One of Today’s Featured Trade Ideas

OSK/Long (Industrial sector/trucking)   OSK is set up for short-term swing trade, a double bottom and a BeltHold formed yesterday.

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

OSK Trading Plan  (Entry, Stop, Target) In members area

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SPY:  For the last three days Thursday, Friday, Monday the SPY and the market has not played very well,  now I see the morning futures are trying to make nice.  Let’s not forget a basic playground fact, the ball does not roll uphill is quickly as it rolls downhill.

I see there are quite a few bullish trades setting up that we might be able to participate in while the market tries to post some sort of relief rally and bottom building.  The SPY could rally 10 points today and still being in a downtrend, that something to think about.  So be careful not to follow and chase some ‘I just want to be bullish” game plan.  A close over 197.80 and a retest of that close might make me think the Bulls are serious.  Other than that they’re just playing with a relief rally’s

IWM:  Nothing but noise and hard right edge trading below 115.15

SMH: Above 46.80 could take you to the next resistance level

IYT:  Below 141.50 is just burnouts and false starts.

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.

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.