Spotlight Chart – JAZZ
Targets Hit- 30.30%
Members Trade Idea – January 3
100 Shares Invested – $3030. in your pocket
Today’s featured trade idea – OSUR
Set Up – 2-day Bull Kicker, 3-day Doji Continuation, T-Line breakout
Potential Swing profit – 13 – 30% Plus
From a bull’s eye SPY:
As of Wednesday’s close, the bear still owns the bull and the bear has created resistance starting about $235.80.
The last few days we have been talking about Moving Average crossover, using the T-Line and another slower moving average. The SPY has clearly broken the bull trend. The candle patterns have also confirmed the sellers are in charge.
To be bullish we will need to see a candlesticks reversal and a moving average cross-over. Set you to plan up and create a working watch list. Until then we will focus on, in this order, shorts, inverse ETF’s, longs.
Investing and Trading involves significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks or it’s associates should be considered as financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service
Member’s Stock Picks Below
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Scanned from Tc200 both longs and shorts
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