One of Today’s Featured Trade Ideas
ENV/Long (Industrials) ENV Is one of our Rounded Bottom Breakout setups that has also formed an ascending triangle and currently a flag formation with a bullish piercing candle. 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:
Rule #29 Trade the chart in front of you.
ENV Trading Plan (Entry, Stop, Target) Click Here
SPY: The SPY has been in a trading range from early February till now with $8.25 between the widest points, May high and the July low. What a surprise; the close yesterday is still in the trading range, and the last three days the Bulls have managed to push it up just under the three-quarter marker line. If the Bulls could manage to close over $211.37, then that would put us in the top 25% of the last three month’s trading range, which is striking distance to retest the highs. Be a little cautious if the Bulls attack the highs in the next few days; the resistance up there has been strong.
IWM: IWM is still in a downtrend and controlled by the sellers as long as price is below the T-Line and the big three.
SMH: The bullish morning star signal was able to put together follow-through yesterday closing over the T-Line. This could be the start of turning this downtrend around; over $54 and I would be interested.
IYT: The Transports are trying to get tuned up. A solid bullish close over the downtrend line puts the transports back in the race. (Well done, Bulls.)
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 | |
| 7.29.15 | Long | Big gap up | ||
| 7.28.15 | Long | BOPT above T-line | ||
| 7.27.15 | Long | BOPT above T-line/caution | ||
| 7.26.15 | Long | BOPT above T-line | ||
| 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/flagging | ||
| 7.15.15 | Long | CAUTION | ||
| 7.14.15 | Long | Bottom trying | ||
| 7.13.15 | Long | BOPT above T-line | ||
| 7.9.15 | Long | Close | ||
| 6.23.15 | Long | BOPT above T-line | ||
| 6.17.15 | Long | BOPT | ||
| 6.12.15 | Long | Hit target | ||
| 6.11/7.1 | Long | BOPT above T-line | ||
| 4.28.15 | Long | out | ||
| 7.21.15 | Short | BOPT above T-line | ||
| 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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