One of Today’s Featured Trade Ideas
PRTA/Long (Healthcare) After consolidating around $45.20, which was also the March high, PRTA continued to rally for a few days and then pulled back creating a little rounded bottom with a bullish J-Hook breakout. With bullish follow-through, I see a possible target around 71.
PRTA Trading Plan (Entry, Stop, Target) Click Here
Something to think about:
Rule #18 – When price moves steadily in a bullish or bearish direction 5 to 10 days, it’s very common to see profit-taking occur.
SPY: The buyers have had quite the party the last few days riding the bull up. One has to wonder if they will tire today and take a few profits or will this party continue. A 3.58% stretch this past week has been quite the run for the SPY. At the close yesterday, the buyers showed no intention of giving the party up, but then again, today is another day. I have always found it beneficial to take profits into strength. We closed down VLTC with a very nice profit yesterday, and we are likely to do the same with a few other charts today.
IWM: IWM is still wondering whether or not it wants the right shoulder to push above the left shoulder and the head is sitting there wondering “What do I do? What do I do?” The simple thing is to follow the charts. As of yesterday, the Bulls seem to have control.
SMH: SMH still hasn’t joined the bullish party as of yet. SMH needs to get above the 50-day simple moving average or approximately $56.50.
IYT: As much as the Transports would like to go to the party, they are having trouble getting out of their own house. IYT is still trending down and controlled by the sellers.
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!
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.
| Members only | Date | Long/Short | Try our Membership, Check out the Trading Room | |
| 7.16.15 | Long | BOPT above T-line | ||
| 7.15.15 | Long | BOPT above T-line | ||
| 7.14.15 | Long | BOPT above T-line | ||
| 7.13.15 | Long | BOPT above T-line | ||
| 7.9.15 | Long | BOPT above T-line | ||
| 6.30.15 | Short | Cover with profits | ||
| 6.25.15 | Long | close | ||
| 6.23.15 | Long | BOPT above T-line | ||
| 6.17.15 | Long | Profit taking soon | ||
| 6.12.15 | Long | Manage your trade | ||
| 6.11/7.1 | Long | BOPT above T-line | ||
| 6.9.15 | Long | BOPT above T-line | ||
| 5.30.15 | Long | Caution | ||
| 5.21.15 | Long | BOPT above T-line | ||
| 4.28.15 | Long | No trade | ||
| 4.13.15 | Long | BOPT above T-line | ||
| 7-8-14 | Long | Earnings July 21 |
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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