One of Today’s Featured Trade Ideas
TSU/Long (Telecom Services) TSU should be played as a Rounded Bottom Breakout (RBB) that has run and has now pulled back forming a bullish flag. Yesterday’s closing candle was a bullish piercing candle with the T-Line at $16.25 as support. To learn more on how to trade TSU, check out our 2-week membership trial and join us in the trading room today.
TSU Trading Plan (Entry, Stop, Target) Click Here
Possible entry plan idea: The buy box $16.25 – $16.85
Possible stop plan idea: A close below $16.25-ish
Possible target area: $18.23-ish, $18.95-ish, $20.30-ish
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Good Morning,
SPY: Looking back to about mid-April and yesterday’s close, the SPY has swung both bullish and bearish with a center line of approximately $211. Yesterday’s close put us back under the center line in bearish territory, also closing below the big three. The morning futures look as if we’re going to open above the $211.00 center line and the big three. Right now, I simply think it will drive you crazy trying to judge your trading based on this market. The overall market is not very adventurous and seems to be content with just moving sideways. At Hit-And-Run Candlesticks and the trading room, we have been able to find excellent trades providing you are willing to take the profits and not be overly greedy.
IWM: Looking back to the same time frame (mid-April), IWM has fared much better. After finding support near the 100 SMA about $121.10, it ran to the $128.85 area, now pulling back but still holding above the T-Line.
SMH: SMH is trying to find support and construct a bottom around the 50-day SMA. $58.53 is the challenge for the Bulls.
IYT: I think somebody put the wrong gas in the Transports. Every time it tries to break through resistance, the engine just spits and sputters. The close yesterday came right back to the recent support area of $148.55-ish, still room to fall a little more, but then again, it might try to spit and sputter but go nowhere.
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!
AAOI
ACLS
ALDR
BV
FTK
MNGA
NGL
NM
REXX
TSU
VBLT
VNDA
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 | |
| TSU | 6.25.15 | Long | BOPT above T-line | |
| MOBI | 6.24.15 | Long | BOPT above T-line | |
| CERS | 6.23.15 | Long | BOPT above T-line | |
| ATNM | 6.22.15 | Long | BOPT above T-line | |
| MBLY | 6.17.15 | Long | BOPT above T-line | |
| SSNI | 6.16.15 | Long | Caution | |
| MX | 6.12.15 | Long | BOPT above T-line | |
| ANTH | 6.11.15 | Long | Caution | |
| GENE | 6.10.15 | Long | Close or manage | |
| AOI | 6.9.15 | Long | BOPT above T-line | |
| FENG | 6.3.15 | Long | Watch for PBO | |
| SSE | 6.2.15 | Long | Close on a weak candle | |
| EHTH | 6.1.15 | Long | BOPT above T-line | |
| EYES | 5.30.15 | Long | BOPT above T-line | |
| NQ | 5.29.15 | Long | Watch for PBO | |
| GERN | 5.21.15 | Long | BOPT above T-line | |
| ECOM | 5.20.15 | Long | BOPT above T-line | |
| BLOX | 5.19.15 | Long | BOPT above T-line | |
| TAHO | 5.13.15 | Long | close | |
| UWTI | 5.6.15 | Long | BOPT above T-line | |
| TZA | 4.28.15 | Long | Start watching | |
| GILD | 4.22.15 | Long | Getting toppy | |
| FEYE | 4.13.15 | Long | Profit taking here | |
| NES | 6.3.15 | Long | BOPT above T-line | |
| AAPL | 7-8-14 | Long | BOPT above T-line |
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 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 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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