One of Today’s Featured Trade Ideas

EVLV/Long (Specialty Retail)    EVLV has formed an H&R favorite pattern on top of a bullish scoop pattern.

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

EVLV Trading Plan  (Entry, Stop, Target) Members Only
Possible entry plan idea:   The buy box zone
Possible stop plan idea:   Stop below
Possible  targets: About 7:1 Risk Reward

Why should I be in the H&R Trading Room?
ACI member’s trade idea on August 28, up 175% %
UVXY member’s trade idea on August 19, up 121%
BTU member’s trade idea on August 20, up 47%

For only $21.22 a week.  Learn and Earn at the same time!
Learn & Earn starts today – Click Here

SPY:   What a crazy wild ride in the market this past week and I doubt it’s over.  The past three trading days, the SPY has shown terrific bullishness, but the $64,000question is:  Can it continue?  If you take a look at the last three days, the SPY had no competition, no real resistance.  Well, no real resistance until yesterday’s close, and that was no pressure the last three days, no fight back.  For the SPY to continue higher, it will have to knock down some bears, sellers, those that are on the dark side.  I have personally closed out several positions this past week collecting the profits for the ultimate protection.  I am on a quest to lower my exposure in the market for the time being.  Follow the trend that makes sense to your trading style.

The T-Line is a registered Trade Mark of Rick Saddler/Hit & Run Candlesticks/Trading for Profit.

IWM:   IWM met up with the T-Line yesterday and a time of resistance looking back to November, December, January of last year.  The $117.10 area on IWM could be a battleground between the Bulls and the bears.

SMH:   SMH has had a pretty nice run the last few days, and it’s easy to be bullish when you’ve got no one standing in your way.  Right now the bears are all hanging out around $50.85

IYT:  $143.45 and the Transports could start running into a few potholes.

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.