One of Today’s Swing Trade Ideas
G/Short (Industrials sector) G’s weakness since its March highs and its failed attempts to show strength above the big three suggest that the sellers have the upper hand. The past two weeks, the bearish architect is drawing a bearish “h” pattern starting with the bearish left/right combo on May 21. A successful breakdown could lead to the 200 day SMA near 11% profit.
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Good Morning,
SPY: Friday the SPY closed with a Doji at $209.77 below the 50 SMA and below our uptrend support line. This puts $208.60 and $207.40 in bear striking distance. With the technical bearish breach, we saw in the SPY last week that a one-candle reversal signal is very unlikely to have anybullish follow through; therefore, a reversal pattern is required. Currently, with price below the T-Line, this is suggesting the sellers have control.
IWM: Last week IWM did just about the opposite of the SPY with IWM closing over the big three, and the T-Line suggests the Bulls are in charge. Friday’s Bullish Engulf holding well into Friday’s close suggest the Bulls may try for the $126.30 level, but while looking at the Diamonds and the QQQ’s, I’m afraid that IWM will be all by itself. I guess time will tell if they can put their plan together.
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 | |
| 6.8.15 | Short | Short on weakness | ||
| 6.4.15 | Short | Short on weakness | ||
| 6.3.15 | Long | Target hit | ||
| 6.2.15 | Long | Could pullback | ||
| 6.1.15 | Long | Watch for buy signal | ||
| 5.30.15 | Long | BOPT above T-line | ||
| 5.29.15 | Long | Target hit!/BOPT | ||
| 5-28.15 | Long | 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 / Caution | ||
| 5.13.15 | Long | BOPT above T-line | ||
| 5.6.15 | Long | BOPT above T-line | ||
| 4.28.15 | Long | Keep on watch list | ||
| 4.23.15 | Long | Close | ||
| 4.22.15 | Long | BOPT above T-line | ||
| 6.3.15 | Long | BOPT above T-line | ||
| 4.13.15 | Long | BOPT above T-line | ||
| 6.3.15 | Long | BOPT above T-line | ||
| 3.30.15 | Long | BOPT above T-line | ||
| 6.3.15 | Long | BOPT above T-line | ||
| 3.6.15 | Long | BOPT above T-line | ||
| 7-8-14 | Long | Sellers are in control |
VXX S&P 500 VIX Short Term Futures: A close above the T-Line ™ implies the bullish 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.
SMH: 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.
US Dollar Index: UUP, DXYO A close below the T-Line ™ implies the bearish 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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