One of Today’s Featured Trade Ideas
MGI/Long (Credit services) MGI has broken above the big three and the deuce with a flag pullback and a PBO around the T-Line is starting to make this chart look like a possible J-Hook breakout with a Bullish Engulf on Thursday and follow-through on Friday.
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
MGI Trading Plan (Entry, Stop, Target) Learn More Click Here
FTK -up 38%
W -up 27%
AMSG -up23%
A $3000.00 investment from any one of the three above would have paid for a year’s membership. At the close on Friday, there were 25 members’ stocks over 9%.
Email me and tell me what you’re waiting for: Rick@RickSaddler.com
SPY: The Bulls presented very well the last three days of last week Wednesday, Thursday, and Friday. The Bulls posted a Belt Hold, a high-end Doji and then a Bullish Engulf, the combination which forms a Doji continuation pattern. So here we are on a Monday morning and the SPY is primed and ready to break through the bearish barriers. $210.75 is a bearish barrier that the buyers will need to attack and conquer.
IWM: Still controlled by the sellers and opens today with a Bullish Engulf. The question is: Are there enough bulls in there to get through the resistance to take on $123.75? Anything below $123.75 is construction.
SMH: Maybe today will put some bullish spark in SMH, but as of the close on Friday, the spark is still doused with water.
IYT: Price has held on well to what it’s earned over the past few weeks. There’s been impressive price action the last three days of last week with a hammer Doji and a bullish gap.
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
Keep your eye on the inverse ETF’s They trade well!
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 | |
| 8.13.15 | Long | Buy on T-Lin Run | ||
| 8.11.15 | Long | BOPT above T-line | ||
| 8.6.15 | Long | BOPT above T-line | ||
| 7.29.15 | Long | Buy on T-Lin Run | ||
| 7.28.15 | Long | BOPT above T-line | ||
| 7.26.15 | Long | Caution stops? | ||
| 7.21.15 | Long | BOPT above T-line | ||
| 7.20.15 | Long | Buy on T-Lin Run | ||
| 7.17.15 | Long | BOPT above T-line | ||
| 7.16.15 | Long | Caution stops? | ||
| 7.14.15 | Long | Buy on T-Lin Run | ||
| 7.13.15 | Long | Caution stops? Close on weakness | ||
| 6.23.15 | Long | Caution stops? Close on weakness | ||
| 6.17.15 | Long | Caution stops? | ||
| 6.12.15 | Long | BOPT above T-line | ||
| 6.11/7.1 | Long | BOPT above T-line | ||
| 4.28.15 | Long | Setting up | ||
| 7.21.15 | Short | Short working | ||
| 7-8-14 | Long | Short working |
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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