattern is suggesting buyers are in control.
TLT: A close below the T-Line ™ implies the bearish short-term swing traders are in control. Yesterday's candle implies the sellers are 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.
Members Trade Ideas - Members Only
Keep the inverse ETF's close by and watch them closely they produce good money, fast
Symbols from TC2000