One of Today’s Featured Trade Ideas
VNTV/Long (Industrials) VNTV printed a bullish morning star signal yesterday after a three-day profit taking pull back, with a breakout of $41.05. VNTV could see a 5 to $10 run.
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:
Know who you are as a trader and be your own trader. Do you have the personality for swing, day or long term trading? Stick with the type of trading that fits with your lifestyle and personality. Be your own trader and don’t be a follower. You need to be confident in the trades you execute and this means understanding the trade and believing in the trade. Just because someone else takes a trade doesn’t mean it is right for you.
Public E-Learning tonight 8:PM in the H&R Trading Room
Enter Here
VNTV Trading Plan (Entry, Stop, Target) Click Here
SPY: Pending home sales reports 10 AM, petroleum status report 10:30 AM and FOMC meeting announcement 2 PM. Another full day of reports and, of course, the 2 PM FOMC meeting announcement will be the one that most everybody is listening to.
Yesterday, the SPY formed a morning star signal with a Doji supported by the 200-day simple moving average closing yesterday over the 20-day simple moving average at $209.33. That was a good start for the Bulls, but they still have a lot of ground to cover just to get back to the breakout area, which they have met with discouraging results in the past. If the Bulls can manage to close over $210.95 in the next week, then once again, they may have a fighting chance to challenge the breakout area; anything below $210.95 is owned by the bigger bear.
IWM: IWM closed with a hammer yesterday suggesting the Bulls are moving around. Now, if only the Bulls knew how to use a hammer.
SMH: Bullish morning star signal, so it’s a start. We need to see follow-through over the T-Line and then over $54.
IYT: The transports have been here before. Don’t get sucked in unless we see a close over $150.00.
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 | |
| 7.28.15 | Long | |||
| 7.27.15 | Long | BOPT above T-line/caution | ||
| 7.26.15 | Long | BOPT above T-line | ||
| 7.22.15 | Long | BOPT above T-line | ||
| 7.21.15 | Long | BOPT above T-line | ||
| 7.20.15 | Long | BOPT above T-line/flagging | ||
| 7.17.15 | Long | BOPT above T-line | ||
| 7.16.15 | Long | BOPT above T-line/flagging | ||
| 7.15.15 | Long | CAUTION | ||
| 7.14.15 | Long | Bottom trying | ||
| 7.13.15 | Long | Caution/could be a double bottom | ||
| 7.9.15 | Long | Wait for signal | ||
| 6.23.15 | Long | BOPT | ||
| 6.17.15 | Long | BOPT | ||
| 6.12.15 | Long | Hit target | ||
| 6.11/7.1 | Long | BOPT above T-line | ||
| 4.28.15 | Long | out | ||
| 7.21.15 | Short | Flip this to a short | ||
| 7-8-14 | Long | No trade |
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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