ATNM/Long ( Biotechnology ) Friday’s closing candle covered a great deal of ground closing bullishly back above the big three after revisiting the support area. ANTM is one of our Rounded Bottom Breakout (RBB) patterns.
ATNM Trading Plan (Entry, Stop, Target) Click Here
Possible entry plan idea: The buy box
Possible stop plan idea: A close below
Possible target area:
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SPY: For the past nine trading days, the SPY has acted quite well printing a double bottom and a higher high. With a small correction Friday, but still closing over the big three, the buyers are still showing strength and control. Giving the SPY a little room of about $210.20 is an area that the buyers need to keep price above. A good bullish goal would be to close above $212.48.
IWM: IWM could be in a Bullish Doji continuation pattern (Doji sandwich) with the first target around $128.75 and currently about $126.20 support.
SMH: SMH looks as if it wants to take on the $58.80 area; currently the buyers have drawn a nice bullish chart pattern with a double bottom and a higher high. I also see a bullish Doji continuation pattern in the mix.
IYT: IYT is desperately trying to build a reversal bottom; over $154.15 will give them kudos and a blue ribbon.
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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 | |
| 6.22.15 | Long | BOPT above T-line | ||
| 6.17.15 | Long | BOPT above T-line | ||
| 6.16.15 | Long | BOPT above T-line | ||
| 6.12.15 | Long | BOPT above T-line | ||
| 6.11.15 | Long | BOPT above T-line/ took profits | ||
| 6.10.15 | Long | BOPT above T-line | ||
| 6.9.15 | Long | BOPT above T-line | ||
| 6.8.15 | Short | Cover on positive trading | ||
| 6.3.15 | Long | BOPT above T-line | ||
| 6.2.15 | Long | Watch for PBO | ||
| 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 | ||
| 5.21.15 | 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 | Wait for pattern | ||
| 5.6.15 | Long | BOPT above T-line | ||
| 4.28.15 | Long | No trade | ||
| 4.22.15 | Long | BOPT above T-line | ||
| 4.13.15 | Long | BOPT above T-line/ profit taking soon | ||
| 6.3.15 | Long | BOPT above T-line | ||
| 7-8-14 | Long | AAPL still no trade |
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.
SMH: A close above the T-Line ™ implies the bullish 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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