One of Today’s Featured Trade Ideas
USAT/Long (Technology) USAT looks to have the potential to get near the $5 area with an impressive chart pattern starting with the Doji on June 30, and notice the bull kicker on July 10. Price is now broken out of the 2015 highs pushed by a Doji continuation pattern a few days ago.
USAT Trading Plan (Entry, Stop, Target) Click Here
Possible entry plan idea: The buy box $3.15 – $3.45
Possible stop plan idea: A close below $3.15
Possible target area: $3.70-ish, $4.00-ish, 4.35-ish, $6.00-ish
Something to think about:
Rule #17 – Sell into strength
SPY: Yesterday the Bulls were able to maintain their strength closing above the 50-day simple moving average with the Doji. I see that the Bulls are even trying to stir up some action this morning, currently up over yesterday’s close. Remember, it’s about the close at the end of the day that matters. Here’s just a couple of things I think we should keep our eyes on. First, we have not overcome the bearish downtrend line overhead. You can see it on a daily chart, but if you put your chart in two- or three-day mode, you can see the bearish head and shoulders forming. These are just a couple of things that we will be watching and monitoring as the trading hours go by. $211.46 and $213.20 will be important levels for the Bulls to take on and the Bears to defend.
IWM: You can see it on the daily chart, but the two-day chart is extremely clear with the drawing of a bearish head and shoulders. The question is, can the Bulls overcome the head and shoulders? And of course they can if they can keep their mojo going. $127.15 and above $129.00 are important bull/bear levels.
SMH: SMH is still trying to put a game together, and if Intel can hold together, this will help SMH tremendously.
IYT: Watching IYT closely and waiting for a bullish break of 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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