One of Today’s Featured Trade Ideas
AMPE/Long (Healthcare biotechnology) We have had our eye on AMPE for some time since July 21 and has been on our members’ list ever sense. It’s now pulled back to both the 20- and 50-day simple moving average with an inverted hammer on Thursday, and Friday came close to printing an actual hammer. AMPE is one of our bullish Rounded Bottom Breakouts with a nice series of higher lows.
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:
Education – As with any new skill, the foundation is education. Ask yourself, “Would you start to build a house if you had no knowledge of construction concepts and applications?” NO! Traders first learn the basics, such as technical analysis and fundamental analysis. Read books and attend webinars/workshops. This is really the start of building your knowledge base, so you can later shape your trading style and philosophy. As you mature as a trader, education continues to play an integral role in your success so you never stop learning.
AMPE Trading Plan (Entry, Stop, Target) Click Here
SPY: The SPY closed Friday with a bearish dark cloud cover candle and closing above the big three and the T-Line. While the sellers controlled Friday itself, the buyers still controlled last week. If we were to see bearish follow-through from the dark cover candle, then that would be a sign that last week’s relief rally has run the course and the overall bears are taking control back. Of course, if the buyers were able to keep price closing above $209, this would suggest they’re trying to keep the party going.
IWM: IWM had a pretty good week last week with price ending up over the T-Line; unfortunately, the run was mediocre at best and gained no real bullish traction.
SMH: SMH could be trying to form a bottom, but I think the savvy trader would have patience and trade above the construction area.
IYT: It was a good week last week for the transports. The candle pattern held up well, and the buyers stayed strong all through the week. Above $154.00, the buyers would be in good position to take on the 200-day simple moving average.
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 | |
| 7.30.15 | Long | BOPT above T-line | ||
| 7.29.15 | Long | Set stops | ||
| 7.28.15 | Long | BOPT above T-line | ||
| 7.27.15 | Long | BOPT above T-line/caution | ||
| 7.26.15 | Long | BOPT above T-line | ||
| 7.22.15 | Long | BOPT above T-line | ||
| 7.21.15 | Long | BOPT above T-line | ||
| 7.20.15 | Long | BOPT above T-line | ||
| 7.17.15 | Long | BOPT above T-line | ||
| 7.16.15 | Long | BOPT above T-line/flagging | ||
| 7.15.15 | Long | BOPT above T-line | ||
| 7.14.15 | Long | Bottom trying | ||
| 7.13.15 | Long | BOPT above T-line | ||
| 6.23.15 | Long | BOPT above T-line | ||
| 6.17.15 | Long | BOPT above T-line | ||
| 6.12.15 | Long | Hit target | ||
| 6.11/7.1 | Long | BOPT above T-line | ||
| 4.28.15 | Long | Watching closely | ||
| 7.21.15 | Short | BOPT above T-line | ||
| 7-8-14 | Long | No trade |
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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