One of Today’s Featured Trade Ideas
No featured trade idea ahead of the three-day weekend. The market is in shambles, volume is low due to everyone cleaning their grill, filling their ice chest and picking out a bathing suit.
From our Hit & Run Candlesticks family, we wish everyone a great weekend.
What some of our Trade Ideas are doing?
SCLN up 11.24% yesterday and up 20.34% overall
SCHN up 13.45% yesterday and up 8.96% overall
EA up 1.16% yesterday and 8.64% overall
2-Week Membership Trial – Click Here
Trade & Learn with the best.
Good Morning,
SPY: There’s not a great deal that can be said about the SPY, or the overall market for that matter, until the cards are dealt from Greece. Maybe the jobs report today or a word from the Feds or the market is likely to continue in the manner it has over the last couple months. The past five to six days of trading has been pretty rough on the bullish traders. Traders that got on board with shorts at the right time are going to do quite well this week.
Here we are in the second half of 2014 and the SPY is closing below the high/close. Over the past six months, there has been plenty of times that we looked at the chart price holding above the 50 SMA and looking quite bullish. We are starting the second half of this year wondering if price will even hold over the 200-day simple moving average. Like I said Greece, jobs report, Feds, somebody please just deal the cards.
IWM: IWM is currently struggling to stop the freefall over the past week, forming a bear flag.
SMH: SMH has had a rough month, struggling to hold the 200-day simple moving average and forming a bearish flag.
IYT: The wheels are not yet on the Transports, and they seem to be stuck in the same old ditch, also trying to form a bear flag.
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!
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 | |
| 6.30.15 | Short | Short on weakness | ||
| 6.29.15 | Short | Short on weakness | ||
| 6.25.15 | Long | Wait for PBO | ||
| 6.24.15 | Long | BOPT above T-line | ||
| 6.23.15 | Long | Wait for PBO | ||
| 6.22.15 | Long | BOPT above T-line | ||
| 6.17.15 | Long | BOPT above T-line | ||
| 6.16.15 | Long | BOPT | ||
| 6.12.15 | Long | BOPT above T-line | ||
| 6.11/7.1 | Long | BOPT above T-line | ||
| 6.10.15 | Long | Close or manage | ||
| 6.9.15 | Long | BOPT above T-line | ||
| 6.3.15 | Long | Watch for PBO | ||
| 5.30.15 | Long | Wait for PBO | ||
| 5.29.15 | Long | BOPT above T-line | ||
| 5.21.15 | Long | BOPT above T-line | ||
| 5.20.15 | Long | Close on weakness | ||
| 5.19.15 | Long | Caution | ||
| 5.6.15 | Long | close | ||
| 4.28.15 | Long | BOPT above T-line | ||
| 4.13.15 | Long | BOPT above T-line | ||
| 6.3.15 | Long | Hit Target! | ||
| 7-8-14 | Long | Looking 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.
Energy Sector: XLE, SX90, ERX, USO A close below the T-Line ™ implies the bearish short-term swing traders are in control.
SMH: A close below the T-Line ™ implies the bearish short-term swing traders are in control.
IYT: A close below the T-Line ™ implies the above short-term bearish 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.
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.
Comments are closed.