One of Today’s Featured Trade Ideas
KSU/Long (RailRoads) KSU has posted higher lows slowly moving back up over the big three creating a rounded bottom breakout. Along with a double Doji gap, a two- bar run and a profit taking pull back, KSU formed a very nice bullish chart pattern. KSU is also above the construction area and yesterday printed a buyable candle on a tradable support line.
I will be covering more on the trade plan (entry, stop, targets) in the trading room at 9:10 AM EDT today. Click here to learn more
Something to think about — A snippet taken from a soon-to-be-released
eBook prepared by Rick Saddler
The Right Mindset for Trading is achieved by developing your trading skills and building your confidence in executing trades. This is a process that involves education, stock chart reading and designing trade setups for the trading method you select. The bottom line is: SKILL + CONFIDENCE = Right Mindset for Trading
KSU Trading Plan (Entry, Stop, Target) Click here
SPY: While the SPY had a terrific day yesterday gapping and closing over the big three at $210.57, they really just moved back into the center of the beast — the center of the beast being chop. Until price breaks above the upper downtrend line or breaks below the lower uptrend line that outlines the symmetrical triangle, chop will be part of our everyday life. It’s very hard to judge what the market may do while in the chop area. The Bulls need to conquer $211.45 and the bears want to be under $207.10; anything in between the Bulls and the Bears are just doing the polka.
IWM: Can’t really find anything positive to say about the IWM unless you’re a seller.
SMH: SMH had a nice close yesterday and a nice pattern the past couple of weeks. The question now is: What will the Bulls do with it?
IYT: The Transports are trying to put together a bullish road trip and thus far are doing a pretty good job. If the higher lows fail, the bullish road trip will be called off for a while.
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!
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 | |
| 8.10.15 | Long | BOPT above T-line | ||
| 8.6.15 | Long | BOPT above T-line | ||
| 7.30.15 | Long | BOPT above T-line | ||
| 7.29.15 | Long | Set stops/protect profits | ||
| 7.28.15 | Long | BOPT above T-line | ||
| 7.26.15 | Long | BOPT above T-line | ||
| 7.21.15 | Long | BOPT above T-line | ||
| 7.20.15 | Long | Protect profits | ||
| 7.17.15 | Long | BOPT above T-line | ||
| 7.16.15 | Long | BOPT above T-line | ||
| 7.14.15 | Long | BOPT above T-line | ||
| 7.13.15 | Long | BOPT above T-line | ||
| 6.23.15 | Long | Close on weakness | ||
| 6.17.15 | Long | BOPT | ||
| 6.12.15 | Long | Hit target | ||
| 6.11/7.1 | Long | BOPT above T-line | ||
| 4.28.15 | Long | Profit taking likely | ||
| 7.21.15 | Short | Short working | ||
| 7-8-14 | Long | short |
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.
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