Trase Ideas October 30, 2014

Today's Swing Trade Ideas

APT/Long (Healthcare Medical Devices) APT had a huge run a few weeks ago, it's now pulled back to the 50 day simple moving average and near a double bottom. It appears it's gapping this morning and $4.15 will be an important area to hold. APT has the potential of a swing trade of 20% to the 20 day simple moving average and another 37% to the crown.

My entry plan idea:  (Currently own @ 3.78) Buy on positive trading above $4.15
My stop plan idea:    A close below $4.14

Good Morning,

SPY: Yesterday I wrote that if the bulls could defend the 50-day simple moving average and price close above it, I would remain...

SPY: Yesterday I wrote that if the bulls could defend the 50-day simple moving average and price close above it, I would remainbullish. So I'm going into today with a bullish attitude, but the bulls still need to defend the 50-day simple moving average area. Now that the T-Line has moved a bit higher and closer to the 50-day simple moving average, I will also be using the T-Line. So if price was to close below the actual 50-day simple moving average but find support on the T-Line, I will remain bullish as long as we don't see a close below the T-Line. If price closes below the 50 SMA and the T-Line, it would indicate that a bearish blue ice failure is possible rather than just a simple profit taking pull back.

 IWM: Throughout the day in the trading room yesterday, I spoke of IWM and the current deflection point; how to technically draw trend lines crossing at about $114.80 was a tough barrier for the bulls to break through. I've also mentioned several times in the trading room that IWM is in sad shape and how important it is to break through that deflection barrier or about $114.80.   A pullback or minor correction to about the $112.00 area near the T-Line would be very healthy for IWM and from there could gather enough energy to push through the $114.80 area.

A few stocks up or down at the time of this writing

LAKE + PBR + QID +
SPY - FB - EUO -
ALU + NOK - XIV-
VXX+ BUD - LOPE +
TASR + TZA +
QQQ - QTM +
APT + UVXY+
TVIX + IWM -

 

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Members Trade Ideas - Members Only

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

 

Current Swing Trade Featured Trade Ideas- Gold & Silver Members Only:

Symbols formembers only Date  Long/Short Try our Membership, Check out the Trading Room
10-29-14 Long Buy on positive trading
10-27-14 Long Buy on positive trading
10-24-14 Long Buy on positive trading/think profits
10-23-14 Long Close on weakness
10-21-14 Long Buy on positive trading
10-20-14 Long T-Line run
10-17-14 Long Caution/follow the candles
10-14-14 Long Close on weakness
10-9-14 Long Close on weakness
10-2-14 Long Buy on positive trading
9-25-14 Long Buy on positive trading
9-18-14 Long Watch for PBO
9-5-14 Long Buy on positive trading
8-28-14 Long Buy on positive trading
8-14-14 Long Buy on positive trading
8-13-14 Long Target Hit +29%
7-8-14 Long Caution/think profits

VXX S&P 500 VIX Short Term Futures: A close below the T-Line ™ implies the bearish short-term swing traders are in control, Inverted hammer implies bulls are showing up.

Energy Sector: XLE, SX90, ERX A close above the T-Line ™ implies the bullish short-term swing traders are in control. The current candle pattern implies buyers are trying to build a reversal bottom.

TLT: A close below the T-Line ™ implies the bearish short-term swing traders are in control. Yesterday's piercing doji candle implies a test of the T-Line and 20sma.

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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