One of Today’s Featured Trade Ideas
TZA/Long (ETF small cap Bear) Because IWM still looks weak, I will be looking at adding to my TZA today. TZA is acting as if it wants to come off the lower trend line and head higher. The last four candles are suggesting the Bulls are setting up the bottom for a rally. TZA is also a bullish rounded bottom breakout.
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:
The Right Mindset for Trading is achieved by developing your trading skills and building your confidence in executing trades. This is a process that involves education, stock chart reading and designing trade setups for the trading method you select. The bottom line is SKILL + CONFIDENCE = Right Mindset for Trading
TZA Trading Plan (Entry, Stop, Target)
SPY: Because the SPY managed to close over the big three yesterday with a Doji candle, it still may be attempting to take on the July 31 highs at $211.45. Unfortunately, the overall chart is not helping, and price is in a suspicious area to either pop or drop. Maintaining caution is always important but might be more so lately. If you happen to have linear regression lines on your chart, take a look at the two-month linear regression line and the two-week linear regression line. It becomes clear that the sellers are winning.
IWM: Clearly still controlled by the sellers as of yesterday’s close.
SMH: Clearly still controlled by the sellers, but the buyers are trying to put a party together with a possible LH/HL setup.
IYT: Bulls are trying to turn the transports and have done a fairly good job. Yesterday’s candle is suggesting a little profit taking coming in.
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 | |
| 8.6.15 | Long | BOPT above T-line | ||
| 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 | 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 | 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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