Today’s Swing Trade Idea
TZA (Small Cap Bear 3X) Has formed a bullish engulf with follow-through closing over the T-Line. Today or early next week we could see a close over the 50-day SMA.
My entry plan ideas: Already own, buy over the T-Line
My stop plan: Close below the T-Line
Good Morning,
SPY:The candle formation is suggesting we see a lower low today and a high possibility of a close below the T-Line.
IWM: Bearish engulf followed by follow-through, closing below the T-Line, likely target is the 50-day SMA then the 200-day SMA.
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| Symbols formembers only | Date | Long/Short | ||
|---|---|---|---|---|
| DATA | 9-2-2014 | Long | Profit taking likely | |
| GALT | 8-28-2014 | Long | Short term profit taking | |
| COH | 8-21-2014 | Long | Buy on positive trading | |
| CHGG | 8-20-2014 | Long | Wait for buy signal | |
| NEO | 8-19-2014 | Long | Buy on positive trading | |
| FREE | 8-15-2014 | Long | Close for now | |
| ZLTQ | 8-14-2014 | Long | Profit taking likely | |
| CLVS | 8-13-2014 | Long | Wait for buy signal | |
| SPEX | 8-12-2014 | Long | Close for now | |
| TVIX | 8-6-2014 | Long | Watch for buy signal | |
| ECYT | 7-31-2014 | Long | Buy on positive trading | |
| PEIX | 7-30-2014 | Long | Take profits | |
| EGOV | 7-29-2014 | Long | Close take profits | |
| UCTT | 7-23-2014 | Long | Close | |
| PLUG | 7-21-2014 | Long | Close on weakness | |
| VIP | 7-17-2014 | Long | Buy on positive trading | |
| CSUN | 7-15-2014 | LONG | Buy on positive trading above 50sma | |
| EXTR | 7-14-2014 | Long | Close on weakness | |
| DANG | 7-11-2014 | Long | Close on weakness | |
| AAPL | 7-8-2014 | Long | Close on weakness | |
| TSEM | 7-7-2014 | Long | Buy on positive trading/ be a profit trader | |
| BWP | 6-16-2014 | Long | Close on weakness | |
| KNDI | 5-13-2014 | Long | Close weakness | |
| ISR | 4-14-2014 | Buy over 20sma/ Close on weakness | ||
| AT | 4-9-2014 | Long | Close | |
| HK | 2-25-14 | 200sma | Be ready |
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VXX S&P 500 VIX Short Term Futures: A close below theT-Line ™ implies the bearish short-term swing traders are in control, the candle pattern is suggesting a short term bottom is starting to build.
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 consolidation
GDX Gold Miners ETF: A below the T-Line ™ implies the bearish short-term swing traders are in control. Yesterday’s candle implies the sellers 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.
— 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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