One of Today’s Featured Trade Ideas

EGRX/Short (Healthcare) Early August, EGRX formed a bearish Shooting Star with sellers’ follow-through.  After breaking down below the 50-day simple moving average, price has now come back up for retest.  On the two-hour chart, price has already failed my double deuces, and price could very easily fail the double deuces on the four-hour chart today.

I will be covering more on the Featured Trade Idea (entry, stop, targets) in the trading room at 9:10 AM EDT today.

EGRX Trading Plan  (Entry, Stop, Target)  Members Only
Possible entry plan idea:   The Short zone $ – $
Possible stop plan idea:   Stop above $
Risk Reward about: :1

Why should I be in the H&R Trading Room?

ABMD should be closed, Great job members if you collected your 45% $$$$
ACI member’s trade idea on August 28, up 265 %
UVXY member’s trade idea on August 19, up 161%
TZA member’s trade idea on August 6, up 37%
BTU member’s trade idea on August 20, up 54%
FTK  member’s trade idea on July 10, up 40%
VXX  member’s trade idea on August 21, up 52%
Not to mention the education you receive!

For only $21.22 a week.  Learn and Earn at the same time!
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SPY:   The SPY looks like one of our targets of $193.60 is going to get tagged today (OUCH!).   Over the last month or two and definitely the last few weeks, we have been posting more and more short setups and members’ short trade ideas.  This is because we have seen the market build a bearish top and show sellers’ follow-through.  The indices continue to show that sellers are in control, and that’s perfectly fine if you are in the correct trades.  Recently, we took on two shorts (TSLA and FOLD) which are currently paying well.  That was on our members’ trade list yesterday are (CTRP and LOGM) which still look good.
Be careful trying to pick charts that you think are in a bottom, At Hit-And-Run Candlesticks we believe the best trading is when a stock is in a trend.

IWM:   It’s starting to look like the August lows may be in.  Price on the three-day chart has now broken down below our two deuces and the cloud.  Don’t fight the trend.

SMH:  $45.85 may soon be tested.
IYT:   Watch for $137.35.

This Week’s Economic Calendar—> Click Here

Each day 10 -15 stocks are posted in the members area that I believe are poised to move 10-20% (maybe more) within the next few days based on the charts. As you know some work and some don’t…Welcome to trading. Please follow your trading rules for entry stops and profits. Remember to check for earnings!
Keep your eye on the inverse ETF’s They trade well!
Symbols from TC2000

———-Short

To see all of today’s trade ideas Click Here

Investing and Trading involves significant financial risk and is not suitable for everyone. No communication or chat sessions should be considered as financial or trading advice. All information is intended for Educational Purposes Only.

VXX S&P 500 VIX Short Term Futures:  A close above the T-Line ™ implies the bullish short-term swing traders are in control.  A close below the T-Line ™ implies the bearish short-term swing traders are in control.

Energy Sector: XLE, SX90, ERX, USO  A close above the T-Line ™  implies the bullish short-term swing traders are in control. A close below the T-Line ™ implies the bearish short-term swing traders are in control.

SMH: A close above the  T-Line ™ implies the above short-term swing traders are in control. A close below the T-Line ™ implies the bearish short-term swing traders are in control.

IYT: A close above the  T-Line ™ implies the above short-term bullish swing traders are in control. A close below the T-Line ™ implies the bearish short-term swing traders are in control.

US Dollar Index: UUP, DXYO A close above the  T-Line ™  implies the bullish short-term swing traders are in control. A close below the T-Line ™ implies the bearish short-term swing traders are in control.  Learn more about the T-Line – Click Here

The information in this email and Blog Post are notes to myself and should NOT be construed as financial or trading advice.

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.

Investing and Trading involves significant financial risk and is not suitable for everyone. No communication or chat sessions should be considered as financial or trading advice. All information is intended for Educational Purposes Only.

http://hitandruncandlesticks.com Trading for Profit is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not tell or suggest which securities or currencies customers or subscriber should buy or sell. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here.