One of Today’s Featured Trade Ideas
LEAF/Long (Financial/credit services)
After a 70% run back in February/March, LEAF has pulled back below the big three, formed a rounded bottom and has now broke out above the big three. The price action of July 16 suggest that the buyers plan on taking LEAF higher after the 16th we can see a 2 bar flag and then a bullish breakout yesterday.
I will be covering how to trade this chart in the trading room at 9:10 AM EDT today
Click here to learn more
Something to think about:
Rule#22 Don’t panic
LEAF Trading Plan (Entry, Stop, Target) Click Here
SPY: As expected and talked about in yesterday’s morning report the spy experienced weakness yesterday. We now have a Doji evening star with confirmation at resistance, what this suggest is that the sellers have taken a little control for the time being. There’s not much about the chart that would suggest exactly where the sellers will give up and allow the buyers to have a little control, this is why we watch the candlesticks to give us a clue on who has the current power, the buyers or the sellers?
IWM: The sellers control the canvas and their paintbrush continues to paint a bearish head and shoulders, until we see a reversal signal/pattern we will go with the painting we see in front of us.
SMH: Sellers are still in charge.
IYT: So close but yet so far, the transports performed well “yesterday” can they continue to form as well and push price over the upper bearish downtrend line. Be patient don’t rush it, wait for it.
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 | |
| 7.22.15 | Long | BOPT above T-line | ||
| 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 | Cover on strength | ||
| 6.23.15 | Long | BOPT above T-line | ||
| 6.17.15 | Long | caution | ||
| 6.12.15 | Long | flagging | ||
| 6.11/7.1 | Long | BOPT above T-line | ||
| 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 | T-Line test coming |
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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