One of Today’s Featured Trade Ideas
ACTG/Long (Industrials) ACTG is one of our Rounded Bottom Breakout strategies that has started a low-high/higher-low/higher-high trend.
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: Focus on the best trades for you. Study stock charts and identify high probability setups. Start with one or two trade setups, master them and then add more setups.
Members E-Learning tonight 8:PM in the H&R Trading Room
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ACTG Trading Plan (Entry, Stop, Target) Click Here
SPY: The FOMC meeting begins today along with the S&P Case Shiller report, consumer confidence report, and tomorrow we have the pending home sales index, EIA petroleum status report and then at 2 PM the FOMC meeting announcement. That’s a lot to take in for the next two days and sift through. This is why we follow the charts and what price action is doing utilizing candlesticks and candlestick patterns along with support and resistance. The SPY ended up closing yesterday with the Doji on the 200 SMA. I would suspect that a relief bounce is in order since we are in such a short-term oversold condition. The market needs to form a reversal bottom before it can become tradable. There are many stocks that have such a bottom and are poised to reverse.
IWM: IWM found support at the 200 simple moving average, but the trend is still down and the Bulls are still on the outside fringe. If you’re dying to be bullish, try to be patient and wait for the signal and the trend change.
SMH: The sellers still have control and as of the close yesterday, there are no signs of the buyers being serious.
IYT: The transports are still derailed.
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 | |
| 7.27.15 | BOPT above T-line | |||
| 7.26.15 | Long | BOPT above T-line | ||
| 7.22.15 | Long | Wait for signal | ||
| 7.21.15 | Long | BOPT above T-line | ||
| 7.20.15 | Long | BOPT above T-line/flagging | ||
| 7.17.15 | Long | BOPT above T-line/flagging | ||
| 7.16.15 | Long | BOPT above T-line/flagging | ||
| 7.15.15 | Long | CAUTION | ||
| 7.14.15 | Long | Stops protect/caution | ||
| 7.13.15 | Long | Caution/could be a double bottom | ||
| 7.9.15 | Long | Wait for signal | ||
| 6.23.15 | Long | BOPT | ||
| 6.17.15 | Long | BOPT | ||
| 6.12.15 | Long | Hit target | ||
| 6.11/7.1 | Long | BOPT above T-line | ||
| 4.28.15 | Long | Protect profits | ||
| 7.21.15 | Short | Flip this to a short | ||
| 7-8-14 | Long | No trade |
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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