One of Today’s Featured Trade Ideas
AAPL/Short (Technology) AAPL may be headed for the $100 mark, with the double top/bearish engulf/island reversal and a blue-ice failure pattern. Yesterday, AAPL broke through and closed below the 200-day simple moving average, and it lost its recent low support by closing below it 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
Something to think about:
Education – Under what conditions will you stop trading for the day, week or month? For example, “You (the trader) will stop trading for the day or week if you have three losing trades.”
AAPL Trading Plan (Entry, Stop, Target) Click Here
SPY: I don’t know about you, but this market is starting to wear on me — chop, chop, chop. And from the high of May 20, you clearly have to give the trend to the bears. We are 52 bars from the May 20 high. Put a linear regression line using 52 bars on your chart. It is very clear who controls the trend. You can double the linear regression line to 104, and you can see that the Bulls have the upper hand. Chop, chop, chop. There’s not much in the candlestick signals that are giving us clues at the moment; however, the 20-day simple moving average is still below the 50-day simple moving average, and the T-Line is flirting with both of them in yesterday’s closing price below the T-Line.
IWM: Clearly still controlled by the sellers.
SMH: SMH is trying to print a lower high/higher low chart pattern, and we should know in a couple of days if this works out.
IYT: The transports held up very well yesterday, and for the last 25 days or so, the transports have constructed a bullish bottom, short term at least.
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 | Wait for buy sig | ||
| 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/protect | ||
| 7.17.15 | Long | BOPT above T-line | ||
| 7.16.15 | Long | BOPT above T-line/flagging | ||
| 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 | caution | ||
| 6.12.15 | Long | Hit target | ||
| 6.11/7.1 | Long | BOPT above T-line | ||
| 4.28.15 | Long | BOPT above T-line | ||
| 7.21.15 | Short | Short working | ||
| 7-8-14 | Long | short |
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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