One of Today’s Swing Trade Ideas
NQ/Long (Technology sector) NQ became a Rounded Bottom Breakout yesterday with a close above the big three and the 100 SMA as a bonus. NQ has the potential to produce 15% to 25% profit in the near term.
NQ Trading Plan (Entry, Stop, Target) Click Here
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What Hit & Run Candlesticks does for many traders:
A big thanks to Rick and the H&R gang in the trading room! Yesterday I sold my RENN for a 29% profit. Still holding MNHD @ 31% profit.
Thanks again! Sam in TX.
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Good Morning,
SPY: There are several components that we use to gauge the overall market; two of them semiconductors using the ETF symbol SMH, and the other one is the transports using the ETF symbol IYT. I believe these two indexes can give insight on the market, and right now they are in serious conflict. The semiconductor SMH is bullish with a terrific chart pattern soaring to new highs, but the transportation index ETF has had its fair share of troubles with a bearish top and continued bearish follow-through. Even the 50 SMA has crossed down through the 200 SMA,which many traders look at as a “death cross.” Yesterday’s bullish Harami in IYT was merely an oversold relief rally bounce. It has yet to prove that it’s going anywhere other than its overall direction which is down. These two indexes are causing conflict in the entire market as the market is trying to figure it out. This creates conflict, not only in the markets, but with the trader as well. Lately, I myself feel like a great big Doji.
IWM: From early May to the close of yesterday, IWM has put in a beautiful bullish chart pattern, but we must take in the entire canvas of this painting. The IWM painting has yet to break out of the lower high downtrend line and is one penny shy of a tweezer top on May 21 and 22nd.
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!
Members 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.
| Members only | Date | Long/Short | Try our Membership, Check out the Trading Room | |
| 5-28 | Long | BOPT above T-line | ||
| 5.21.15 | Long | BOPT above T-line | ||
| 5.20.15 | Long | BOPT above T-line | ||
| 5.19.15 | Long | BOPT above T-line Earrings today | ||
| 5.13.15 | Long | Wait for buy signal | ||
| 5.6.15 | Long | Wait for buy signal | ||
| 5.4.15 | Long | BOPT above T-line | ||
| 4.28.15 | Long | Keep on watchlist | ||
| 4.27.15 | Long | BOPT above T-line | ||
| 4.23.15 | Long | BOPT above T-line | ||
| 4.22.15 | Long | BOPT above T-line | ||
| 4.14.15 | Long | BOPT above T-line | ||
| 4.13.15 | Long | BOPT above T-line | ||
| 4.10.15 | Long | Watch the 50sma | ||
| 3.30.15 | Long | BOPT above T-line/raise stop | ||
| 3.24.15 | Long | Protect profits | ||
| 3.6.15 | Long | BOPT above T-line | ||
| 1.22.15 | Long | BOPT above T-line | ||
| 7-8-14 | Long | Cash for now |
VXX S&P 500 VIX Short Term Futures: A close below the T-Line ™ implies the bearish short-term swing traders are in control.
Energy Sector: XLE, SX90, ERX, USO A close below the T-Line ™ implies the bearish short-term swing traders are in control.
TBT: A close below the T-Line ™ implies the above short-term bearish swing traders are in control. At some point TBT in a bullish stance will put pressure on the bullish market.
US Dollar Index: UUP, DXYO A close above the T-Line ™ implies the bullish short-term swing traders are in control.
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.
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