One of Today’s Featured Trade Ideas
AMPE/Long (Healthcare Biotechnology) I will be using the Rounded Bottom Breakout (RBB) strategy to trade AMPE. After the gap in April, the artist has painted a cup and handle and a flag the last few trading days and a closing Bullish Engulf yesterday. To find out more about this trading strategy, please check out our membership.
AMPE Trading Plan (Entry, Stop, Target) Click Here
Something to think about:
Rule #21 Never be fully invested
SPY: Those famous words by Clint Eastwood: “Do you feel lucky? Well, do you?” The SPY closed yesterday with a Doji pretty darn close to the recent highs. There’s only three places it can go: up, down or sideways. As a trader, I have a few choices myself, such as putting the brakes on and trading much lighter or even not trading at all until a decision is made at this very important level. The Bulls have done a fantastic job the past week or so, and as of yesterday, the bearish gatekeeper has held back the breakout. The battle is on!
IWM: The sellers are trying to paint a bearish head and shoulders while the buyers are trying to paint a support line for this pullback to bounce off of. Tread lightly and monitor the candlestick price action.
SMH: Sellers are still in charge.
IYT: The battle is on between the T-Line and the bearish downtrend line.
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 | |
| 7.21.15 | Long | BOPT above T-line | ||
| 7.20.15 | Long | BOPT above T-line | ||
| 7.17.15 | Long | BOPT above T-line | ||
| 7.16.15 | Long | BOPT above T-line | ||
| 7.15.15 | Long | BOPT above T-line/caution | ||
| 7.14.15 | Long | BOPT above T-line/caution | ||
| 7.13.15 | Long | BOPT above T-line/caution | ||
| 7.9.15 | Long | BOPT above T-line | ||
| 6.30.15 | Short | Protect profits | ||
| 6.23.15 | Long | BOPT above T-line | ||
| 6.17.15 | Long | Profit taking soon | ||
| 6.12.15 | Long | Manage your trade/BOPT | ||
| 6.11/7.1 | Long | BOPT above T-line | ||
| 6.9.15 | Long | Close slowing down | ||
| 5.30.15 | Long | Close doing nothing | ||
| 5.21.15 | Long | Close doing nothing | ||
| 4.28.15 | Long | BOPT above T-line | ||
| 7.21.15 | Short | Flip this to a short | ||
| 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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