Trade Ideas September 26, 2014

Today's Swing Trade Idea

No featured trade idea today
My entry plan ideas:

Good Morning,
SPY: It's my opinion the market is beginning to form a top and we should see price fall further yet. It's also my opinion that we will see relief along the way. Until I see a bullish bottom constructed, I will lean toward more short setups and inverse ETF long trades. I will pick up a few long trades, but I will also tighten up my rules on profit taking and stops.

In the SPY as of yesterday, the sellers continue to control the trend below the T-Line, and as we know, when price falls below the T-Line, we must see a buy signal and pattern before we become buyers. Yesterday's candle close below the previous day's low, which was a very important number for the Bulls to defend, about $193.25 is what the sellers are looking for, expect bullish relief rallies but the bears aren't finished.

IWM: IWM found a double bottom support line and could trigger a bullish relief rally ,but in my opinion, the sellers will be back. Trade cautious and have a plan.

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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
9-17-2014 Long Close
9-5-2014 Long Buy on positive trading
9-2-2014 Long Caution
8-28-2014 Long Close on weakness
8-21-2014 Long Close on weakness
8-19-2014 Long Buy on positive trading
8-14-2014 Long Close on weakness
8-13-2014 Long Close on weakness
7-31-2014 Long Buy on positive trading
7-15-2014 LONG Close on weakness
7-8-2014 Long Close on weakness
6-16-2014 Long Close on weaknessakness

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VXX S&P 500 VIX Short Term Futures: Aclose above theT-Line ™ implies the bullish short-term swing traders are in control, Yesterday's candle implies buyers are in control

USO United States Oil Fund: Aclose above the T-Line ™ implies the bullish short-term swing traders are in control. The current candle pattern is suggesting continuation.

TLT: Aclose above the T-Line ™ implies the bullish short-term swing traders are in control. Yesterday's candle implies the buyers 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.

— Rick


Members Trade Ideas - Members Only
Keep the inverse ETF's close by and watch them closely they produce good money fast.
Symbols from TC2000

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