One of Today’s Featured Trade Ideas
DGX/Long (Healthcare Diagnostics and Research) On July 8, DGX found support on the 200 SMA and a double bottom bouncing back above the big three creating a high, then pulling back the last several days creating a higher low finishing yesterday with a bullish morning star signal and what we call a moving average squeeze.
I will be covering more on the trade plan (entry, stop, targets) in the trading room at 9:10 AM EDT today.
Click here to learn more
Something to think about:
Rule #24 Cash is a position, too.
DGX Trading Plan (Entry, Stop, Target) Click Here
SPY: Yesterday was another down day and another day trapped in the dark side’s trend, closing below the T-Line and just a little bit below the 50 SMA. Smaller chart patterns are within larger chart patterns. We as swing traders tend to trade the smaller chart patterns for swings, but when those swings start getting into support and resistance of the larger pattern, it becomes very tough to navigate. With the SPY, the larger pattern says to be very cautious and wary of anything near the 2015 highs, and for about the last seven months, that has been the case.
IWM: My grandmother used to ask me if my head was still screwed on to my shoulders. Well, I’ll tell you that head is still on the shoulders of that IWM chart, and that right shoulder’s looking like it’s trying to build an arm. The 20 SMA has now closed below the 50 SMA, and yesterday’s price action doesn’t look very promising.
SMH: Another dud day for the semiconductor’s ETF yesterday.
IYT: The bearish downtrend line deserves respect. You can see that it has not given price permission to breach it.
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!
Symbols from TC2000
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 | |
| 7.22.15 | Long | BOPT above T-line | ||
| 7.21.15 | Long | BOPT above T-line | ||
| 7.20.15 | Long | BOPT above T-line | ||
| 7.17.15 | Long | BOPT above T-line | ||
| 7.16.15 | Long | BOPT above T-line | ||
| 7.15.15 | Long | BOPT above T-line/caution | ||
| 7.14.15 | Long | Stops protect/caution | ||
| 7.13.15 | Long | BOPT above T-line/caution | ||
| 7.9.15 | Long | BOPT above T-line | ||
| 6.23.15 | Long | BOPT above T-line | ||
| 6.17.15 | Long | Caution/BOPT above T-line | ||
| 6.12.15 | Long | flagging | ||
| 6.11/7.1 | Long | BOPT above T-line | ||
| 5.21.15 | Long | Close doing nothing | ||
| 4.28.15 | Long | BOPT above T-line | ||
| 7.21.15 | Short | Flip this to a short | ||
| 7-8-14 | Long | LOL and that was some test |
VXX S&P 500 VIX Short Term Futures: A close above the T-Line ™ implies the bullish short-term swing traders are in control. A close below the T-Line ™ implies the bearish short-term swing traders are in control.
Energy Sector: XLE, SX90, ERX, USO A close above the T-Line ™ implies the bullish short-term swing traders are in control. 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 above short-term swing traders are in control. 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. A close below the T-Line ™ implies the bearish short-term 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. A close below the T-Line ™ implies the bearish short-term swing traders are in control. Learn more about the T-Line – Click Here
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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