One of Today’s Featured Trade Ideas
ORIG/Long (Oil gas drilling) ORIG is now set up for our Bullish Pinball Strategy starting with the hammer on July 7, followed by consolidating Doji’s that did create a slight high followed by a low on the 13th that closed with a hammer candle, and then yesterday bullish follow-through over the T-Line and the recent high with about 18% to the Pinball Strategy target.
ORIG Trading Plan (Entry, Stop, Target) Click Here
Possible entry plan idea: The buy box $4.70 – $5.05
Possible stop plan idea: A close below T-Line
Possible target area: $5.30-ish, $5.75-ish
Something to think about:
Rule #15 Patience
SPY: The SPY had positive follow-through yesterday closing over the 50-day simple moving average at a price of $210.68 and also above the deuce sisters on the four-hour chart (200 SMA, 200 EMA, 200 FW MA). The bulls seem like they have found a new spark to keep them going, and it may work out very well for the longer term, but for the short-term, there might be a couple of bumps in the road, such as the downtrend line off the recent highs, the fact that the SPY has been up three big bars, plus a gap without any sort of rest and recent volume has been declining. As I mentioned in the member E-learning last night, we should be watching for a little consolidation in the next day or two, and if the Bulls are truly going to be bullish, then there should be a buy signal on the pullback. Good luck with your trading.
IWM: IWM closed very nice yesterday over the 20-day simple moving average right at a resistance line that we have drawn. IWM, just like the SPY, has moved up the past several days without any kind of breathing or rest, which makes me think a little consolidation might be on the way. Also, the Bulls need to break through the head and shoulder pattern that’s lurking.
SMH: SMH is trying, and in the next few days, it may look a little better, but right now, I just don’t see a completed bullish bottom.
IYT: IYT has acted pretty good the last four days or so, and the Bulls seem to be doing their job. Now, if they can only break through the downtrend line.
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
AERI
AMPE
AST
ATRA
CRIS
GLDD
IG
ORIG
OSK
USAT
XON
ZIOP
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 | |
| OSK | 7.14.15 | Long | BOPT above T-line | |
| ADTN | 7.13.15 | Long | BOPT above T-line | |
| BDSI | 7.9.15 | Long | BOPT above T-line | |
| FSL | 6.30.15 | Short | Cover with profits | |
| TSU | 6.25.15 | Long | BOPT above T-line | |
| CERS | 6.23.15 | Long | BOPT above T-line | |
| MBLY | 6.17.15 | Long | Profit taking soon | |
| MX | 6.12.15 | Long | Start thinking profits | |
| ANTH | 6.11/7.1 | Long | BOPT above T-line | |
| AOI | 6.9.15 | Long | BOPT above T-line | |
| EYES | 5.30.15 | Long | Caution | |
| GERN | 5.21.15 | Long | BOPT above T-line | |
| TZA | 4.28.15 | Long | Close for now | |
| FEYE | 4.13.15 | Long | BOPT above T-line | |
| AAPL | 7-8-14 | Long | Caution no trade |
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 above the T-Line ™ implies the bullish short-term swing traders are in control.
SMH: A close above the T-Line ™ implies the above 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 above the T-Line ™ implies the above 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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