One of Today’s Featured Trade Ideas

CHK/Long (Energy)  In the CHK chart, I see a 3-bar low that gapped and put in a three-day high followed by a little PBO flag, then a little gap that has just turned into consolidation.  I also see a bullish T-Line run and a very nice bullish morning star signal the last three days.  CHK is also a bullish inverse chart pattern coming off the bottom.
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I will be covering more on the Featured Trade Idea (entry, stop, targets) in the trading room at 9:10 AM EDT today.
$$$$-One of the member’s trade idea yesterday AST closed up 18.49%.  Note the chart pattern
CHK Profits through education Sept. 15
Possible entry plan idea:   The buy zone Members Only
Possible stop plan idea:   Below
Risk Reward 5.8:1 depending on entry/exit/Stop

Trading for Profit is the place you ought to be!
AMBA member’s trade idea on Sept. 2, up 24 %
ACI member’s trade idea on August 28, up 265 %
VXX member’s trade idea on August 28, up 66 %
UVXY member’s trade idea on August 19, up 203%
TZA member’s trade idea on August 6, up 37%
BTU member’s trade idea on August 20, up 54%
FTK  member’s trade idea on July 10, up 46%
ANAC member’s trade idea on July 10, up 56%
EXEL member’s trade idea on July 17, up 44%

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SPY:   Kind of hard to say too much about the SPY considering how it’s been acting.  If we go back and consider the first part of August, the SPY is undoubtedly controlled by the sellers and is currently forming a bear pennant.  If you consider the chart from August 24, you might be saying a pennant is forming and you’re waiting for a breakout one way or another.  The fact is, everybody is right, and I think everyone in the entire investment world is waiting to see what’s behind door number one.  Stay patient.  I am fairly confident this stagnant, boring market will soon come to an end.

IWM:   Outside of higher lows, IWM is controlled by the sellers.
SMH:  SMH is trapped below the 50-day simple moving average and above the 20-day simple moving average.  It has followed a bullish T-Line run but seems to have run and is now in a holding pattern waiting for door number one.
IYT:   Trapped below the 50-day simple moving average and above the 20-day simple moving average and also feeling the weight of a downtrend resistant line.
VXX:  Watching this chart very closely as it shows the fear in the market which is currently pulling back but still a Bullish chart.
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!
Keep your eye on the inverse ETF’s They trade well!

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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.

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.