One of Today’s Featured Trade Ideas
MX/Long (Technology) MX in the last four days has printed a Doji, hammer, inside day and a bullish gap closing above the T-Line and the 20 SMA. This is all on the daily chart. On the three-day chart, you can see a bullish morning star signal. Not to mention, it’s a Rounded Bottom Breakout with 20% to the 200 SMA.
MX Trading Plan (Entry, Stop, Target) Click Here
Something to think about:
Rule #10: Trade with a K.I.S.S plan
SPY: Yesterday the buyers blew it when they lost control of the morning gap and the sellers ran with price closing is back below the 200 SMA. It appears once again this morning that the buyers will try to put a bullish game together. Janet Yellin speaks today at 12 noon, and assuming she says the right things, the buyers have a good chance of closing us up over the T-Line today. A close over $208.27 and we would have a bullish bottom constructed.
IWM: IWM needs to close over the 50-day simple moving average, or better yet, $124.75. I believe this will give the Bulls the energy that it needs.
SMH: Still needs to construct a bottom.
IYT: A close over $148.50 would get my attention.
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!
To see all of today’s 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 | |
| 7.9.15 | Long | BOPT above T-line | ||
| 6.30.15 | Short | Short on weakness | ||
| 6.29.15 | Short | caution | ||
| 6.25.15 | Long | Possible double bottom | ||
| 6.23.15 | Long | BOPT | ||
| 6.22.15 | Long | Wait for buy signal | ||
| 6.17.15 | Long | BOPT above T-line | ||
| 6.12.15 | Long | BOPT above T-line | ||
| 6.11/7.1 | Long | close | ||
| 6.9.15 | Long | BOPT above T-line | ||
| 5.30.15 | Long | Wait for PBO/caution! | ||
| 5.21.15 | Long | Caution | ||
| 4.28.15 | Long | Close for now | ||
| 4.13.15 | Long | BOPT above T-line | ||
| 7-8-14 | Long | Protect your short profits |
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 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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