Today's Swing Trade Idea
BLOX (Technology Sector Communication Equipment) Yesterday confirmed a Bullish Engulf closing over the T-Line and the 20 day simple moving average in Our Rounded Bottom Breakout chart pattern. With 40% to the 200 day simple moving average and 20% to the 17.15 mid-target I think we can all profit. In $1000 investment at 20% would make a $200 profit. A $10,000 investment at 20% would make it $2000 profit.
My entry plan ideas: Will be to buy today above yesterday's low
My stop plan: Yesterday's low
SPY: The most important number for the spy will be yesterday's low, 197.52 because if yesterday was the start of a bullish reversal coming off the 50 day simple moving average and support in yesterday's low needs to hold. Whether or not we see a bullish rally from here or a bearish drop we could see a few days of consolidation around the 50 day simple moving average.
IWM: Painted a Bullish Engulf yesterday and as we know with candlestick signals confirmation is required and confirmation need not produce the very next day. With that said yesterday's low on IWM will be very important for the Bulls to defend.
If you traded TZA this past week from our featured list, drop me a note let me know how you did. Same with GPRO, GPRO was our featured trade idea yesterday, let me know how you did. [email protected]
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|Symbols formembers only||Date||Long/Short|
|9-23-2014||S||Cover on positive trading|
|9-18-2014||Long||Buy on positive trading|
|9-18-2014||Long||Wait for buy signal|
|9-2-2014||Long||Buy on positive trading|
|8-28-2014||Long||Buy on positive trading|
|8-21-2014||Long||Buy on positive trading|
|8-19-2014||Long||Buy on positive trading|
|8-14-2014||Long||Wait for buy signal|
|8-13-2014||Long||Wait for buy signal|
|7-31-2014||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 over 20sma/ Close on weakness|
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VXX S&P 500 VIX Short Term Futures: A close above theT-Line ™ implies the bullish short-term swing traders are in control, Yesterday's candle implies sellers are interested
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 buyer interest.
TLT: A close above the T-Line ™ implies the bullish short-term swing traders are in control. Yesterday's candle implies the sellers are trying to take 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