No Featured Trade Idea Today
Over the past couple of days I have announced in the members’ trading room that my trading plan is for extreme caution and to trade much lighter than normal. I have closed many positions so I have plenty cash when the market makes a strong decision. There are some days you can make more money by not trading, and for my trading business, I can make the decision not to trade some days and sit on the sidelines. And so can you.
From the “Members Featured Trade Ideas”
NES up 9.36% yesterday and up 23.00% overall
KTOS up 4.56% yesterday and up 18.70% overall
SRNE up 3.99% yesterday and 22.96% overall
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Good Morning,
SPY: The SPY continues to walk sideways in a very narrow range. The recent tops should give the bulls concern. Over the past two months, I can see a bearish “M” formation, and we’ve now closed below the big three with the 20 SMA below the 50 SMA. On the other hand, the fact that the SPY has been able to hold up so well and keep us in the tight range without falling out is something to talk about. My ending comment is, “trade wise, trade cautious and be a profit trader.”
IWM: IWM has managed to hold its bullish breakout status in the consolidation of the last two days and has managed to hold above the T-Line. Keep up the good work, IWM. A close below the daily T-Line and we are very likely to see $126.00 tested.
SMH: If SMH closes below $57.55, then I believe the 100 SMA or about $56.55 is likely to be tested.
IYT: What can be said about the transports? Flat tires, missing drives hafts, three cylinders instead of eight, holes in the wings, rudder not working, grounded. My current target for IYT is $144.25
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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!
TRCH
ZIOP
MDXG
MBLY
FUEL
ROL
ANF
PODD
AKBA
MTDR -s
INCY -s
OA -s
VMC -s
PDCE -s
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 | |
| TSU | 6.25.15 | Long | BOPT above T-line | |
| MOBI | 6.24.15 | Long | BOPT above T-line | |
| CERS | 6.23.15 | Long | BOPT above T-line | |
| ATNM | 6.22.15 | Long | BOPT above T-line | |
| MBLY | 6.17.15 | Long | BOPT above T-line | |
| SSNI | 6.16.15 | Long | Caution needs support | |
| MX | 6.12.15 | Long | BOPT above T-line | |
| ANTH | 6.11.15 | Long | Caution needs support | |
| GENE | 6.10.15 | Long | Close or manage | |
| AOI | 6.9.15 | Long | BOPT above T-line | |
| FENG | 6.3.15 | Long | Watch for PBO | |
| EHTH | 6.1.15 | Long | BOPT above T-line | |
| EYES | 5.30.15 | Long | BOPT above T-line, needs buyers | |
| NQ | 5.29.15 | Long | Watch for PBO | |
| GERN | 5.21.15 | Long | BOPT above T-line | |
| ECOM | 5.20.15 | Long | BOPT above T-line | |
| BLOX | 5.19.15 | Long | BOPT above T-line | |
| UWTI | 5.6.15 | Long | Caution | |
| TZA | 4.28.15 | Long | Start watching | |
| GILD | 4.22.15 | Long | Take Profits! | |
| FEYE | 4.13.15 | Long | Profit taking here | |
| NES | 6.3.15 | Long | BOPT above T-line | |
| AAPL | 7-8-14 | Long | Caution |
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 below the T-Line ™ implies the bearish short-term swing traders are in control.
SMH: A close below the T-Line ™ implies the bearish short-term swing traders are in control.
IYT: A close below the T-Line ™ implies the above short-term bearish 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.
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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