One of Today’s Featured Trade Ideas
ACRX/Long (Healthcare Medical Device) Yesterday’s candle finished drawing the picture of a bullish cradle pattern utilizing the 50-day and the 100-day simple moving averages as a support area, not to mention support from candles in June and July. ACRX is also a Rounded Bottom Breakout chart 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
Something to think about:
A snippet taken from a soon to be released eBook prepared by Hit & Run Candlesticks
SKILL and CONFIDENCE – Practicing what you learn through education and by applying that knowledge to chart reading develops skill in spotting trading opportunities. It also develops the confidence to know that these trading opportunities are profitable.
ACRX Trading Plan (Entry, Stop, Target) Click Here
SPY: It looks as if the SPY may attempt to take on the July 31 highs at $211.45 in a day or two. If you consider the May 20 high and the July 7 low with a 50% line, you can see that Monday’s long lower wicked candle found support, and Tuesday’s candle held within Monday’s candle along that 50% support line. At the moment, the morning futures are a bit positive. Of course, the morning futures have nothing at all to do with how today will actually play out. Below $211.45 and above $208.65 is nothing but noise. The action will be above or below those numbers.
IWM: Clearly still controlled by the sellers as of yesterday’s close.
SMH: Clearly still controlled by the sellers as of yesterday’s close.
IYT: Another well-managed day by the Bulls and the transports.
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 | 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 | Protect profits | ||
| 7.17.15 | Long | BOPT above T-line | ||
| 7.16.15 | Long | caution | ||
| 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 | ||
| AA | 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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