One of Today’s Featured Trade Ideas
INCY/Long (Healthcare biotech) INCY produced a Bullish moving average squeeze yesterday, double bottom the last couple of weeks and is forming a bullish “W” pattern. By flattening the daily chart out into a seven-day chart, you can clearly see a left/right combo/Doji Bullish Engulf.
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
INCY Trading Plan (Entry, Stop, Target)
Learn More – Click Here
SPY: Yesterday the SPY opened below the big three and closed above the big three with the push of three days behind it with a good bullish candle pattern. The close yesterday that engulfs the big three is an impressive price action move. One of our star chart pattern setups is this type of action. The next number for the Bulls to conquer will be $211.60 followed by $212.70 and then finally $213.80.
IWM: The IWM chart does not look quite as good as the SPY chart because it’s still trading under the 30-day average of the 20-day simple moving average. At the close yesterday, the trend is still owned by the sellers.
SMH: Still too many bears not enough Bulls
IYT: The Transports have stepped up nicely and acting very bullish, as if they want to take on $155.85.
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!
Keep your eye on the inverse ETF’s They trade well!
Symbols from TC2000
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 | ||
| 6.12.15 | 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.
Comments are closed.