One of Today’s Swing Trade Ideas
SSNI/Long (Computer Systems) SSNI has gone from about $7.50 to $13.90 in about 4 1/2 months. The consolidation the last 3 1/2 weeks has held up well with a bullish morning star on the weekly chart and the daily chart has formed a bullish cradle pattern the last eight days. It is very important that SSNI take on $14.25. A successful breakout should run it to about 17.00.
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Possible entry plan idea:
Possible stop plan idea:
Possible target area:
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SPY: The SPY has formed a bearish “h” pattern below our long-term support trend line and below the big three. It looks like the sellers are trying to push price into the 200 SMA, about $204.85. The next point for the sellers is about $206.00. The buyers need to clear $210.50 to even think about getting any traction today or tomorrow. There are several news events this week that the market may be concerned with; let’s keep our ears open.
IWM: IWM just will not give up, and once again the IWM, in my opinion, is single-handedly holding this market up. Yesterday, it closed above the big three after a scary dip that came right to a support line.
SMH: SMH has formed a dreaded “h” formation followed by a rejection of the 20 SMA.
IYT: Continues to act like a well-maintained vacuum cleaner, sucks well…
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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!
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 | |
| 6.15.15 | Short | Short on weakness | ||
| 6.12.15 | Long | BOPT above T-line | ||
| 6.11.15 | Long | BOPT above T-line | ||
| 6.10.15 | Long | BOPT above T-line | ||
| 6.9.15 | Long | Wait for pbo | ||
| 6.8.15 | Short | Short on weakness | ||
| 6.4.15 | Short | Close for now | ||
| 6.3.15 | Long | Wait for pbo | ||
| 6.2.15 | Long | BOPT above T-line | ||
| 6.1.15 | Long | BOPT above T-line | ||
| 5.30.15 | Long | BOPT above T-line | ||
| 5.29.15 | Long | Target hit!/take your profits | ||
| 5-28.15 | 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 / 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 | ||
| 4.22.15 | Long | BOPT above T-line | ||
| 6.3.15 | Long | close | ||
| 4.13.15 | Long | BOPT above T-line | ||
| 6.3.15 | Long | BOPT above T-line | ||
| 7-8-14 | Long | AAPL still weak |
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 below the T-Line ™ implies the above short-term bearish 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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