One of Today’s Featured Trade Ideas
ADTN/Long (Technology/Communication) Rounded Bottom Breakout pattern, double bottom, scoop pattern. Earnings Wednesday
ADTN Trading Plan (Entry, Stop, Target) Click Here
Something to think about:
Rule #13 – What goes up must come down.
SPY: It looks like the SPY is trying to form a short-term bottom. Friday’s close was impressive, closing above the T-Line and increasing volume. $208.27 July 2 high is the fence that the Bulls need to jump over to get the game started. Unfortunately, there is a tremendous amount of resistance overhead with the 20- and the 50-simple moving averages, not to mention the bearish head and shoulders formation.
IWM: We need to see a reversal chart pattern in IWM. One scenario might be a close over the 50-day simple moving average then consolidation or a pullback to create a higher low or a double bottom, then a bullish rally that closes over that first high that closed over the 50-simple moving average.
SMH: With the double bottom created on SMH, the question now is what will the Bulls do with it.
IYT: Friday had a nice close over the T-Line, but $148.50 is still the number to get in front of, which now would put us over the 20-day simple moving average.
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 | Cover on positive trading | ||
| 6.29.15 | Short | cover | ||
| 6.25.15 | Long | Possible double bottom | ||
| 6.23.15 | Long | BOPT above T-line | ||
| 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 | BOPT above T-line | ||
| 6.9.15 | Long | BOPT above T-line | ||
| 5.30.15 | Long | BOPT above T-line | ||
| 5.21.15 | Long | BOPT above T-line | ||
| 4.28.15 | Long | Close for now | ||
| 4.13.15 | Long | BOPT above T-line | ||
| 7-8-14 | Long | BOPT above T-line watch the 50sma |
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 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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